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)

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.

 

Union Properties announces The Central at MotorCity

Dubai-based developer Union Properties is set to further diversify its operations and revenue sources by opening two new fully-owned subsidiary companies – Dubai-based developer Union Properties is set to further diversify its operations and revenue sources by opening two new fully-owned subsidiary companies –

• Union Malls.
• Al Etihad Hotel Management.

Announcing the news at Cityscape Global 2017, Nasser Butti Omair bin Yousef, chairman, Union Properties, says, “Guided by a new management team, master plan and projects, Union Properties is beginning a new chapter in its proud history. We have identified the creation of divisions in the mall and hotel sectors as being key drivers for the next stage of Union Properties’ success that will serve to diversify our revenues while enhancing our communities.”Union Malls will provide retail and leisure options in Union Properties developments. Located in the heart of Motor City, its inaugural mall will be ‘The Central’, a 1.07 million-sqft complex spread over four floors offering shopping retail, dining and a wide range of leisure options.

The Central will be characterised by its sports offering and will feature –

• 250-metre indoor velodrome (fully-equipped for cyclist and their trainers).
• 700-metre indoor elevated running track.
• Indoor Olympic-sized swimming.
• Diving centre.
• Six indoor basketball courts.
• Medical suites for sports therapy.
• 17,000 sqft gymnasium.

In keeping with its location in MotorCity, the automobile will be the other defining characteristic of The Central.

“A museum will enable classic car owners and manufacturers to display their collections, while there will also be a centre for the sale of used and classic cars.”

“For 30 years, Union Properties has put liveability at the heart of our communities. The opening of our new Union Malls subsidiary is the natural extension of this commitment that will enable us to create fantastic new shopping and leisure destinations in key developments like MotorCity. With a uniquely broad offering that combines retail and dining with sports and automobiles, The Central will not only be a great new asset for community residents but also for people across the whole emirate of Dubai,” adds Yousef. Al Etihad Hotel Management is a fully-owned subsidiary of Union Properties set up to develop and manage luxury hotels and furnished residences in Dubai. It is expected to provide hospitality services and facilities management for approximately 3,000 serviced apartments and 3,500 hotel rooms throughout MotorCity, before expanding its business to the rest of Dubai and beyond.“Dubai is one of the world’s most dynamic travel and tourism destinations, with Union Properties well placed to serve the increasing levels of demand anticipated over the coming years. Al Etihad Hotel Management will give us access to this important market and add new infrastructure to our communities,” Yousef states.

Sharjah – Ongoing Retail Developments – Malls

Sharjah is adding retail space  by adding new malls adding expansion of existing shopping malls in the new master-planned developments in suburbs and redevelopment of urban areas and sustain growth of the emirate as an ideal family tourism destination and a retail hub. Sharjah Tourism Vision 2021 aims to attract more than 10 million tourists by the year 2021, when the UAE would celebrate 50th year of her founding.

Sharjah will add over 3 mn sq.ft of retail space by 2020 

The following are the major developments in Retail happening right now in Sharjah

  1. 06 Mall, Juraina, Sharjah – Near completion
  2. Al Zahia City Centre (by Sharjah Holding & MAF Properties) – Under Construction
  3. Sharjah City Centre Expansion & Refurbishment (by MAF Properties) – Ongoing
  4. Safari Mall, Muwaileh, Sharjah – Substructure Works 
  5. Sharjah Oasis Mall, Al Ghubaiba, Sharjah (by Landmark Group)
  6. Khorfakkan Mall, Al Mudaifi, Khorfakkan (by Al Hamadi Real Estate)

Fitout Guru - Sharjah

Expo 2020 Dubai offering SMEs an opportunity to ‘Meet the Buyers’

  • MEvent: “Meet the Buyers” Events.
  • Location: Dubai
  • Date: 10-05-2017 (May 10)
  • To Register:  http://rsvpexpo2020dubai.com
  • Expo’s e-Sourcing portal:  https://esource.expo2020dubai.ae  (To find out more about upcoming opportunities for participation in the tender process, register on the e-Sourcing portal)

The events will be attended by Procurement team from the following fields,

  • construction
  • event management
  • operations
  • marketing and communications.
  • logistics,
  • facilities management,
  • vehicles – including alternative fuelled, mechanical handling equipment,
  • warehousing
  • technology.

In 2017, more than AED 11 billion in construction contracts and a further AED 360 million in non-construction contracts will be awarded by Expo 2020 Dubai – more than AED 2 billion of which will be passed on to SMEs over the course of the deals.

For further details, Please check the Dubai Expo Website: http://www.expo2020dubai.ae/en/media%20centre/press%20releases/meet%20the%20buyers/