13 hours ago
TownX partners with Knight Frank for exclusive retail space at Luma Park Views
Property TownX partners with Knight Frank for exclusive retail space at Luma Park Views
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Luma Park Views boasts modern retail spaces designed to meet the demands of today's market, and features dedicated car parking and electric vehicle (EV) charging stations
Developer TownX has signed an exclusive agreement with global real estate consultancy Knight Frank to lease over 20,000sqft of prime retail space at Luma Park Views, located in Jumeirah Village Circle (JVC), Dubai.
According to a statement, Knight Frank will serve as the exclusive leasing partner for the entire retail component of this development. Founded in 2017, TownX has so far delivered over 967 units and is currently developing 2,125 apartments, including projects like Easy18, Easy19, Luma21, and Luma22 in JVC, as well as 11 Hills Park at Dubai Science Park.
Luma Park Views boasts modern retail spaces designed to meet the demands of today's market, and features dedicated car parking and electric vehicle (EV) charging stations amenities that underscore the development's commitment to convenience and sustainability.
Haider Abduljabbar, Executive Director of TownX commented, 'Partnering with Knight Frank for the exclusive leasing of retail space at Luma Park Views is a significant step in our vision to deliver integrated, community-focused developments. Our commitment to quality, sustainability, and user experience is reflected not only in our retail offerings but also in our broader project portfolio, including our recent Arjan acquisition which will further enrich Dubai's evolving real estate landscape.'
Daniel Rosso, Senior Manager, Retail Commercial Agency, Knight Frank added, 'Our exclusive partnership with TownX reinforces Knight Frank's commitment to providing exceptional retail leasing solutions in Dubai's rapidly expanding communities. Luma Park Views offers a strategic location with cutting-edge facilities that cater to evolving retail needs, and we are excited to bring quality tenants to this new destination.'
TownX is set to unveil a premium retail space exceeding 30,000sqft at 11 Hills Park, a development taking shape in Dubai Science Park. The project promises to captivate with its features, including two sky pools, two gyms, and 558 residential units. Completion of this project is anticipated in the first quarter of 2027.
The developer recently acquired one of Arjan's land plots, valued at US $29.92mn, spanning 400,000sqft of sellable area. The acquisition is said to underscore TownX's commitment to its growth strategy and its dedication to crafting residential communities beyond the conventional prime locations of Dubai.
