RTA starts renting retail outlets at Dubai Route 2020 stations
DUBAI, October 12, 2020
Dubai’s Roads and Transport Authority (RTA) is offering investment opportunities for renting retail outlets at the metro stations of Route 2020, namely Jebel Ali, The Gardens, Discovery Gardens, Al Furjan, Jumeirah Golf Estates, Dubai Investment Park and Expo 2020 stations.
RTA called on the business community and investors all over the UAE to benefit from this new business prospect generated by the 15-km Route 2020, which serves densely populated areas inhabited by more than 270 thousand individuals.
"These stations offer 40 retail outlets spanning an area of 15,860 sq ft in addition to five sales kiosks," stated Abdul Mohsen Ibrahim Younes, CEO of Rail Agency, RTA.
Metro stations of Route 2020 offer a brilliant investment opportunity for entrepreneurs as they are considered high-attraction spots for shoppers and tourists on the move," noted Younes.
“Route 2020 can handle 46,000 riders per hour in both directions (23,000 riders per direction per hour)," he added.
According to RTA’s studies, the number of Route 2020 is projected to be used by 125,000 riders per day in 2021 and shoot to about 275,000 riders per day by 2030.
Studies also revealed that Expo Station is expected to witness 35,000 visitors per day during weekdays, and 47,000 visitors per day during weekends. This number accounts for about 29% of the total expected daily visitors of Expo.-TradeArabia News Service