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Jumeirah Fishing Harbour Retail is a niche waterfront development in Umm Suqeim 2, Dubai, part of three restored fishing harbors completed in 2014 to support local fishermen and attract tourists.

Spanning outdoor retail spaces, fish markets, and dining outlets along Jumeirah Beach Road, it offers approximately 783 square feet units suitable for small-scale retail like cafes, seafood vendors, and boutique shops. The tenant mix emphasizes fresh seafood, casual dining, and leisure activities, with operators such as local fishmongers and waterfront eateries dominating.

Market position as a cultural and authentic spot contrasts with upscale malls, drawing families, expats, and visitors seeking experiential shopping amid Dubai's 2025 retail boom, where overall occupancy averages 98% per Emaar and Majid Al Futtaim reports.

Leasing advantages include competitive rents at AED 300 per square foot annually, plus 15% service charge and VAT, with 10% security deposit; provisions for water and drainage enhance operational ease. Footfall benefits from proximity to Jumeirah Beach and Dubai Offshore Sailing Club, estimated at moderate levels driven by tourism (Dubai welcomed 17.15 million visitors in 2024 per Dubai Tourism data) and local traffic, though not matching mega-malls' millions.

Accessibility via Beach Road and bus stops is solid, but parking can be constrained during peaks.

Demographic profile targets affluent residents (average household income AED 50,000+ monthly in Jumeirah per Bayut insights) and middle-class tourists.

Operational quality is good with daily harbor activity from 6am to midnight, but risks include seasonal fluctuations in fishing yields affecting supply chains and competition from nearby Mercato Mall or Boxpark.

Overall, it suits niche retailers focusing on marine-themed or casual concepts, with potential for steady but not explosive growth in Dubai's saturated yet resilient retail landscape valued at AED 1.4 billion in H1 2025 transactions.

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Hours of Operation

Hours

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Monday10:00 AM — 09:00 PM
Tuesday10:00 AM — 09:00 PM
Wednesday10:00 AM — 09:00 PM
Thursday10:00 AM — 09:00 PM
Friday10:00 AM — 10:00 PM
Saturday10:00 AM — 10:00 PM
Sunday11:00 AM — 06:00 PM
Holiday Hours

Hours may vary on public holidays. Check with individual stores for specific holiday schedules.

Al Fintaas Street, Dubai, United Arab Emirates

Insights

Demographics and Footfall

The area serves an affluent demographic in Jumeirah-Umm Suqeim, with over 70% expat residents including Europeans and South Asians, per Dubai Statistics Centre 2024 data; average age 30-45, household incomes exceeding AED 40,000 monthly. Footfall is moderate, bolstered by 5-7 million annual beach visitors nearby, plus harbor tourism drawing 10,000+ weekly during peaks, though reliant on weekends and events; challenges include lower weekday traffic compared to central malls, potentially limiting sales for non-food tenants.

Competition and Market Saturation

Faces moderate competition from established spots like Mercato Mall (2km away, 95% occupancy, diverse anchors) and emerging Boxpark (1.5km, trendy F&B focus), per Cavendish Maxwell H1 2025 report; Dubai's retail market shows 7-10% YoY rental growth but saturation in waterfront segments. Strengths lie in unique fishing harbor vibe offering differentiation for experiential retail, yet risks of market overlap with Al Sufouh dining hubs could pressure occupancy if tenant mix lacks innovation.

Lease Terms and Operational Risks

Leasing terms feature AED 300/sqft base rent for 783sqft units, 5-year minimums typical in Dubai's commercial sector, with escalation clauses at 5-7% annually per DLD guidelines; advantages include flexible fit-outs and waterfront views boosting appeal. Drawbacks encompass aging infrastructure post-2014 restoration, potential maintenance issues, and access challenges via congested Beach Road; weak categories like non-seafood retail may underperform amid 15% service fees, advising due diligence on utility provisions and competition clauses in agreements.

Building Details

Property Type
Retail
Gross Leasable Area
4000
Year Built
2010
Parking Spaces
100
Average Monthly Footfall
12,500
Owner
Dubai Municipality
Anchor Tenants
Fish Market, Local Restaurants

Detailed Market Analytics

Primary Catchment Area
5 km radius
Secondary Catchment Area
15 km radius
Catchment area population
250,000 People
Population growth rate
2.5 %
Median age
34 Years
Household size
4.2 Persons
Education level (tertiary)
55.0 %

Median household income
25,000 AED/month
Unemployment rate
2.8 %
Cost of living index
75 Index (NY=100)

Retail spending per capita
10,500 USD/year
Spending on apparel
1,200 USD/year
Spending on groceries
3,500 USD/year
Spending on electronics
800 USD/year

Annual foot traffic
150,000 Visitors
Dwell time
45 Minutes
Conversion rate
25.0 %
Sales per square meter
2,500 AED/year

Number of retail stores
20 Stores
Anchor tenant presence
No
Competitor density (same category)
Low
Tenant diversity
Medium
Unique Concepts
Seafood markets

Gross Leasable Area
4,000 sqm
Number of Levels
1 Levels
Average rent per square meter
300 AED/month
Vacancy rate
5.0 %
Lease term flexibility
High
Available retail space
500 SQM

Proximity to main roads
Direct
Public transport access
Good
Parking spaces
100 Spaces
Pedestrian traffic
Moderate

E-commerce competition
Medium
Click-and-collect adoption
30.0 %
Internet penetration
99.0 %

Retail crime rate
Low
Security measures
CCTV and patrols

Promotional events
Weekly markets
Loyalty program penetration
10.0 %
Digital signage presence
Low

Projected foot traffic growth
5.0 %
New tenant pipeline
3 Tenants
Mall expansion plans
Minor upgrades
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