Nakheel awards Dubai shopping mall construction deal

22 April 2018
Nad al-Sheba mall will be built by local contractor Metac

Local developer Nakheel has awarded the local Metac General Contracting Company the AED595m ($162m) contract to build its Nad al-Sheba Mall in Dubai.

The mall will have a total area of 1.4 million square feet. It will have 200 shops including two supermarkets - Spinneys and Union Co-op, department stores, a multi-screen cinema, medical clinic, fitness centre and restaurants and cafes. The total leasable area will be 500,000 square feet. Nakheel says the project has a total development value of AED825m. It is due for completion in 2021.

Located just off Sheikh Mohammed Bin Zayed Road, the mall is being built in the Nad al-Sheba district, which has over 11,000 high-end villas. The area includes Nakheel’s own community of 1,572 villas, 468 of which are being built by Metac under an AED781m contract awarded in 2015.

Nad al-Sheba Mall is part of Nakheel Mall’s AED22bn expansion that will take its total retail space to over 17 million sq ft. The construction award comes two months after the company formally awarded the AED4.2bn contract to build Deira Mall to the local Unec.

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.