On a quest to speed up pace on the retail projects, Nakheel, launched a 1.2 million square feet mall yesterday and the mall will be located at Nad Al Sheba. This project will be anchored deep into their community developments.
The project entails 1,500 villas and a 4 and 5 bedroom units (which will be for leasing). Construction has already begun.
The mall will also have 200 shops, restaurants and entertainment outlets
“Mall is the latest addition to our rapidly-expanding retail project portfolio, which will see the delivery of 13 million square feet of leasable space in the next three to five years, adding to the four million square feet already in operation,” said Ali Rashid Lootah, Chairman.
Nakheel’s collection includes the Dragon Mart complex, the construction Palm Tower and Ibn Battuta Mall (where a major expansion is on). Deira Islands Mall is next in line.
Nakheel’s retail projects are currently faced with pre-leasing interest.