Dubai Pearl is a mixed-use, 22 million sq ft integrated site developed by Pearl Dubai FZ LLC.
Dubai Pearl will provide premium residences and offices, international retail and the highest quality dining, entertainment and leisure facilities. The development will ultimately provide a home for approximately 29,000 people. Dubai Pearl’s initial handover is scheduled to commence in December 2017.
To undertake a review of the resident and tourist population forecasts in and market supply dynamics in Dubai in order to determine the likely user demand and hence optimum space configuration and positioning for the development.
Analysis of the Dubai tourist and population forecasts, and the proposed facilities at the development in order to identify customer demand streams
Analysis and audit of the current and future retail supply in Dubai to identify key competitors and potential gaps in the market
Development of a bespoke footfall, space supportable and forecast revenue model to advise the development on the amount of retail and F&B space that should be provided at the development and the potential revenues this could generate
Advised the development on the optimal category mix and price positioning of the retail and F&B offer in order to maximise customer spend and satisfaction
Pragma identified each of the potential user demand streams for the development and determined the optimal space requirements and revenue forecasts. The results were integrated within the architectural plans.