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Regional shopping, dining and leisure hub brings developer's shop space count to 17 million sq ft
Dubai, 1 September 2016 ... Dubai master developer Nakheel is adding yet another mall to its AED16 billion retail project portfolio, with a new, 1.2 million square foot shopping, dining and entertainment hub at Nad Al Sheba.
Nakheel, which now has almost 17 million sq ft of retail space in operation or in the pipeline, will build the regional mall at its upcoming Nad Al Sheba master community, where 1,500 villas are currently under construction.
The company has appointed global design consultants AE7 to oversee the design, engineering and construction supervision of Nad Al Sheba Mall, which will have 500,000 sq ft of retail space. A construction tender is expected to be released in Q4 2016.
One of 15 large-scale existing or forthcoming Nakheel retail projects, Nad Al Sheba Mall will feature around 200 shops, restaurants and entertainment outlets including a supermarket, department stores, multi-screen cinema, medical centre and fitness centre.
Nakheel Chairman Ali Rashid Lootah said: "Nad Al Sheba Mall is the latest addition to our rapidly-expanding retail project portfolio, which will see the delivery of 13 million sq ft of leasable space in the next three to five years, adding to the four million sq ft already in operation.
"The mall will be the vibrant centrepiece of our Nad Al Sheba community, providing on-the-doorstep facilities for residents and a new shopping, dining and leisure hub for people elsewhere in Dubai."
Spanning 2.5 million square feet, with extensive landscaping and parks, the Nad Al Sheba community includes 1,500 four and five bedroom homes for lease as well as a club house, community swimming pool, sports courts and, now, the Nad Al Sheba Mall.
Media contact: Rebecca Rees on +971 4375 9702 (Rebecca.rees@nakheel.com)
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 14 hotels/serviced apartments with nearly 5,200 rooms at various locations in Dubai, including Palm Jumeirah, Deira Islands, Ibn Battuta Mall, Jumeirah Village and Dragon City.
© Press Release 2016
