Mubasher: Time Out Group has signed an agreement with Emaar Malls to launch Time Out Market in one of Dubai’s most visited attractive destinations.
Emaar, listed on the Dubai Financial Market (DFM) and majority-owned by Emaar Properties, has collaborated with the global media and entertainment business Time Out to open this market in Souk Al Bahar in Downtown Dubai.
Set to open at the end of 2020 as the first of its kind in the Middle East and North Africa (MENA) region, this business is Time Out Market’s third management agreement that enables further global expansion plans of this successful food and cultural market.
“We are pleased to have entered into our third management agreement, partnering with Emaar Malls to open Time Out Market Dubai. This enables us to scale this successful format globally and drive growth,” CEO of Time Out Group Julio Bruno said.
He added: “Time Out Market Dubai will be the first site to open outside of Europe and North America.”
Time Out Market Dubai has a unique waterfront position on Burj Lake, next to The Dubai Mall and the iconic Burj Khalifa, one of the MENA region’s prime destinations, attracting millions of visitors an annual basis.
The market occupies 30,000 sq ft that can accommodate approximately 670 seats.
CEO of Emaar Malls Patrick Bousquet-Chavanne said: “The addition of the first Time Out Market in the region in Souk Al Bahar will add to the culinary attractions that await visitors and local residents to Downtown Dubai.”
Time Out Market’s CEO Didier Souillat, CEO commented: “We can’t wait to test, taste and select the very best curated mix of the city’s top chefs and cultural talent for Time Out Market Dubai. This will be a fantastic addition to the city and another must-visit destination in this part of Dubai.”
In 2014, the first Time Out Market was opened in Lisbon to bring the best of the city under one roof with its best chefs, drinks, and cultural experiences, based on editorial curation.
Time Out Market Lisbon welcomed a record of 3.9 million visitors over 2018.
“With eight sites in the pipeline, the Group is in the process of rolling out this successful format globally: Five new Time Out Markets are set to open in 2019 in Miami, New York, Boston, Chicago and Montréal; followed by Dubai in 2020, London-Waterloo in 2021 and Prague in 2022. The sites in Montréal and Prague are the Group’s first management agreements,” according to the press release.
