Construction

Nakheel opens latest project in $4.4bn retail plan

Opening of Al Furjan Pavilion sees value of retail projects opened in 2016 hit $400m

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The Dubai developer Nakheel has opened its latest shopping centre as part of its AED16 billion ($4.4bn) retail expansion plan.

Al Furjan Pavilion, which opened today, had a development value of AED110 million.

It is the fifth Nakheel Malls project to open this year and brings the company’s 2016 retail project delivery value to more than AED1.5 billion.

The centre has 24 shops, restaurants and services across 87,000 sq ft of leasable space, plus a car park for more than 300 vehicles, Nakheel said in a statement.

Retailers include a Spinneys supermarket, 10 food and beverage outlets and a variety of shops selling everything from books to beauty services. In addition, a medical centre and branch of the Jebel Ali Village Nursery will open soon.

The complex also features a sports and recreation hub with a restaurant, swimming pool, sports court and gym, scheduled to open by the end of Q1 2017. Nakheel is also set to build a mosque at the Pavilion, with construction starting next year.

Nakheel Chairman Ali Rashid Lootah said: “2016 has been a momentous year for Nakheel Malls, with AED1.5 billion worth of projects and over 1.5 million sq ft of retail space delivered. Al Furjan Pavilion is the heartbeat of this vibrant community, providing residents with somewhere to shop, dine, socialise, relax and keep fit, all in one convenient location. What better way to end the year than to celebrate this latest milestone for our retail business and for Al Furjan investors and residents?”

Other retail projects opened by Nakheel 2016 are Dragon Mart 2, Ibn Battuta phase one extension and Metro link, Club Vista Mare on Palm Jumeirah and International City Pavilion.

A second Nakheel Pavilion at Al Furjan, including a mosque for 500 people, is also under construction, with anticipated completion in Q1 2017. Located on the western side of the community, it will contain around 35 shops, restaurants and cafes, plus a gym and nursery.

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