Nakheel awards $32m deal for Dragon City showrooms
The developer has appointed Dubai-based Al Ghurair Contracting & Engineering Works LLC to deliver the new retail centre
Dubai developer Nakheel has awarded a contract for $39m (AED117.5m) to construct a new 34,838m2 showroom complex at Dragon City in Dubai.
The developer has appointed Dubai-based Al Ghurair Contracting & Engineering Works LLC to deliver the new retail centre, which will have 18 showrooms and a multi-storey car park for 900 vehicles.
Construction of the showrooms will begin in two months’ time, with completion by Q4 2018.
All of the 10,962m2 of leasing space has already been booked.
The Dragon City showroom project comes directly after Dragon Mart 2 – the new $272m (AED1bn) complex that doubled the size of the original Dragon Mart to 325,160m2 when it opened earlier this year.
Dragon City, home of the Dragon Mart, is undergoing extensive expansion in the form of new retail, hospitality and residential components that, when complete, will bring the size of the development to one million square metres.
Its first hotel opened in February this year, with a construction tender for a second announced earlier this week.
Nakheel is also building a twin-tower apartment complex with 1,120 units at Dragon City.