The Golden Mile will finally come to life at the start of 2011! Retail and leisure stores to include a large Waitrose supermarket on the Palm Jumeirah.
In an exciting and much awaited announcement, IFA, the developer of the Golden Mile announced that it had finalised leases for some if its retail units. The flagship store will no doubt be the 1,140sq m Waitrose supermarket. Â Starbucks, a Boots pharmacy, Optvision opticians and a Dr Nicholas & ASP medical centre will be amongst the first few offerings in the Golden Mile.
The Golden Mile is a high end residential development of 10 buildings stretching for almost a mile down the middle of the Palm Jumeirah trunk. The Golden Mile has retail spaces all across the ground floor of its connected buildings. Residents on the Palm Jumeirah have long been eager to see these retail space occupied. However, like many developments in Dubai progress has been slow despite the buildings having been handed over to owners and residents several months ago.
This is excellent news for the many residents of the Palm Jumeirah. This also brings a certain level of confidence back to the market. The addition of such brands as well as the excellent convenience and enhancement to quality of living they offer is a big boost to the Palm Jumeirah which has recently received criticism for failing to live up to its billing as the 8th wonder of the world.
The announcement signals only the first  of a wave of businesses to set up in the Golden Mile. It is expected that that a lot more stores will be announced soon. The Waitrose Palm Jumeirah store is expected to open in April 2011. Waitrose had earlier met their ambitious deadline to open their store in Dubai Mall. The only question that remains is whether Nakheel will make any strides in finishing the park, which currently sits as a sandpit, in time for the grand opening.
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