Dubai’s Nakheel unveils Nad Al Sheba mall plan
1.2 million square foot shopping, dining and entertainment hub to be added to developer’s $4.4 billion retail project portfolio
Nakheel plans to build a 1.2 million square foot mall in the Nad Al Sheba area of Dubai, the developer said on Thursday.
A construction tender is expected to be released in the fourth quarter of 2016, the developer said in a statement.
The company has appointed consultants AE7 to oversee the design, engineering and construction supervision of Nad Al Sheba Mall, which will have 500,000 sq ft of retail space.
It is set to be built at Nakheel’s upcoming Nad Al Sheba master community, where 1,500 villas are currently under construction.
“One of 15 large-scale existing or forthcoming Nakheel retail projects, Nad Al Sheba Mall will feature around 200 shops, restaurants and entertainment outlets including a supermarket, department stores, multi-screen cinema, medical centre and fitness centre,” Nakheel said in a statement.
The signing ceremony with AE7. (Nakheel)
The shopping, dining and leisure hub will be added to Nakheel’s AED16 billion ($4.4bn) retail project portfolio.
The developer said it now has almost 17 million sq ft of retail space in operation or in the pipeline.
Nakheel Chairman Ali Rashid Lootah said: “Nad Al Sheba Mall is the latest addition to our rapidly-expanding retail project portfolio, which will see the delivery of 13 million sq ft of leasable space in the next three to five years, adding to the four million sq ft already in operation.
“The mall will be the vibrant centrepiece of our Nad Al Sheba community, providing on-the-doorstep facilities for residents and a new shopping, dining and leisure hub for people elsewhere in Dubai.”
