Dubai-based retailer Chalhoub will open a 18,600 department store at new shopping centre
Local developer Aldar Properties has signed an agreement with the Dubai-based Chalhoub Group to open 18,600 square metres of retail space at Yas Mall.
The department store will sell products from more than 200 global brands featuring a large variety of concessions stores and designers.
Aldar says that 95 per cent of the mall is now committed ahead of the opening in November 2014. It adds that the remaining units will be leased on a selective basis to ensure they complement the existing retail mix, while bringing new experiences to Abu Dhabi.
The local/Belgian Six Construct Abu Dhabi won the estimated AED2bn ($544m) contract to build the mall in December 2011.
You might also like...
Amiral cogen eyes financial close
26 April 2024
Lunate acquires 40% stake in Adnoc Oil Pipelines
26 April 2024
Saudi Arabia's Rawabi Holding raises SR1.2bn in sukuk
26 April 2024
Iraq oil project reaches 70% completion
26 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.