Engel & Völkers to Sell Freehold F&B Units at Marriott JVC Dubai

Dubai, UAE – 31 July 2025 - Engel & Völkers Commercial has been appointed exclusive broker for Dubai’s first-ever freehold, licensed food and beverage (F&B) retail spaces, located at Marriott Residences Jumeirah Village Circle (JVC).

This marks a new chapter in Dubai’s commercial property landscape, giving investors and F&B operators an opportunity to own, not lease, licensed restaurant spaces with full title deeds and long-term operational flexibility.

Restaurants Village: A Curated Dining Destination

Central to the project is the Restaurants Village, a premium culinary hub curated by Motion Hospitality and Six Hospitality, backed by AED 100 million (USD 27.2 million) in capital investment from TEN Holding.

The destination will feature 11 signature venues, offering both turnkey and customizable units. Confirmed brands include Toco, Olivia, Liquid Rhythm, and The Tavern, with space still available for operators to introduce their own concepts (subject to approval).

“Buyers will have full ownership and operational control of their outlet, free from the limitations of traditional leasehold models,” said Hamad Omid Ghasemi, Chairman of TEN Holding.

Luxury Living and Strategic Location

The Marriott Residences JVC combines contemporary elegance with traditional heritage, and includes 119 guest rooms and suites, a rooftop pool, wellness facilities, and direct integration with the Restaurants Village.

Strategically located, the development is 10–20 minutes from key landmarks like Dubai Marina, Downtown Dubai, and Mall of the Emirates, ensuring high footfall from tourists, residents, and business travelers alike.

It’s led by the Khamas Group, a UAE-based hospitality powerhouse with over a century of experience and a global portfolio including nine hotels, 14 restaurants, and two spas.

A New Model for Hospitality-Focused Commercial Investment

“This is a pioneering moment for commercial real estate in Dubai,” said Alex Lourenco, Head of Commercial at Engel & Völkers Middle East.

“Owning a licensed restaurant space in a Marriott-branded development, with guaranteed returns, flexible financing, and minimal operational risk, simply didn’t exist before now.”

The investment structure allows for low entry costs, ownership certainty, and operational independence—making it ideal for:

• International F&B brands entering the UAE market
• Local hospitality operators seeking long-term assets
• Investors looking for high-yield, low-maintenance commercial opportunities

Ownership Means Brand Control and Long-Term Value

Unlike traditional leaseholds that tie up cash in rent escalations and limit creative direction, these F&B units offer:

• Full control over concept and design
• No rent obligations
• Title deed ownership for resale potential
• Brand building in a premium setting

“This reflects our strategic focus on lifestyle-driven commercial assets where location, design, and brand equity converge to deliver exceptional returns,” added Nikki Shoria, Senior Commercial Consultant at Engel & Völkers.