The Mall of the World is the largest retail project planned in Dubai, but as the emirate’s population continues to grow, visitor numbers steadily rise, and it prepares to host the World Expo in 2020, most major developers are either building new shopping centres or expanding their existing ones.

MEED has calculated the value of individual shopping centres at more than $2.7bn. Below are are the largest, listed by value:

1. Mall of the World

The Mall of the World site as seen from Sheikh Zayed Road

Key details:

  • Estimated value: AED3.7bn ($1bn)
  • Size on completion: 743,000 square metres
  • Expected completion: 2017 (phase 1); 2022 (final completion)

Dubai Holding is developing Mall of the World, which has been designed to be the largest mall in the world.

The shopping centre will be built along Sheikh Zayed road on the Police Academy site opposite the existing Mall of the Emirates. Earlier plans in 2012 involved building the project as part of Mohammed bin Rashid City.

The 743,000 sq m mall will include a temperature-controlled, covered retail street network spreading over 7 kilometres, the world’s largest indoor family theme park, a wellness district catering to medical tourists, a cultural district comprising theatres based on New York’s Broadway, the Celebration Walk, similar to the Ramblas Street in Barcelona and shopping streets based on London’s Oxford Street. It will also have an arena accommodating 15,000 people.

2. Dubai Mall expansion

Dubai Mall

Key details:

  • Estimated value: AED1.4bn
  • Size on completion: 425,000 square metres
  • Expected completion: 2016

Emaar is developing the expansion to Dubai Mall, adding to its 350,000 sq m leasable space. It involves building a fashion avenue next to the existing mall, the lake, Burj Khalifa and the existing Address hotel, offering 75,000 sq m of retail space and about 25,000 sq m of parking.

UK-based Balfour Beatty has confirmed that its Dubai-based joint venture Dutco Balfour Beatty has been awarded the AED1.4bn contract to build the extension in April.

Further expansions are planned on the other side of Doha Road.

3. Nakheel Mall

Nakheel Mall

Key details:

  • Estimated value: AED1.2bn
  • Size on completion: 418,000 square metres
  • Expected completion: 2016

Dubai-based Nakheel is developing the 418,000 sq m mall will be built at the northern end of the trunk of the Palm Jumeirah. Due for completion in 2016, the complex will include 200 shops, 4,000 parking bays, two anchor department stores, a nine-screen cinema and six medical clinics. There will also be a roof plaza with 12 fine-dining restaurants, as well as several cafes and eateries inside.

In May, the AED1.2bn contract to build the mall was awarded to UAE firms United Engineering Construction (Unec) and Actco General Contracting Company. Singapore’s RSP is the consultant.

4. Dragon Mart expansion

Dragon Mart shopping mall, Dubai

Key details:

  • Estimated value: AED1bn
  • Size on completion: 335,000 square metres
  • Expected completion: 2014

The Dragon Mart expansion, also called Dragon Mart 2, is being developed by a company known as New Mall using a build-operate-transfer (BOT) contract, with Nakheel managing the contract until the transfer date.

For construction, there are several contractors working on the project. The local Kele Contracting and the local Unec are the main contractors for the new 177,000 sq m retail centre. Other elements of the project involve a 240-room Dragon Mart Hotel and a multi-storey car park for 2,000 vehicles.

5. Deira Islands Mall

Deira Islands, Dubai

Key details:

  • Estimated value: AED929m
  • Size on completion: 620,000 square metres
  • Expected completion: 2018

Nakheelis developing Deira Islands Mall on Island A of its Deira Islands development in Dubai.

Once complete it will be a 620,000 sq m retail, dining and entertainment hub for Deira Islands. Other schemes include: an Arab souk-style night market; a 250-room hotel; an amphitheatre for 30,000 people; and a boardwalk and marina that can accommodate large yachts.

In July, Nakheel officially awarded RSP a AED40m contract for design and engineering services on the project.

6. IMPZ Mall

Key details:

  • Estimated value: AED500m
  • Size on completion: 100,000 square metres
  • Expected completion: 2015 (phase 1)

Local developer Majid al-Futtaim Properties (MAFProperties) is developing a new shopping mall at Dubai’s International Media Production Zone (IMPZ).

