Local developer Nakheel has received bids for the contract to build Deira Mall on its Deira Islands development in Dubai.
Nakheel says that three proposals were submitted on 20 February deadline, and the lowest bid was AED4.2bn ($1.1bn).
Nakheel did not say who the bidders are, although it is understood that they are:
- Al-Ghandi (local)/Consolidated Contractors Company (CCC - Lebanon)/Shapoorji Pallonji (India)
- Al-Faraa Group (local)/Trojan (local)/Hyundai Engineering & Construction (South Korea)
- UNEC (local)
The three-level mall will have four million square feet of leasable space, with over 1,000 shops, cafes, restaurants and entertainment outlets.
Design features include an atrium that will have retractable roofs allowing natural light into the complex and open air shopping in the cooler months. There will also be a multi-storey car park with nearly 8,400 spaces.
Deira Mall will be the centrepiece of Nakheels AED5bn Deira Boulevard development that includes 16 residential towers, almost 2,900 apartments and extensive retail, restaurant and recreation space. Together, the mall and boulevard will have around 4.5 million square feet of shop space. Nakheel issued tender documents for the construction in January.
Nakheel is also developing the Deira Islands Night Souk, which when completed, will be the worlds largest night market with 5,300 shops and almost 100 quayside cafes and restaurants. The contractor is UNEC and completion is expected in 2018. Nakheel says all units at the Night Souk are fully leased.
Launched in October 2013, Deira Islands is a 15.3 square kilometre development that will add 40km, including 21km of beachfront to Dubais coastline. Plans for projects on the development include hundreds of tourism, leisure and residential developments including hotels, resorts, serviced apartments, mixed-use buildings and waterside homes.