Market Update – Extension of Al Jimi Mall, Al Ain

Market Update – Extension

Project: Al Jimi Mall Extension
Location: Al Ain, UAE
Expected Completion: Q4 2018
Extension:  88 new stores & Al Ain’s first eight screen Vox Cinema.
Status: – Extension is under Construction

(Addition of 484,000 sqft of gross leasable area (GLA) i.e. innovative Retail Park, plus 88 new entertainment, retail and F&B tenants, Al Ain’s first eight screen Vox Cinema. Addition of 1200 car parking spaces)

Dubai retail giant opens first Ras Al Khaimah Mall

My City Centre Al Dhait is part of Majid Al Futtaim’s plan to raise UAE investments by AED30bn by 2026,

Dubai-based retail giant Majid Al Futtaim has announced the opening of its first shopping destination in Ras Al Khaimah.
The company said My City Centre Al Dhait aims to meet the everyday dining, lifestyle and retail needs of Ras Al Khaimah’s fastest-growing communities.

“Today we underscore Majid Al Futtaim’s commitment to delivering a unique retail experience to fast-growing communities around the region with the opening of My City Centre Al Dhait, our first shopping destination in Ras Al Khaimah and the latest addition to the growing My City Centre brand in the UAE,”
said Ghaith Shocair, CEO – Shopping Malls, Majid Al Futtaim – Properties.

The AED68.5 million mall, which has a gross leasable area of 5,494 square metres, houses more than 30 regional and international lifestyle brands.
My City Centre Al Dhait is Majid Al Futtaim’s third My City Centre mall in the UAE, a neighbourhood shopping and dining destination created specifically for nearby residential and commercial communities.
The company said the opening of My City Centre Al Dhait reinforces its commitment made in 2016 to increase investments in the UAE by AED30 billion by 2026, taking its total investments in the UAE to AED48 billion.

My City Centre Al Dhait complements Majid Al Futtaim’s additional investments in the Northern Emirates, which include the expansion of both City Centre Ajman and City Centre Sharjah in 2018.

 

Market Update – Mirkaaz, Ajman

Market Update – New Mall

Project: Mirkaaz, Ajman
Location: Dubai, UAE
Expected Completion: End of 2019
Capacity: 100+ Shops
Status: –

(The mall will feature international restaurants, a cinema, a family entertainment area, botanical gardens, a health and fitness centre, and a hypermarket

Mirkaaz will be the first mall in the UAE to feature a sprawling atrium roof)

City Centre Mirdif 91m USD revamp (June 2018)

Majid Al Futtaim gives update on enhancements at City Centre Mirdif, set for completion in early 2018, is part of the mall operator’s commitment to enhance customer experience, the company said in a statement.

The Enhancement includes

  • an innovative parking guidance system that enables arriving guests to easily identify available parking spaces and electronically locate their cars after a trip to the mall.
  • 500 existing parking spaces have been upgraded
  • the expansion will add over 1,000 car parking spaces on the new upper deck and new entry and exit points.
  • City Centre Mirdif’s VOX Cinemas expansion project (to include 10 new screens – six new standard and four new THEATRE by Rhodes auditoria – as well as a lounge and public amenities.) is scheduled for completion in June 2018.

Majid Al Futtaim’s overall UAE strategy to open by the end of 2020.

10 new City Centre destinations –  28 Cinemas – 40 Carrefour supermarkets

 

Work starts on new $380m super mall in Abu Dhabi

Retail giant Majid Al Futtaim says ,
“City Centre Al Jazira will be its first super-regional mall in the UAE capital”

Construction work has started on a new AED1.4 billion ($380 million) lifestyle destination in Abu Dhabi, with an opening slated for 2021.

An official ground-breaking ceremony has taken place for City Centre Al Jazira which will include 153 stores,

• Carrefour Hypermarket.
• Magic Planet [family entertainment destination]
• Fitness centre.
• Alfresco dining choices.

Total leasable area is expected to be 80,500 sq m within a built-up area of 215,000 sq m, said operator Majid Al Futtaim in a statement.
The project is a joint venture between Majid Al Futtaim and Al Jazira Sports and Cultural Club.
“We believe in empowering our community, and we are thrilled to partner with Majid Al Futtaim which will allow us to have the opportunity to have a major role in building a new lifestyle destination in the heart of Abu Dhabi,” said Saeed Mohamed Bin Butti Al Qebaisi, chairman of Al Jazira Investment.
“We are delighted to partner with Al Jazira Sports and Cultural Club to bring our first ever City Centre mall to the capital,” added Ghaith Shocair, CEO, Shopping Malls, Majid Al Futtaim – Properties.
He said the new super-regional mall is scheduled to open its doors in early 2021 and is part of Majid Al Futtaim’s plan to increase its total investment in the UAE by AED30 billion by 2026, taking its total investment in the country to AED48 billion.
In addition to City Centre Al Jazira, the company recently announced the up-coming My City Centre Masdar, set to open by 2019 in the capital.