Mango Tree Dubai, located in Souk Al Bahar will close after eight years following the conclusion of an agreement with its existing franchise partner.
Mango Tree Worldwide is looking to create a new flagship Thai restaurant in Dubai with new partners.
The company currently operates franchised restaurants around the world, including in London, Tokyo, Hong Kong and Washington DC, as well as its home base of Bangkok.
Mango Tree Worldwide managing director Trevor MacKenzie commented: “These are exciting times for Mango Tree as we seek new franchise or corporately-owned partners to maximise the opportunities for our brand in Dubai and across the region.
“We can only see a future full of promise as we look to take our restaurant concepts to the next level and commit to the region for the long term.”
MacKenzie said he has been in talks with developers and global hospitality brands in Dubai, who have been quick to recognise the opportunity to build on the brand’s equity in Dubai and take it to the next level of success in the Middle East.
“We will unveil our new restaurant in time for the high season as we finalise our partners,” MacKenzie said.
“Our key criteria is to work with a group or individual with vision and understanding of our three concepts – the signature Mango Tree lifestyle restaurant, Mango Tree BistroBar and Mango Tree Café.”
Mango Tree Worldwide finished 2015 with US $90 million in gross revenue across the group and expects to grow by 10% in 2016 as it continues its growth strategy in the UAE, China and Europe.
The first of the company’s restaurants in China just opened in Qingdao to be followed by a second location in Guangzhou in Q3 with a third to be announced shortly.
This month also marks the start of a relationship with Hilton Worldwide with a pop-up restaurant at Hilton Pudong in Shanghai.
In Europe, Mango Tree is poised to ink deals this year in Milan, Barcelona and Copenhagen following its European debut last year with a pop up Mango Tree restaurant in Milan at La Rinascente.