MAF launches $708m City Centre Al Zahia
Majid Al Futtaim has broken ground on the $708m (AED2.6bn) City Centre Al Zahia, scheduled to open by 2020
Majid Al Futtaim has broken ground on the $708m (AED2.6bn) City Centre Al Zahia, scheduled to open by 2020.
The 136,200sqm mall will be part of the Al Zahia community in Sharjah, a residential development that will include six themed parks, leisure facilities and 2,270 homes ranging from three-, four- and five bedroom villas, townhouses, and apartments.
The project will offer a mix of over 360 retail brands over two levels and will also include a 15,100sqm Carrefour Hypermarket, a VOX Cinemas with 16 screens incorporating the latest theatre technology, and a 2,350sqm Magic Planet family entertainment destination.
City Centre Al Zahia is expected to serve around 1.9 million people once complete and will attract residents from Sharjah and the Northern Emirates.
Ghaith Shocair, chief executive officer for shopping malls at Majid Al Futtaim Properties, said: “The scale and long-term vision of the Al Zahia community warrant a retail and entertainment destination of this size and scope, in line with Majid Al Futtaim’s strategy to create malls that meet the current and future needs of the residents and tourists we serve.
“When complete, City Centre Al Zahia will be the vibrant hub at the heart of this residential destination.”
City Centre Al Zahia’s ground-breaking comes following Majid Al Futtaim’s recent announcement that will see the company increase its total investment in the UAE by $8.1bn (AED30bn) by 2026, taking its total investment in the country to $13bn (AED48bn).
Majid Al Futtaim continues to invest in the redevelopment of its existing assets in the Northern Emirates as part of its strategic development plan.