Restaurants and retailers are hungry for space at Nakheel’s new malls and community centers, with 160 bookings confirmed at of the developer’s upcoming retail projects, the company announced.
More than 70% of space at Nakheel’s 10,000 m² community center at Al Furjan–launched for lease less than two weeks ago–is already taken, while 55% of Nakheel’s International City neighborhood mall is booked.
In addition, 120 retailers have staked their claim on Nakheel Mall–a new, 418,000 m² retail, dining and entertainment complex on Palm Jumeirah–accounting for 40% of available retail space at the island’s new centerpiece.
A Nakheel spokesman said: “Our upcoming projects–be they local community centers or world class malls–will boost Dubai’s economy by creating jobs in the construction, retail, hospitality and the food and beverage sectors. In turn, this will support Dubai’s tourism industry and contribute to the government’s tourism vision for 2020.”
Nakheel’s growing retail portfolio also includes The Pointe at Palm Jumeirah, a 136,000 m² waterfront shopping and dining complex, open for lease this week; a mall and night market at Deira Islands; Dragon Mart Mall and Ibn Battuta Mall, both of which are undergoing significant expansion; and neighborhood centers in Jumeirah Park and Discovery Gardens.
Source: Nakheel
