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Nakheel signed a contract for the construction of Deira Mall for Dh4.2 billion.
United Engineering Construction will build the mall, the UAE's largest in terms of leasable space. Construction will begin in Q1 this year and be complete in 2021.
Deira Mall, part of Nakheel Malls' Dh16 billion expansion that will take its total retail space to over 17 million sqft, will have more than 1,000 shops, cafes, restaurants and entertainment outlets across 4.5 million square feet of leasable space, and a 3.8 million sqft multi-storey car park with 8,400 parking bays.
Deira Mall will be the centrepiece of Deira Central, Nakheel's nine million square feet mixed-use community at the heart of Deira Islands, containing 50 residential and hotel towers, retail, mosques and fitness facilities, all set in extensive parkland.
It is one of two large-scale retail destinations by Nakheel Malls at Deira Islands. The other, Deira Islands Night Souk, will be the world's largest night market, with 5,300 shops and almost 100 quayside cafes and restaurants. Construction is in full swing, with the project due for completion later this year.
- business@khaleejtimes.com
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