Market Update – Deferment of Mall Opening Date
Project: City Centre Al Zahia
Location: Sharjah, UAE
Opening: March 2021
Capacity: 360+ Stores
Status: Fit-out Stage
Majid Al Futtaim has announced a new opening date for its upcoming mall in Sharjah – City Centre Al Zahia. Now set to open in March 2021, the decision allows tenants sufficient time to prepare for their new store openings and ensure they can provide a compelling customer experience.
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)
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 – New Mall
Project: Mirkaaz, Ajman
Location: Dubai, UAE
Expected Completion: End of 2019
Capacity: 100+ Shops
(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)
Market Update – New Mall
Project: Reem Mall
Location: Abu Dhabi, UAE
Capacity: 450 Stores (85 F&B)