New Al-Futtaim Malls asset management division, PLEX Management Services will enable community mall to elevate offering to attract a broader audience
Dubai, UAE: Arabian Spaces Real Estate, a business of the Saeed & Mohammed Al Naboodah Group, today announced the appointment of Al-Futtaim-owned PLEX Management Services to manage the Arabian Center shopping mall in Dubai. Launched in April this year, PLEX Management Services will deliver Asset Management, Leasing and Marketing services to the Arabian Center with a specialized team of industry experts.
Located off the Airport Road, the Arabian Center was established by the Al Naboodah Group in 2009, and is home to more than 200 retail stores, ranging from clothing to home furnishings, electronics, jewelry, perfumes, fashion accessories and family entertainment. The mall also houses a 100,000+ sqft Lulu Hypermarket, which carries a wide variety of products fulfilling the daily needs of shoppers.
Abdullah Mohammed Juma Al Naboodah – Chairman, Saeed & Mohammed Al Naboodah Holding said, “With our diverse range of facilities including a spacious food court, health and medical centers, and banks, the Arabian Center is a complete family destination for shopping, leisure and entertainment for the vibrant surrounding community. We have great aspirations to enhance our offering and are confident that the Al-Futtaim Malls group will help us exceed our customers’ expectations.”
Timothy Earnest, Group Director Al-Futtaim Malls commented: “Al-Futtaim Malls already has a proven track record of creating both sustainable revenue growth and value enhancement for investors, while delivering exceptional experiences and exciting shopping environments for customers. Through our new division PLEX Management Services, we are thrilled to bring this expertise and add value to Arabian Center.
Leveraging on the expertise of its parent company, Al-Futtaim Malls, PLEX Management Services offers a full array of services including asset management and development, leasing, and brand experience expertise to shopping malls and retail organizations in the MENA region and beyond. Implementing global best practice and deploying Al-Futtaim Mall’s deep understanding of mall management and retail dynamics, PLEX promises to deliver continuous growth and long-term value for its partners.
PLEX Management Services is part of Al-Futtaim Malls within the Al-Futtaim Group, one of the most diversified and progressive, privately held regional businesses.
About PLEX Management Services, Al-Futtaim Malls:
PLEX Management Services is the third-party management division of the Al-Futtaim Malls group. PLEX provides asset management, development, leasing and marketing services to shopping mall owners in the MENA region. Al-Futtaim Malls provides development and asset management expertise, specializing in building retail-led super regional malls in prime locations across MENA and beyond. With a proven track record of creating both sustainable revenue growth and value enhancement for tenants, Al-Futtaim Malls delivers exceptional experiences and exciting shopping environments for customers.
Part of the Al-Futtaim Group, Al-Futtaim Malls leadership team brings more than 30 years of experience and a deep understanding and knowledge of the retail sector, both from a shopper’s point of view but as curators of space or landlords to other brands. The company has a directly managed portfolio including over 9 million sqft of retail space across four malls in the MENA region and two under development. Malls under the Al-Futtaim Malls portfolio include Dubai Festival City Mall and Festival Plaza in the UAE, Cairo Festival City Mall in Egypt and Doha Festival City in Qatar.
About the Saeed & Mohammed Al Naboodah Group:
Founded in 1958 by two brothers, the Saeed & Mohammed Al Naboodah Group is among the most well-respected family company names in the UAE. Employing around 10,000 people of almost 50 different nationalities, the Al Naboodah Group’s core business focus covers civil engineering, building and MEP, in addition to representing a diverse portfolio of global brands in the automotive, transportation, travel, electrical, logistics, agriculture, smart cities, real estate and renewable energy sectors. Al Naboodah is a trusted brand renowned for the delivery of world-class projects and services and exceeding the quality demanded by its clients.