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Meydan One Mall is a super regional shopping center in Mohammed Bin Rashid City, Dubai, developed by Meydan Group and opened in 2025. It spans 333,000 square meters of gross leasable area (GLA) across five levels, with plans to expand by 500,000 square meters by 2027. The property includes 780 retail units, a 131,150 square meter hypermarket, 30 anchor stores, 190 food and beverage outlets, a 21-screen cinema, an indoor ski slope, and a water park.
As of November 2025, occupancy stands at 95%, with 16,648 square meters available for leasing. Annual footfall reaches 10 million visitors, averaging 625,000 monthly, with a 2.5-hour dwell time and 25% conversion rate. Sales per square meter are $8,000. The tenant mix achieves 70% diversity, featuring high-end fashion along a 400-meter Central Canyon, luxury flagships, mainstream retail, and waterfront leisure integrations.
Average annual rents are $1,200 per square meter, exceeding Dubai's typical $800 to $1,000 range.
Accessibility is strong, with proximity to major highways (0.5 km), two metro lines, and 13,000 parking spaces. The 5 km catchment area covers 1.2 million residents, primarily affluent expatriates with a median household income of $120,000 and 2.5% annual population growth.
Market position emphasizes entertainment to extend visits and boost exposure through 50 annual events and 40% loyalty program penetration. However, Dubai's saturated retail market, with 15.2% e-commerce penetration and competition from malls like Dubai Mall (100 million visitors annually), poses risks of traffic variability and category saturation, particularly for non-luxury segments.
Leasing advantages include flexible terms, phased entry options, and turnover-based structures (10% on sales) to mitigate volatility; drawbacks encompass high operating costs, absence of rent-free periods for prime spaces, and potential rent erosion from expansions.
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Hours of Operation
Hours
| Monday | Closed |
| Tuesday | Closed |
| Wednesday | Closed |
| Thursday | Closed |
| Friday | Closed |
| Saturday | Closed |
| Sunday | Closed |
Hours may vary on public holidays. Check with individual stores for specific holiday schedules.
Insights
Demographics and Catchment
The 5 km catchment area includes 1.2 million residents, mainly expatriates with 2.5% annual growth. Median age is 34 years, household size 3.8 persons, 45% tertiary education rate, and 2.8% unemployment. Median household income is $120,000, supporting per capita retail spending of $12,500, including $2,500 on apparel, $3,000 on groceries, and $1,800 on electronics. This affluent, transient demographic drives demand for premium and diverse retail but challenges long-term customer loyalty and retention programs due to high mobility.
Competition and Market Risks
Meydan One Mall faces intense competition in Dubai's retail landscape from established centers like Dubai Mall (100 million annual visitors) and Dubai Hills Mall (15,000 daily visitors), with 15% category density overlap. East Dubai added 600,000 square feet of new supply in early 2025, contributing to market saturation in luxury and mainstream segments. High e-commerce penetration (15.2%) and 99% internet usage heighten risks of reduced physical store conversions, especially for smaller or non-essential retailers, potentially diluting footfall and pressuring occupancy in weaker categories.
Leasing Terms and Operational Quality
Average rents are $1,200 per square meter, above Dubai averages, with some 10% turnover-based options but no rent-free periods for prime locations. Operating costs exceed norms, and future expansions may cause 5-10% rent instability. Strengths include $8,000 sales per square meter, 50 annual events for visibility, and 40% loyalty penetration. Operational quality benefits from advanced safety (0.5% incident rate) and entertainment integration, though dependency on leisure-driven traffic introduces variability; recommend negotiating flexible, performance-linked terms to address economic fluctuations.
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Dubai
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