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4 UAE malls, projects to watch out for

Aug 7 - ORE Blog News

The ferris wheel off the JBR coast.

4 of UAE's biggest projects that will boost consumer spending

Some of these projects are likely to bring more cheer to Dubai shoppers

Dubai: In a country where shopping is a favourite pastime for residents with high disposable incomes, there is no shortage of malls, shopping centres and boutiques.

Every so often, a new development is being announced, be it a mega shopping complex on a man-made island or a series of retail shops to complement another larger-than-life landmark.


Between  2017 and 2020 alone, at least four mega developments that are currently under construction in the UAE are scheduled for completion, and they are expected to deliver more than 3,000 shops.

The developments include malls, as well as leisure and recreation facilities, that cost as much as $1.8 billion (Dh6.6 billion) to build. And all of these projects have one goal in common: to cash in on the spending power of UAE residents and visitors.

In 2016, shopping malls in Dubai, Abu Dhabi and the rest of the emirates, attracted more visitors than ever, with footfall numbers posting a 5.8 per cent increase, thanks mainly to the huge influx of tourists, shopping promotions and events, and a tax-free regime.

Sports Shoes | Sneakers

 

Deira Islands Mall - Deira Island

Aug 7 - ORE Blog News - Deira Island

Project type:  Retail facilities
Project value:  USD 1.8 billion
Project stage: Under construction
Completion date:  December, 2020
City/country:  Dubai, UAE
Developer : Nakheel
Highlights:  The project is a three-storey shopping mall with 620,000 square metres of retail, dining and entertainment space at Deira Islands. Its 2.9 million square feet of gross leasable area can accommodate 3,000 shops.

 

Dubai Eye - Bluewaters Island Development

Aug 7 - ORE Blog News - Dubai Eye

Project type: Leisure and recreation facilities
Project value: USD 272 million
Project stage: Under construction
Completion date: October, 2017
City/country: Dubai, UAE
Developer :  Meraas Holding
Highlights:  While it’s not a giant shopping complex per se, the development will include the construction of retail spaces, as well as residential, entertainment and hospitality offerings on an artificial island with a 210-metre Ferris wheel as a centrepiece.

 

Abu Dhabi Mall - Al Maryah Central

Aug 7 - ORE Blog News - Abu Dhabi Mall - Al Maryah Central

Project type: Retail facilities
Project value: USD 1 billion
Project stage: Under construction
Completion date: December, 2018
City/country: Abu Dhabi, UAE
Developer : Gulf Related
Highlights:  The project includes the construction of a 2.3 million-square-foot shopping centre, which will offer 400 retail stores, a food market, 145 cafes and restaurants and a premier health club.

 

Silicon Park - Dubai Silicon Oasis

Aug 7 - ORE Blog News - Silicon Park - Dubai Silicon Oasis

Project Type: Mega urban development
Project value: USD 354 million
Project stage: Under construction
Completion date: December, 2018
City/country: Dubai, UAE
Developer : Dubai Silicon Oasis Authority
Highlights: The project includes the construction of a shopping centre, 25,000 square metres of commercial space, a 115-room business hotel and underground parking for more than 2,500 cars. These facilities will be within a new integrated smart city at Dubai Silicon Oasis.

 

Maceda, C. (2017, August 07). 4 of UAE's biggest projects that will boost consumer spending. Gulf News. Retrieved from http://gulfnews.com/business/sectors/retail/4-of-uae-s-biggest-projects-that-will-boost-consumer-spending-1.2070023