Dubai’s retail market continues to grow with the opening of new stores catering to the city’s diverse and expanding population. To meet this demand, Lulu Group has opened its latest hypermarket in Al Satwa, a vibrant area known for its mix of cultures.
The launch is a continuation of the company’s growth strategy, following the momentum of its highly successful IPO and signals a promising future for the retail giant.
The inauguration of Lulu hypermarket in Al Satwa was officiated by Majid Saqer Almarri, CEO of Dubai Land Department, in the presence of Yusuff Ali M.A., Chairman of Lulu Group, along with other distinguished dignitaries.
The new hypermarket is a testament to Lulu’s commitment to expanding its footprint across the UAE and the wider Gulf Cooperation Council (GCC) region.
Lulu hypermarket in Al Satwa
“We are delighted to launch our latest hypermarket in Al Satwa, which will provide a world-class shopping experience to the local community and surrounding areas. The opening of this hypermarket marks our 23rd store since our IPO declaration,” said Yusuff Ali M.A. during the ceremony.
“We aim to open 100 stores in the next three to five years, and this new development shows we are firmly on track to achieve our targets for 2025 and beyond,” he added, underlining the company’s ambitious expansion plans.
252nd store in GCC region
Lulu Group’s expansion is not just about growth in numbers but also about providing unparalleled shopping experiences. The Al Satwa hypermarket spans an impressive 60,000 square feet and is the 252nd store in Lulu’s GCC network.
Located in the bustling, vibrant neighborhood of Al Satwa, the new hypermarket promises to offer a global shopping experience, featuring a vast selection of locally sourced and international products. With its extensive range of offerings, the hypermarket is set to become a key destination for both residents and visitors in Al Satwa, strengthening Lulu’s position as a leading retail brand in the region.
Lulu’s expansion plans
The opening of the Al Satwa hypermarket is part of Lulu’s broader expansion strategy in Dubai. Following this launch, Lulu has plans for several more stores across key locations such as Al Jaddaf, Jumeirah Lakes Towers (JLT), Nad Al Hammar, Dubai Expo City, Khorfakhan, and Oud Al Mutina. These new additions will further bolster Lulu’s footprint and customer reach, contributing to the growing demand for modern retail experiences in the UAE.
Yusuff Ali hails UAE’s visionary leadership
“We express our sincere gratitude to the UAE leadership for their unwavering support. Their guidance has played a crucial role in helping us achieve this milestone,” Yusuff Ali M.A. remarked. Lulu’s expansion reflects the company’s ongoing efforts to meet the needs of a diverse, ever-evolving market while delivering high-quality service and products to its customers.
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The Al Satwa hypermarket’s grand opening was attended by several key members of Lulu’s leadership team, including Saifee Rupawala, CEO of Lulu Retail, Salim M.A., Director for Global Operations, and Thamban Poduval, Regional Director of Lulu Dubai, alongside other notable officials.
This new store is another step forward in Lulu’s mission to provide convenience, variety, and excellence in shopping for all its customers across the region.
tanvir@dubainewsweek.com