The first phase of the single-level community mall will cover about 30,000 sq m and is scheduled to open in late 2015. It will have a Carrefour supermarket, other convenience stores, a cinema and a children’s entertainment area. Later phases of the mall will take the total area to 100,000 sq m.

The estimated AED500m ($136m) design and build contract for the first phase has been awarded Canada’s Brookfield Multiplex.

7. Jumeirah Village Triangle

Nakheel's Jumeirah Village Triangle, Dubai

Key details:

  • Estimated value: AED464.5m
  • Size on completion: 93,000 square metres
  • Expected completion: 2017

Nakheel is developing a 93,000 sq m regional mall in Jumeirah Village Triangle. It will feature a 15-screen cinema, an 80,000-square-foot hypermarket, an entertainment area, a department store and a selection of retailers, restaurants and cafes. Located on Al-Khail Road, the mall will serve Nakheel’s communities such as Al-Furjan, Jumeirah Park, and Jumeirah Village.

8. The Pointe

The Pointe, Dubai

Key details:

  • Estimated value: AED374m
  • Size on completion: 136,000 square metres
  • Expected completion: 2016

Nakheelis developing The Pointe on the Palm Jumeirah. The 136,000 sq m retail and entertainment complex, will be located at the tip of Palm Jumeirah, opposite the Atlantis hotel, and is scheduled for completion in 2016. The project includes a mix of shopping, dining and entertainment facilities, along with a fountain display

Nakheel awarded the $102m construction contract to Gulf Technical Construction Company (GTCC) earlier this year.

9. Bluewaters

Bluewaters

Key details:

  • Estimated value: AED300m
  • Size on completion: 60,000 square metres
  • Expected completion: Unknown

Local developer Meraas Holding is developing a 60,000 sq m retail centre as part of its AED6bn Bluewaters Island development off Dubai’s coast near Dubai Marina

The scheme also includes the AED1bn ($272m) Dubai Eye, which will be the world’s largest Ferris wheel. Other components of the project involve building retail, residential, hospitality and entertainment zones.

In January this year, South Africa’s Mirage Mille was appointed as the development manager for the project.

10. Jumeirah Village Circle

Jumeirah Village Circle, Dubai

Key details:

  • Estimated value: AED232.3m
  • Size on completion: 46,000 square metres
  • Expected completion: 2017

At Jumeirah Village Circle, Nakheel is developing a 46,000 sq m mall that will contain cinemas and a large supermarket, in addition to a variety of retailers, restaurants and cafes.

11. Ibn Battuta Mall expansion

Ibn Battuta Mall, Dubai

Key details:

  • Estimated value: AED160m
  • Size on completion: 353,160 square metres
  • Expected completion: 2015

Nakheel is developing the expansion to Ibn Battuta Mall. The 28,000 sq m expansion includes 150 new shops and a hotel. In May this year, Nakheel awarded the AED160m contract to the local United Engineering Construction (Unec).

12. Mall of the Emirates expansion

Mall of the Emirates, Dubai

Key details:

  • Estimated value: AED650m
  • Size on completion: 259,479 square metres
  • Expected completion: 2015

Dubai-based Majid al-Futtaim Properties (MAF Properties) is expanding its Mall of the Emirates.

The expansion will add 25,000 sq m of gross leasable area (GLA) and involves moving the mall’s cinema complex to a newly renovated area. The number of screens on offer in the mall will be increased from 14 to 24. Completion is planned for the first quarter of 2015. The contractor is the local Khansaheb Civil Engineering.

MAF Properties is also planning to build a new hotel tower, which will be about 30 storeys tall and will have 300-350 rooms.

A minor expansion to the mall opened on 14 February this year. It involved refurbishing a section of the mall above the Carrefour supermarket.

13. Festival City expansion

Fesitval City Mall, Dubai

Key details:

  • Estimated value: AED100m
  • Size on completion: 220,000 square metres
  • Expected completion: Unknown

The local Al-Futtaim Group is planning an expansion to its Dubai Festival City shopping mall. It recently received bids from contractors for the contract to build the first part of the expansion programme, known as milestone 1, which involves extending the atrium at the centre of the mall.

Later phases of the expansion will involve extending the mall across the waterway that runs alongside the shopping centre, adding 34,000 square metres of space. The contract for those works is expected to be tendered later this year.