Dubai - Construction of Nakheel’s third expansion at Dragon City – an AED169 million showroom and car park complex – has reached the 80 per cent mark, with completion due in Q4 2018, the master developer announced today.

Managed by Nakheel Malls, the retail arm of Nakheel, the 375,000 square foot complex comprises 118,000 sq ft of ground floor showroom space – all of which has been leased – and a multi-storey car park for nearly 900 vehicles.

The new facility is the latest in Nakheel’s ongoing retail, hospitality and residential expansion at Dragon City which will bring the overall size of the mixed-use development to 11 million sq ft.

Dragon City is already home to the globally-famous Dragon Mart, the world’s largest Chinese retail and trading hub outside China and its sister mall, Dragon Mart 2, which opened in 2015. Nakheel’s first hotel – an ibis Styles with 251 rooms – opened at Dragon City in 2016 and a 304-room Premier Inn is under construction. Meanwhile, Nakheel’s Dragon Towers, a twin-building residential development with 1,120 apartments, is set to break ground in Q3 this year.

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About Nakheel (www.nakheel.com):

Nakheel is a world-leading developer 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 around 25,000 residential units under construction or in the pipeline.

Nakheel’s retail arm, Nakheel Malls, is the Middle East’s largest retail developer, with 17.5 million sq ft of leasable space across 19 projects, including large-scale destination malls and souks, F&B destinations and community shopping centres. Assets include the world-famous Ibn Battuta Mall and Dragon Mart, both of which continue to undergo major expansions. Upcoming projects include Nakheel Mall on Palm Jumeirah; Deira Mall at Deira Islands; Al Khail Avenue at Jumeirah Village and more.

Our growing hospitality project portfolio comprises 18 hotels and serviced apartment developments with over 6,500 rooms and hotel apartments between them at various locations in Dubai, including Palm Jumeirah, Deira Islands, Ibn Battuta Mall, Jumeirah Village and Dragon City. Two are currently open and operational, with the rest at various stages of construction and development.

Media contact: Rebecca Rees on +9714 375 9702 (Rebecca.rees@nakheel.com)

© Press Release 2018

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