Local developer Nakheel and Al-Nasr Cultural & Sports Club have formed a joint venture to develop a AED300m ($82m) mall in the Al-Khawaneej area of Dubai.
The mall will have a total built-up area of 775,000 square feet, including 330,000 square feet of leasable space.
Managed by Nakheel Malls, the retail subsidiary of Nakheel, the project will have ground floor parking for nearly 700 vehicles and three floors of shops, restaurants and entertainment outlets, including anchor stores, a supermarket, cinema complex, fitness centre, fun zone and food court.
Nakheel is developing other shopping centres with joint venture partners. In early April it signed an agreement with the Sharjah Investment and Development Authority (Shurooq) to develop a AED75m community retail centre in Sharjah.
Design work is under way – and Nakheel says details of the project will be unveiled this year.
You might also like...
Ruwais LNG full EPC award expected in June
29 March 2024
PIF entity makes $1bn Lucid placement
29 March 2024
Petro Rabigh awards KBR maintenance contract
29 March 2024
Diriyah Company seeks firms for demolition work
29 March 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.