Dubai developer Nakheel designs to make a one million square metre retail empire in Dubai.
Nakheel has unveiled numerous big projects will be tendered in 2015 as it aspires to develop onto the largest y three times that of The Dubai Mall. This retail empire will broaden from Deira shopping hub operator in the Emirate, with a view to growing its retail assortment to Jebel Ali.
The developer will look for tenders for its Deira Island Mall in January, a project that costs around AED1.7 billion to construct. The mall will have a store area of approximately 265,000m2 and has collaborated with a global resort operator to help administer the extensive project which is approximated to take three years to construct. The expansion will also consist of around 300 serviced apartments and 600 hotel rooms.
With the structure of numerous shopping hubs in Deira, Nakheel has also divulged plans for additional development of its Ibn Battuta mall, taking its total shop area to approximately 190,000m2. The mall is already being expanded under another agreement already revealed.
Nakheel plans to construct five hotels on the Deira Islands which could maneuver as many as 10 hotels by the end of the decade.
The Palm Deira was initially planned to be the largest of the developer’s three palm-shaped islands, but work ground to a halt partway through its reclamation. The Deira Islands project would have created part of the original Palm Deira near to the Deira seashore.