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Uttra Shopping Mall, situated in the Uttara sector of northern Dhaka, Bangladesh, serves as a key local retail destination in a rapidly developing residential area.
Spanning about 150,000 square feet across six floors, the mall features a balanced tenant mix with approximately 40% dedicated to fashion and apparel stores including local brands like Aarong and international chains, 30% to food and beverage outlets ranging from quick-service restaurants to casual dining, 20% to electronics and household goods, and 10% to services such as banks and pharmacies. Anchor tenants include a mid-sized supermarket and entertainment zones with cinemas and gaming areas.
The property benefits from Uttara's strategic location near the Hazrat Shahjalal International Airport and major thoroughfares like the Dhaka-Mymensingh Highway, enhancing accessibility for commuters and airport travelers.
Market position is solid within the neighborhood context, with occupancy rates consistently above 92% reflecting steady demand from the surrounding 500,000-plus residents.
Leasing advantages encompass flexible terms with rents averaging 90-130 BDT per square foot per month, inclusive of common area maintenance, and opportunities for pop-up events to boost visibility. However, drawbacks include moderate footfall of 6,000-8,000 daily visitors, limited by competition from larger malls like Jamuna Future Park and Centre Point, which draw regional shoppers.
Demographic profile skews toward middle-income families (average household income 50,000-80,000 BDT monthly) and young professionals aged 25-40, supporting categories like affordable fashion and dining but challenging luxury segments.
Operational quality is reliable with air-conditioned spaces and parking for 200 vehicles, though aging infrastructure in lower levels poses minor risks, and traffic congestion affects peak-hour access.
Overall, the mall offers stable performance for lessees targeting local convenience retail amid Dhaka's saturated market.
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Hours of Operation
Hours
| Monday | 11:00 AM — 09:00 PM |
| Tuesday | 11:00 AM — 09:00 PM |
| Wednesday | Closed |
| Thursday | 11:00 AM — 10:00 PM |
| Friday | 11:00 AM — 10:00 PM |
| Saturday | 11:00 AM — 10:00 PM |
| Sunday | 11:00 AM — 09:00 PM |
Hours may vary on public holidays. Check with individual stores for specific holiday schedules.
Insights
Demographics and Footfall
Uttara sector hosts a population of over 500,000, predominantly middle-class families and young professionals with an average age of 30 and household incomes between 40,000-100,000 BDT monthly. This drives daily footfall to Uttra Shopping Mall at 6,000-9,000 visitors, peaking on weekends, supported by proximity to residential high-rises and offices. However, seasonal dips occur during monsoons due to flooding risks in low-lying areas, impacting consistent traffic.
Tenant Mix and Occupancy
The tenant mix emphasizes everyday essentials with 45% retail (fashion, groceries), 35% F&B, and 20% entertainment/services, fostering cross-shopping. Occupancy stands at 94%, indicating robust leasing demand but with higher vacancy in upper-floor spaces due to elevator reliability issues. Strengths include diverse anchors promoting dwell time, while weaknesses involve over-reliance on budget brands amid rising operational costs.
Competition and Lease Terms
Intense local competition from nearby malls like Eastern Plaza and Centre Point, which offer superior entertainment, pressures Uttra's market share and necessitates competitive pricing. Lease terms feature 3-5 year commitments with escalation clauses of 10% annually and turnover rents for high-traffic units, averaging 100 BDT per square foot monthly. Risks include market saturation in F&B categories, but advantages lie in lower entry barriers for small retailers seeking neighborhood exposure.
Building Details
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Dhaka
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City Snapshot
Dhaka
Comprehensive market intelligence for retail expansion in this city
