TownX, Knight Frank Ink 20,000 Sq Ft Retail Deal at Luma Park Views

Exclusive Retail Leasing and Community Integration

Knight Frank has been appointed the exclusive leasing partner for the full retail offering at Luma Park Views, which features a modern layout supported by on-site car parking and electric vehicle charging stations.

Haider Abduljabbar, Executive Director at TownX, stated:

“Our collaboration with Knight Frank is a key step toward developing integrated, community-focused developments that prioritise quality, sustainability, and overall user experience.”

The retail zone is designed to attract lifestyle and convenience brands that align with the residential community’s expectations, creating a walkable and engaging neighbourhood hub.

TownX’s Growth Plans and Upcoming Projects

Beyond JVC, TownX is planning to roll out more than 30,000 square feet of retail space at 11 Hills Park, a mixed-use development in Dubai Science Park. The project includes 558 residences, two sky pools, two fitness centres, and ample wellness amenities. It is scheduled for completion in Q1 2027.

The retail component at 11 Hills Park is supporting TownX’s expansion into high-growth residential and commercial areas.

New Land Acquisitions in Arjan

TownX has also completed the acquisition of new land in Arjan, valued at around $30 million (AED 110 million). The land offers over 400,000 square feet of sellable area, enabling TownX to scale up its development pipeline in emerging districts outside Dubai’s core areas.

This move marks a strategic step toward entering new master-planned communities and catering to a broader segment of the residential market.

Knight Frank's Role

Daniel Rosso, Senior Manager of Retail Commercial Agency at Knight Frank, emphasized the project’s strategic location and readiness for premium tenants:

“We’re excited to work alongside TownX to bring a strong lineup of lifestyle brands to Luma Park Views. This development has the potential to become a vibrant hub in JVC.”

TownX Development Portfolio

Established in 2017, TownX has delivered 967 residential units to date, with another 2,125 units under development across projects like Easy18, Easy19, Luma21, Luma22, and 11 Hills Park.

With a total development portfolio worth over $1.09 billion (AED 4 billion), the company continues to position itself as a key player in the mid-to-high-end residential segment of Dubai’s property market.