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Developer builds on trading hub's success with 375,000 sq ft retail complex
Dubai - Nakheel has awarded a contract for AED117.5 million to construct a new, 375,000 sq ft showroom complex at Dragon City in Dubai.
The developer has appointed Dubai-based Al Ghurair Contracting & Engineering Works LLC to deliver the new retail centre, which will have 18 showrooms and a multi-storey car park for 900 vehicles.
Construction of the showrooms will begin in two months' time, with completion Q4 2018. All of the 118,000 sq ft of leasing space has already been booked.
The Dragon City showroom project comes hot on the heels of Dragon Mart 2 - the new AED1 billion complex that doubled the size of the original Dragon Mart to 3.5 million sq ft when it opened earlier this year.
Dragon City, home of the world-famous Dragon Mart, is undergoing extensive expansion in the form of new retail, hospitality and residential components that, when complete, will bring the size of the development to 11 million sq ft. Its first hotel opened in February, with a construction tender for a second announced earlier this week. Nakheel is also building a twin-tower apartment complex with 1,120 units at Dragon City.
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About Nakheel (www.nakheel.com)
Nakheel is one of the world's leading developers and a major contributor to realising the vision of Dubai for the 21st century: creating a world class destination for living, business and tourism. Nakheel continues to deliver and enhance an iconic portfolio of innovative landmark projects in Dubai across the residential, retail, hospitality and leisure sectors.
Our master developments include Palm Jumeirah, The World, Deira Islands, Jumeirah Islands, Jumeirah Village, Jumeirah Park, Jumeirah Heights, The Gardens, Discovery Gardens, Al Furjan, Warsan Village, Dragon City, International City, Jebel Ali Gardens and Nad Al Sheba Community. Together, these span more than 15,000 hectares and currently provide homes for over 270,000 people. Nakheel has nearly 21,000 residential units under construction or in the pipeline.
Nakheel's current and future retail project portfolio covers more than 15 million square feet of leasable space. Retail destination developments include Ibn Battuta Mall, Dragon Mart 1 and 2, Nakheel Mall, The Pointe, The Golden Mile, Deira Mall, Deira Islands Night Souk, Warsan Souk, Al Khail Avenue, The Circle Mall and major extensions to Dragon Mart (renamed Dragon City) and Ibn Battuta Mall. Nakheel also has several neighbourhood community centres in operation or under development.
Our growing hospitality project portfolio comprises 10 hotels at various locations in Dubai, including Palm Jumeirah, Deira Islands, Ibn Battuta Mall and Dragon City.
Media contact: Rebecca Rees on +9714 375 9702 (Rebecca.rees@nakheel.com)
© Press Release 2016
