Arabtec wins $99m contract for new mall in Dubai South
Work on the new mall to begin this month, which will have 83,000m2 built-up area over three levels
Arabtec has won a $98.8m (AED363m) contract to build a new mall in Dubai South, a 145km2 development in Dubai, according to press statement released by the company.
The mall will be built at the Emaar South project, a joint venture between Emaar Properties and Dubai South.
Emaar South plans to build more than 15,000 homes in its development that will include the new mall, hotels, community parks, schools and other facilities.
Arabtec said that the mall will have 83,000m2 built-up area over three levels.
Work is set to start on site this August, the press statement said.
Dubai South houses the Al Maktoum International Airport, the Expo 2020 site, a logistics district and a residential district containing up to 10,000 new homes. The development will ultimately sustain a population of one million.
Earlier this month, Emaar Malls reported a net profit worth $278m (AED1.02bn) in the first half of 2017, a 3% increase over H1 2016's $269m (AED987m).
Currently Emaar Malls’ assets includes The Dubai Mall, Dubai Marina Mall, Souk Al Bahar, Gold & Diamond Park, and community shopping centres.