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Nakheel showcases projects at France property show

Nakheel has awarded construction contracts worth $1.2bn for retail projects in the last three years

The company has over one million sqm of retail space in the pipeline.
The company has over one million sqm of retail space in the pipeline.

UAE master developer Nakheel is set to showcase its Dubai retail projects during MAPIC, the annual international retail real estate show in Cannes.

Nakheel, who has over $3.9bn (AED14.5bn) worth of retail projects in Dubai, will highlight the opportunities offered by the emirate's retail and leisure scene at the event, which takes place this week and expects to attract over 8,000 delegates.

The company has over one million sqm of retail space in the pipeline through 10 projects anticipated for delivery over the next three to four years.

The projects – at various stages of design and construction – are Nakheel Mall and The Pointe on Palm Jumeirah; Deira Mall and Deira Islands Night Souk at the new Deira Islands coastal city; Al Khail Avenue and The Circle Mall at Jumeirah Village, one of Nakheel’s largest master communities; Warsan Souk at Warsan Village; two major extensions to the existing Ibn Battuta Mall and a large expansion at Dragon Mart, to be renamed Dragon City.

The company already operates 371,600 sqm of retail space at Ibn Battuta Mall, Dragon Mart and Golden Mile Galleria, which together have over 4,400 outlets. Nakheel’s retail pipeline will add 7,500 stores.

Nakheel Chairman Ali Rashid Lootah said: “Dubai is a global destination for tourism and trade, of which retail is a key element. As a major developer who has already delivered some of Dubai’s world-famous projects, Nakheel is bringing significant new opportunities for retailers and consumers through a major expansion into the retail development sector.
 

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Construction Week - Issue 753
Nov 09, 2019