MAF reveals $74.8mn City Centre Me'aisem
Phase one of development in IMPZ Dubai set to open Q3 2015
Majid Al Futtaim has revealed plans for its newest city centre shopping mall, City Centre Me'aisem.
Located in the Me'aisem area of International Media Production Zone (IMPZ) in Dubai, Phase 1 - valued at AED275mn ($74.8mn) - of City Centre Me'aisem will feature 60 international outlets, set within a spacious one million square feet of land, allowing for planned future expansions by 2020.
"City Centre Me'aisem is another milestone in Majid Al Futtaim's AED3bn ($816.7mn) investment programme, and fulfills a growing demand for an integrated shopping and lifestyle destination within the burgeoning IMPZ and surrounding areas," said Dimitri Vazelakis, executive managing director - shopping malls - Majid Al Futtaim - Properties.
"The mall's considered retail mix will serve the immediate needs of residents and working professionals, and bearing the design and service excellence expected of the trusted City Centre brand."
The project was first announced in March this year and phase 1 of City Centre Me'aisem will open by Q3 2015, unveiling a diverse offer of popular fashion and lifestyle brands, casual dining restaurants in addition to cafés and fast food chains and convenience-oriented outlets such as banking and mobile services.
Residents in the community will also have immediate access to a 91,903ft2 Carrefour Hypermarket, a 6,243ft2 Magic Planet family entertainment centre, featuring redemption games, rides and soft play areas and other services such as a walk-in medical clinic, serving the needs of residents and daily commuters.
City Centre Me'aisem's retail mix will cater to the diverse needs of its primary audiences - residents in the surrounding communities of Victory Heights, Jumeirah Golf Estates, Jumeirah Village Triangle, Jumeirah Village Circle, Motor City and Arabian Ranches as well as professionals working in IMPZ's commercial zone.
With approximately 750 car park spaces, spacious common areas, natural lighting and lush, landscaped outdoor seating areas, City Centre Me'aisem aims to be a vibrant and focal meeting point for residents and employees in the community.
The shopping mall is strategically located at the intersection of Al Khail Road and Sheikh Mohamad Bin Zayed Road in IMPZ, a 43mn ft2 site developed by Tecom Investments, covering commercial, light-industrial, residential and retail facilities.