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Ajman Mall, operated as City Centre Ajman by Majid Al Futtaim, stands as the emirates largest retail destination with a gross leasable area of 34,000 square meters, expanded to 55,300 square meters after a AED 643 million redevelopment completed in 2019. Situated on Al Ittihad Street (E11) in Al Jurf district, it offers prime accessibility via major highways linking Ajman to Dubai (20 minutes) and Sharjah (10 minutes), with 2,100 parking spaces.
Annual footfall reaches 10.5 million visitors, drawing from a catchment of over 2 million residents in Northern Emirates. Demographics include UAE nationals (about 15%), expatriates from South Asia (40%), Middle East and North Africa (30%), and Southeast Asia (15%), plus regional tourists, favoring family shopping and mid-market brands.
Tenant mix spans 79 outlets: anchors like Carrefour hypermarket (13,606 sq m), Centrepoint, H&M; fashion (40%), F&B (25% with 18 dining options including KFC, Starbucks), electronics, and services; entertainment via VOX Cinemas (14 screens, 1,369 seats) and Magic Planet. Occupancy hovers above 95%, supported by professional management.
Market position is dominant in Ajman, a growing emirate with 500,000 population and 8% retail growth amid UAE expansion.
Leasing advantages encompass stable rents (AED 150-250/sq ft annually), high traffic for sales velocity, sustainability features like LED lighting reducing costs, and diverse mix enhancing cross-shopping. Drawbacks include competition from Sharjah and Dubai malls siphoning premium traffic, potential saturation in apparel, and dependence on expatriate workforce sensitive to economic shifts.
Operational quality is solid with modern infrastructure, though pre-2019 areas may need upkeep.
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Hours of Operation
Hours
| Monday | 10:00 AM — 10:00 PM |
| Tuesday | 10:00 AM — 10:00 PM |
| Wednesday | 10:00 AM — 10:00 PM |
| Thursday | 10:00 AM — 12:00 AM |
| Friday | 10:00 AM — 12:00 AM |
| Saturday | 10:00 AM — 12:00 AM |
| Sunday | 10:00 AM — 10:00 PM |
Hours may vary on public holidays. Check with individual stores for specific holiday schedules.
Insights
Demographics and Footfall
Ajman Malls primary catchment covers 2.5 million residents across Ajman, Sharjah, and northern Dubai, with demographics comprising 42% South Asian expatriates, 28% Arab residents, 18% UAE nationals, and 12% others including Europeans and tourists. Annual footfall of 10.5 million equates to 28,700 daily visitors, peaking at 40,000 on weekends due to family events and cinema draws. This supports consistent traffic for mid-tier retailers, though seasonal dips during summer heat (up to 45C) reduce visits by 20-30%, favoring indoor entertainment anchors.
Tenant Mix and Lease Terms
The tenant mix balances 35% fashion (H&M, Centrepoint), 25% grocery/F&B (Carrefour, 18 outlets like McDonalds), 20% leisure (VOX, Magic Planet), and 20% services/electronics. Occupancy exceeds 95% post-expansion, with average lease terms of 3-5 years at AED 150-250 per sq ft base rent plus 10-15% turnover. Advantages include traffic guarantees from anchors, but challenges arise in weak categories like luxury goods due to local preferences for value retail, potentially leading to higher vacancy in non-core spaces.
Competition and Market Risks
Ajman faces moderate competition from Sharjah Mega Mall (larger scale) and Dubai outlets (premium draw), with 70% of high-end shoppers bypassing for better variety. Local market saturation in budget fashion limits growth, while rents rose 5% yearly to 2025 amid 7% emirate GDP increase. Accessibility via E11 is strong, but aging infrastructure in surrounding areas and reliance on 80% expatriate population expose risks to economic downturns, advising diversified tenant strategies to mitigate 10-15% potential footfall volatility.
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City Snapshot
Ajman
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