Dubai, 12 March 2018– CBRE, the global real estate consulting firm, has beenappointedas the exclusive retail leasing partner for Seventh Heaven, Al Barari in Dubai.
Known for its luxurious properties including spacious apartments and villas, Al Barari is one of the most exclusive and eco-friendly developments in the UAE. Seventh Heaven is the second phase of the Al Bararidevelopment in Dubailand, intended to continue the ‘garden’ experience by providing a series of cascading apartments with large terraces, a 6-star boutique hotel resort and a retail promenade.
Comprising of two residential buildings, spread across 10 and 12 floors and 157 apartments,Seventh Heaven will feature a wide retail mix including restaurants and lifestyle dining, skincare boutiques and salons, banks, and Yoga &Pilates fitness centers. The residential component is due for completionstarting July 2018 and the Retail component due to be operational by Q4 2018.
Commenting on the appointment, Anthony Spary, Head of Investor Leasing, CBRE Middle East, said, “CBRE is delighted to partner with Al Bararifor the launch of Seventh Heaven retail.Set in the green surroundings, Al Barari has become a culinary, leisure and wellness hub for UAE residents with a key focus on quality, health and wellness.”
“As consumer appetite for quality, eco-friendly products and servicesincreasesin the region, we anticipate high demand for this space from reputedand renowned retail brand names,” added Spary.
“Creating a strong sense of community is at the heart of everything we do. A community where you can live, feel, and think differently. A community our residents and visitors look forward to coming home to everyday. Creating the right retail mix is at the heart of this. We are pleased to be working with CBRE and we trust that they will deliver on the retail experience we envision”, said Nadia Zaal, CEO of Al Barari
CBRE’s instruction for Al Barari followsits recent announcement of two key appointments to its Middle East Advisory & Transaction Services team - ZeynepSarsar joining as Manager, Retail Agency, and Jayne Higgins as a Senior Consultant, Retail Agency.
CBRE Middle East’s highly experienced management team offers a full range of real estate services, including Valuation; Tenant & Landlord Agency; Research & Consultancy; Property Management; Project Management; Facilities Management; and Global Corporate Services.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.ae