Cluttons named leasing agent for Bahrain’s Dragon City

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dragoncityInternational real estate agency Cluttons has been appointed by Chinamex, one of China’s largest overseas trading companies, as the official agent to lease the new multi-million dollar Dragon City retail project in Bahrain.

Dragon City is located in the south west corner of the Diyar Al Muharraq master plan development, a $ 3.2 billion mega mixed-use city. Dragon City’s gross floor area will be approximately 54,000 square meters with a total leasable area of 32,000 square meters, accommodating more than 790 retail units.

The concept is similar to the Dubai Dragon Mart in the UAE, offering wholesale and discount retail space to local consumers, trade consumers as well as tourists. Unlike conventional malls, Dragon Mart caters to both the wholesale and retail consumer bases. Dragon City is expected to attract customers from a variety of demographics, with a range of income profiles and nationalities looking to capitalise on quality Chinese and local products at wholesale price.

Dragon City will offer retail space for lease to both Chinese and Bahraini business, and leasing is expected to start shortly. With an expected annual footfall of 1-2 million visitors, coupled with the success Dragon Mart has had in the UAE, the retail units will be in high demand.

“Dragon City’s catchment area will extend to all areas of Bahrain, the eastern province of Saudi Arabia and neighbouring GCC countries,” said Harry Goodson-Wickes, Head of Cluttons Bahrain.

“Signing this agreement with Chinamex is yet another key instruction for us in the Middle East property market. We are proud to be associated next to such a high profile and well respected brand.  It enables us to collaborate not only with Chinamex but also with Diyar Al Muharraq, Kuwait Finance House Bahrain and other investor from across the Gulf,” he added.

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Reading Time: 1 minute

International real estate agency Cluttons has been appointed by Chinamex, one of China’s largest overseas trading companies, as the official agent to lease the new multi-million dollar Dragon City retail project in Bahrain.

Reading Time: 1 minute

dragoncityInternational real estate agency Cluttons has been appointed by Chinamex, one of China’s largest overseas trading companies, as the official agent to lease the new multi-million dollar Dragon City retail project in Bahrain.

Dragon City is located in the south west corner of the Diyar Al Muharraq master plan development, a $ 3.2 billion mega mixed-use city. Dragon City’s gross floor area will be approximately 54,000 square meters with a total leasable area of 32,000 square meters, accommodating more than 790 retail units.

The concept is similar to the Dubai Dragon Mart in the UAE, offering wholesale and discount retail space to local consumers, trade consumers as well as tourists. Unlike conventional malls, Dragon Mart caters to both the wholesale and retail consumer bases. Dragon City is expected to attract customers from a variety of demographics, with a range of income profiles and nationalities looking to capitalise on quality Chinese and local products at wholesale price.

Dragon City will offer retail space for lease to both Chinese and Bahraini business, and leasing is expected to start shortly. With an expected annual footfall of 1-2 million visitors, coupled with the success Dragon Mart has had in the UAE, the retail units will be in high demand.

“Dragon City’s catchment area will extend to all areas of Bahrain, the eastern province of Saudi Arabia and neighbouring GCC countries,” said Harry Goodson-Wickes, Head of Cluttons Bahrain.

“Signing this agreement with Chinamex is yet another key instruction for us in the Middle East property market. We are proud to be associated next to such a high profile and well respected brand.  It enables us to collaborate not only with Chinamex but also with Diyar Al Muharraq, Kuwait Finance House Bahrain and other investor from across the Gulf,” he added.

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