Nakheel on Tuesday announced plans for two new shopping destinations, offering a total of 1.5 million sq ft of retail space in Dubai.
The Dubai developer revealed plans for a 1 million sq ft regional shopping mall in Jumeirah Village Triangle and a 500,000 sq ft mall in Jumeirah Village Circle as part of its growing portfolio of retail projects.
The regional mall, located on Al Khail road, will feature a 15 screen cinema, an 80,000 sq ft hypermarket, an entertainment area, a department store and a selection of retailers, restaurants and cafes, Nakheel said in a statement without giving a value for the retail projects.
The mall will serve Nakheel ‘s communities including Al Furjan, Jumeirah Park, Jumeirah Village as well as Al Barsha area and all other surrounding areas.
Nakheel added that the second shopping mall located in Jumeirah Village Circle will also contain cinemas, a supermarket in addition to other retailers, restaurants and cafes.
Jumeirah Village is expected to accommodate about 300,000 people when the project is complete.
A Nakheel spokesman said: “Retail expansion is key to our business strategy and bringing new services and facilities to our community is one of our top priorities. These new shopping malls will further enhance new Dubai and provide exciting new destinations for Dubai’s residents and visitors.”
The new malls, for which designers will be appointed shortly, are among several new Nakheel retail projects underway.
The company is also building Nakheel Mall on Palm Jumeirah, a new mall on Deira Islands, extensions to Dragon Mart and Ibn Battuta and a number of neighbourhood shopping centres in its communities.