Project to be completed by Q4 2018, master developer says
Construction of Nakheel’s third expansion at Dragon City – a $46 million showroom and car park complex – has reached the 80% mark, with construction scheduled to be completed by Q4 2018, the master developer has announced.
The new facility is the latest in Nakheel’s ongoing retail, hospitality and residential expansion of Dragon City, which will bring the overall size of the mixed-use development to 11 million square feet.
Managed by the retail arm of Nakheel – Nakheel Malls – the 375,000sqft complex comprises of 118,000sqft of ground floor showroom space and a multi-storey carpark for 900 vehicles.
Dragon City is already home to Dragon Mart, which is touted as the world’s largest Chinese retail and trading hub outside China and its sister mall, Dragon Mart II, which opened in 2015.
Nakheel’s first hotel – an ibis Styles with 251 rooms – opened at Dragon City in 2016 and a 304-room Premier Inn is under construction. Meanwhile, Nakheel’s Dragon Towers, a twin-building residential development with 1,120 apartments, is set to break ground in Q3 this year, the developer added.