TownX Signs Exclusive Deal With Knight Frank To Lease Over 20,000 sqft Of Retail Space At Luma Park Views, Dubai
TownX, one of Dubai’s fastest-growing real estate developers with an AED 4 billion project portfolio, has signed an exclusive agreement with global real estate consultancy Knight Frankto lease over 20,000 square feet of prime retail space at Luma Park Views, located in Jumeirah Village Circle (JVC), Dubai.
Knight Frank will serve as the exclusive leasing partner for the entire retail component of this development.
Luma Park Views boasts modern retail spaces designed to meet the demands of today’s market, featuring dedicated car parking and electric vehicle (EV) charging stations—amenities that underscore the development’s commitment to convenience and sustainability.
Haider Abduljabbar, Executive Director of TownX, commented: “Partnering with Knight Frank for the exclusive leasing of retail space at Luma Park Views is a significant step in our vision to deliver integrated, community-focused developments. Our commitment to quality, sustainability, and user experience is reflected not only in our retail offerings but also in our broader project portfolio, including our recent Arjan acquisition which will further enrich Dubai’s evolving real estate landscape.”
TownX is also set to offer a premium retail space exceeding 30,000 square feet at 11 Hills Park, a landmark development situated in the heart of Dubai Science Park. The project boasts two sky pools, two state-of-the-art gyms, and 558 residential units, with completion anticipated in Q1 2027.
TownXhas recently made headlines with its acquisition of one of Arjan’s largest land plots, valued at AED 110 million, covering 400,000 square feet of sellable area. This move highlights TownX’s ambitious growth strategy and its dedication to creating high-quality residential communities beyond Dubai’s traditional prime locations.
Daniel Rosso, Senior Manager- Retail Commercial Agency, Knight Frank, said: “Our exclusive partnership with TownX reinforces Knight Frank’s commitment to providing exceptional retail leasing solutions in Dubai’s rapidly expanding communities. Luma Park Views offers a strategic location with cutting-edge facilities that cater to evolving retail needs, and we are excited to bring quality tenants to this new destination.”
Founded in 2017, TownXhas so far delivered over 967 units and is currently developing 2,125 apartments, including projects like Easy18, Easy19, Luma21, and Luma22 in JVC, as well as 11 Hills Park at Dubai Science Park.
