Avenues Phase I and II combined have around 400 stores in total. When Avenues Phase III is completed before the end of the year it will double the total stores to around 800. So Phase III is going to be another Avenues stuck to the current Avenues which will make it pretty huge.
In comparison, Dubai Mall has over 1,200 stores.
13 replies on “Avenues in Numbers”
Whens the official opening date for Phase 3?? didnt they say it was in october? do you know an exact date?
i also heard it was october
Is that October, 2012 or 2015?
Great looking extension, just a shame about Mabanee, the owner/operator of Avenues. Never before have I encountered such a business-unfriendly attitude to prospective tenants.
Tennants sign a 5 year contract, your rent automatically goes up in year 4 and 5.
They charge a non refundable placement fee up up front upon signing in excess of 1000 KD per metre. That you never see again.
You pay a deposit equivalent to 6 months rent up front. If you leave the location before your 5yr term you lose all of this.
For smaller units they won’t even let you into the location to view it. You have to sign and commit on a paper plan!
You can’t take the contract away for review. Have to read and sign on the spot.
Given these terms, Mabanee implicitly does better when small tenants fail. It means they get to re-lease the unit again to another victim, and charge the fees all over again. All in all a shocking lack in the alignment of interests between landlord and tennant.
#FAIL
dafuq did i just read?
How do you think Al Shaya keeps on expanding?
Free rent for the boss, everyone else pays the price.
Well if you are small business go find a place that matches your tiny budget. The Avenues is supposed to be for the best of the best.
Haha you mean 400 coffee shops, 200 restaurants and 200 stores.
lolol
Who shops extensively in large malls anyway?
Stop comparing the Avenues with Dubai mall and by that token, Kuwait with Dubai. East is East and West is West and never the twain shall meet. It should ideally, be more about the quality of shopping experience (ease of parking included) than just the number of stores you find in a given mall. It’s a shame there’s not going to be an annexe for serviced apartments and a 7 star hotel, though.
And while we are on comparisons do let’s remember we all of us have inferiority complexes of various sizes and shapes only some of us have not so much a complex as we do have a cathedral of inferiority complex. Just scratch a little harder beneath the surface and you shall come up with 10 good reasons why you should
be glad to be living in Kuwait and not the Emirates or Qatar or any place else, if you are prepared to stretch it a little.
It’s commendable that with almost zero tourists coming in from CIS,China, Indian subcontinent, Mideast or for that matter, from anywhere else Kuwait still has the number of malls and retail outlets it does. That itself is saying something about local wealth and consumption in Kuwait unlike in the Emirates where they depend on tourists to get their cash registers ringing!!!
However, tourism is always good even if it is just commercial tourism. Look where it has catapulted Dubai. Oh no, I forget no comparions, please! 🙂
Tourism has put millions of dollars into the pockets of the locals and expats. There’s a reason why The Emirates has double the amount of millionaires than Kuwait.
Imagine if Kuwait actually put a plan together.
Shame