Abu Dhabi set for $381m-worth first City Centre outlet
City Centre Al Jazira, due for completion in 2021, will be developed following a joint venture between Majid Al Futtaim and Abu Dhabi’s Al Jazira Sports and Cultural Club
City Centre Al Jazira will be developed following a joint venture between Majid Al Futtaim and Abu Dhabi’s Al Jazira Sports and Cultural Club.
Construction of the $381.2m (AED1.4bn) project is set to begin in October 2017 and is scheduled for completion in early 2021.
The facility will be Abu Dhabi's first City Centre outlet.
The centre will include 153 retail stores, a Carrefour hypermarket, a 15-screen VOX cinema complex, Magic Planet family entertainment destination, a City Centre clinic, and a fitness centre, as well as indoor and alfresco dining choices.
City Centre Al Jazira's total leasable area is expected to be 8.05ha, within a built-up area of 21.5ha.
Remarking on the development, Saeed Mohammed Bin Butti Al Qubaisi, chairman of Al Jazira for Investment at Al Jazira Sports and Cultural Club, said: "We are thrilled by the opportunity to play a role in the creation of a new lifestyle destination that will bring people together in the heart of the capital."
Majid Al Futtaim’s announcement of City Centre Al Jazira marks the company’s latest investment into Abu Dhabi’s retail and entertainment sector.
This announcement is part of the retail pioneer’s plans to increase its total investment in the UAE by $8.2bn (AED30bn) by 2026, taking its total investment in the country to more than $13bn (AED48bn).