Dubais biggest mall set for delivery in 2020

Dubai, 12 April 2017

Master developer Nakheel today awarded a construction contract to build Deira Mall Dubais biggest shopping, dining and entertainment destination in terms of retail space with a total investment of AED6.1 billion.  

Nakheel has appointed United Engineering Construction LLC to build the mall, under a contract valued at AED4.2 billion. Construction will begin in Q3 this year, with completion in 2020.

With four million square feet of leasable area, Deira Mall will be the biggest in Dubai in terms of shop space.  

It will be located on a four million sq ft site, where vibro-compaction work is under way, at the heart of Deira Islands, Nakheels new, 15.3 sq km waterfront city that is part of Dubais 2021 vision. The four-island development, which will transform the area traditionally known as Old Dubai into a world-class retail, tourism, living and leisure hub, will be home to more than 250,000 people when complete.

With a total built-up area of 10.3 million sq ft, including a 3.8 million sq ft multi-storey car park with 8,400 spaces, Deira Mall will feature over 1,000 shops, cafes, restaurants and entertainment outlets across three floors. The state-of-the art development will boast a retractable roof, bringing natural light into the complex and allowing open-air shopping in cooler months.

Deira Mall will be the centrepiece of Deira Boulevard, a new AED5 billion Nakheel community with 16 residential towers, nearly 3,000 apartments and extensive retail, restaurant and recreation space. Together, Deira Mall and Boulevard will have 4.5 million sq ft of shop space. A construction tender for Deira Boulevard was released in January this year.

Deira Mall is one of two large-scale retail projects by Nakheel Malls at Deira Islands. The other, Deira Islands Night Souk, is set to become the worlds largest night market, with 5,300 shops and almost 100 quayside cafes and restaurants. Construction is in full swing, with the project due for completion in 2018. All units at the Night Souk are fully leased.

Deira Islands will add 40km, including 21km of beachfront to Dubais coastline and pave the way for hundreds of tourism, leisure and residential developments including hotels, resorts, serviced apartments, mixed-use buildings and waterside homes. Nakheel has signed joint venture partnerships with Spains RIU Hotels & Resorts and Thailands Centara Hotels and Resorts to create two beachfront resorts at the islands, with more hotel deals on the way.  

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Media contact: Rebecca Rees on +971 4375 9702 (Rebecca.rees@nakheel.com )

About Nakheel (www.nakheel.com )
Nakheel is one of the worlds leading developers and a major contributor to realising the vision of Dubai for the 21st century: to create 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.  Together, these span more than 15,000 hectares and currently provide homes for over 270,000 people. Nakheel has more than 21,000 residential units under construction or in the pipeline.

Nakheels current and future retail project portfolio covers nearly 17 million square feet of leasable space.  Developments include Ibn Battuta Mall, Dragon Mart 1 and 2, Golden Mile Galleria, Nakheel Mall, The Pointe, Deira Mall, Deira Islands Night Souk, Warsan Souk, Al Khail Avenue, The Circle Mall and Nad Al Sheba Mall, as well as major extensions to Dragon Mart (renamed Dragon City) and Ibn Battuta Mall.  The retail profile also includes several neighbourhood community centres.

Our growing hospitality project portfolio comprises 16 hotels and serviced apartment developments with more than 5,300 rooms between them at various locations in Dubai, including Palm Jumeirah, Deira Islands, Ibn Battuta Mall, Jumeirah Village and Dragon City.

Press Release 2017