Nakheel Malls, the retail arm of master developer Nakheel, has joined hands with DP World, the leading smart trade enabler and provider of global end-to-end supply chain logistics, to launch a centralised one-stop shop, Souk Al Marfa.
Strategically located at Deira Islands and stretching 1.9 km along the waterfront, Souk Al Marfa is in close proximity with Mina Rashid, Mina Al Hamriya and Deira Wharfage, with the potential to ship and import directly to its 2,500 shops and pavilions. Due to open next month (April), the vibrant retail and trading hub will operate seven days a week and 365 days a year.
A centralised one-stop shop at Deira, Dubai’s oldest and most traditional trading hub, Souk Al Marfa provides affordable growth opportunities to traders by offering multiple benefits including 100 per cent foreign ownership, repatriation of capital and profit, no restrictions on currency movement, logistical ease and ancillary amenities such as warehousing, office space, showrooms, ancillary retail and food and beverage (F&B) facilities – all with minimal paperwork.
Souk Al Marfa is the second collaboration between Nakheel Malls and DP World to be announced in the last five months. The first, dragonmart.ae, was launched in September 2020.