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· Al Jimi Mall to add 45,000 sqm GLA and 1200 more parking spaces
· 88 new stores and brands
· Extension to include eight screen Vox Cinema
Al Ain, Abu Dhabi — Al Jimi Mall, Al Ain’s first and favourite shopping and entertainment destination, has today revealed the progress of its extension, which will add 45,000 sqm of gross leasable area (GLA) when it opens in Q4 2018. The extension is currently about 80% complete, and, once complete, will include the city’s first outside ‘Retail Park’ concept, 88 new stores and Al Ain’s first eight screen Vox Cinema. To ensure easy access, the extension will also include 1200 extra car parking spaces, doubling the capacity of the mall’s current parking lot.
Located in the heart of Al Ain, Al Jimi Mall, which first opened in 2001, is owned and managed by Aldar Properties PJSC (Aldar), Abu Dhabi’s leading listed property development, investment and management company. Given Al Ain’s growing local population and vibrant business landscape, the city has become a key expansion market for Aldar’s retail portfolio.
To reveal the mall’s progress, members of senior management from Aldar Properties and Al Jimi Mall yesterday gave a behind-the-scenes tour to over 250 government officials and retailers. The new ‘Retail Park’ which will consist of several big box spaces, ranging in size from 1,500 sqm to 6,500 sqm, directly adjacent to the mall, was also showcased.
With these renovations, Al Jimi Mall will reshape Al Ain’s retail landscape with the introduction of exciting new brands including the city’s first Danube Home Store, United Furniture outlet and Jarir Book Store. Al Jimi Mall will also launch the largest Home Center in Al Ain and the city’s first stand-alone Abu Dhabi Islamic Bank. Al Jimi Mall also plans to blend shopping with al fresco dining and entertainment as the retail park will also add nine F&B outlets, a mesmerizing water feature and an events plaza along its terrace.
Brad Merchant, Director of Retail Asset Management at Aldar Properties, commented, ‘The latest renovations here at Al Jimi Mall are a testament to Aldar’s commitment to serve the needs of our local community and the people of the UAE. Al Ain is a key growth area for Aldar’s retail portfolio as it evolves to become a cultural and community hub. Through the combination of the innovative Retail Park, plus 88 new entertainment, retail and F&B tenants, we promise to offer Al Ain residents and tourists a unique and memorable shopping and leisure experience.’
Aldar has awarded contracts to three construction companies; Pivot Engineering & General Contracting, Tripoli Contracting & General Maintenance and Al Fahjan. The expansion project is managed by Jacobs and supervised by Allegiance Construction Group.
Aldar’s additional assets in Al Ain include Al Remal Mall, a unique shopping destination designed to integrate traditional Arabic architecture with modern facilities, and the Shabhat Plaza which offers a community-based retail experience.
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About Al Jimi Mall:
Al Jimi Mall is Al Ain’s first and favourite shopping and entertainment destination offering families and shoppers a wide variety of their favourite brands in the heart of the Garden City. The mall is currently undergoing a massive expansion and renovation programme to add a further 88 stores, including an 8-screen VOX cinema, and a retail park to the existing 94 outlets, bringing the total leasable area to 76,000 sqm.
An expansion to the north side of the Mall, the ‘Retail Park’ will consist of 10 big box retail units with sizes range from 1,500m to 6,500 sqm designed in a flexible way to accommodate different retailers’ area requirements, family dining and coffee shops, an event plaza and a front-door on grade parking for more than a thousand additional cars.
For further information, please contact:
Tara Mallon
Hanover Communications
+971 55 559 7396
About Aldar
Aldar Properties PJSC is the leading real estate developer in Abu Dhabi with USD10 billion in assets, a 75 million sq. m land bank, and through its iconic developments, it is one of the most well known in the United Arab Emirates, and wider Middle East region.
From its beginnings in 2005 through to today, Aldar continues to shape and enhance the urban fabric of the UAE’s Capital City in addition to other key areas of the Emirate.
Aldar develops exciting and innovative projects, such as the internationally recognized HQ building situated in the Al Raha Beach development, the Gate Towers in Shams Abu Dhabi on Al Reem Island, in addition to Yas Island’s F1 circuit.
Aldar’s shares are traded on the Abu Dhabi Securities Exchange (Stock quote: ALDAR:UH), and is a profitable, cash generative business that provides recurring revenues, and benefits from a diverse and supportive shareholder base. Aldar operates according to high standards of corporate governance and is committed to operating a long term and sustainable business in order to provide ongoing value for its shareholders.
Aldar seeks to create quality, comfortable, desirable destinations that enrich the lives of Abu Dhabi residents as well as tourists within the Emirate. Aldar is playing a leading role in the development and provision of world class retail - Yas Mall, international standard education through Aldar Academies, iconic entertainment venues such as the Yas Marina Circuit, and community amenities across its entire portfolio.
Aldar is driven by a vision to be the most trusted and recognized real estate lifestyle developer in Abu Dhabi and beyond.
www.aldar.com
