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Latest project in developer's AED16 billion retail expansion to break ground by year end
Dubai - Master developer Nakheel has released a construction tender for Nad Al Sheba Mall, its new, 1.4 million square foot shopping, dining and entertainment destination at the growing, high-end Nad Al Sheba area of Dubai.
The move comes a month after Nakheel Malls began leasing at Nad Al Sheba Mall, which will have 200 shops, restaurants and entertainment outlets including a supermarket, department stores, multi-screen cinema, medical clinic and fitness centre spread across 500,000 sq ft of shop space. Contracts for the first tenants are being finalised.
Construction of Nad Al Sheba Mall – the latest project in Nakheel Malls’ AED16 billion retail expansion – is expected to begin in Q4 2017, with completion in 2020.
Located just off Sheikh Mohammed Bin Zayed Road, it will be the vibrant centrepiece of Nad Al Sheba, a well-populated community with around 11,500 high-end villas.
The area includes Nakheel’s under-construction Nad Al Sheba community of 1,500 four and five bedroom villas with its own clubhouse, pool, sports courts and cycling track.
Nakheel Malls’ portfolio comprises 17 million sq ft of leasable space across 18 projects, including large-scale malls, souks and neighbourhood retail Pavilions. Four million sq ft is already operational through Ibn Battuta Mall, Dragon Mart, Golden Mile Galleria and five neighbourhood Pavilions.
For leasing opportunities, call +971 390 9999 or email info@nakheel.com
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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: 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.
Nakheel’s 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 18 hotels and serviced apartment developments with more than 5,800 rooms between them at various locations in Dubai, including Palm Jumeirah, Deira Islands, Ibn Battuta Mall, Jumeirah Village and Dragon City.
Media contact: Rebecca Rees on +971 4375 9702 (Rebecca.rees@nakheel.com)
© Press Release 2017
