Majid Al Futtaim, Al Jazira Club join forces to launch City Centre Al Jazira
Abu Dhabi’s first City Centre mall will include 153 retail and service stores
Abu Dhabi is on track to have its first City Centre mall, as per a statement from Majid Al Futtaim. The Dubai-based mall developer and operator is partnering with Al Jazira Club – a key Abu Dhabi football club – to invest $381m in the construction of City Centre Al Jazira.
The mall will have a total built-up area of 215,000sqm, while leasable space is expected to be 80,500sqm. It is to host 153 retail and service stores including a Carrefour Hypermarket, a 15-screen VOX Cinemas outlet, Magic Planet, as well as a clinic and fitness centre. Construction on the mall is set to begin in October of this year, with completion scheduled for early 2021.
“The Al Jazira Sports and Cultural Club is a renowned and long-time established institution that believes in empowering and developing communities. By joining forces with Majid Al Futtaim, 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, Abu Dhabi,” said Saeed Mohammed bin Batti Al Qubaisi, chairman of Al Jazira for Investment at Al Jazira Sports and Cultural Club.
City Centre Al Jazira will be located between the Airport Road and Al Muroor Road in the heart of Abu Dhabi, and is expected to serve the one million residents living in that part of the city.
“City Centre Al Jazira marks a significant investment from Majid Al Futtaim into the UAE capital, driven by Abu Dhabi’s growing and affluent residential market and world-class infrastructure development projects, from transportation to museums,” commented Ghaith Shocair, chief executive officer Shopping Malls, Majid Al Futtaim Properties.
“As part of Al Jazira Club’s vision to diversify its investments, the new shopping destination is an important addition to other investment projects which ensures the sustainability and diversity of Al Jazira Club’s portfolio,” added Mohammed Haji Khouri, Chairman of the joint venture.
The announcement of City Centre Al Jazira marks Majid Al Futtaim’s latest investment into Abu Dhabi’s retail and entertainment landscape. The company previously announced My City Centre Masdar, which is scheduled to open by the end of 2018.
