Dubai’s MAF to spend $54m on mall upgrade
Dubai’s Majid Al Futtaim (MAF) will spend AED200m ($54.4m) on upgrade works at its Sharjah City Centre mall.
The refurbishment will include additional gross leasable retail space of 13,500 sqm, which will house a cinema and 28 new shopping and dining outlets, MAF Properties said in a statement.
“Sharjah City Centre ‘s expansion and refurbishment promotes the emirate’s wider aims to further develop its retail and entertainment landscape, and cater to the increasing needs of its growing population and increasing number of tourists,” said Dimitri Vazelakis, executive managing director, shopping malls, MAF Properties.
The statement added that the redevelopment would begin in summer 2014, but did not give a date for its completion.
MAF is Dubai’s largest mall operator and its portfolio includes Mall of the Emirates, Deira City Centre and Mirdif City Centre.