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

 

Dubai hotel room construction pipeline tops 29,200

Dubai has the biggest hotel room construction pipeline in the Middle East and Africa, according to new figures released by analysts STR.

Its October 2017 Pipeline Report showed that the emirate currently has 29,226 hotel rooms in 95 projects in various stages of planning.

That’s nearly 5,500 more rooms than the Saudi holy city of Makkah, STR said.

Other prominent Gulf cities with major hospitality projects include

  • Doha (8,878 rooms in 38 projects),
  • Riyadh, Saudi Arabia (6,349 rooms in 29 projects)
  • Abu Dhabi (4,124 rooms in 12 projects).

The report showed a total of 166,774 rooms in 580 hotel projects under contract in the Middle East.

Under contract data includes projects in the in construction, final planning and planning stages but does not include projects in the unconfirmed stage.

The under contract total in the Middle East in October represents a 5.1 percent increase in rooms compared to October 2016.

Specifically in the in construction phase, the Middle East reported 99,790 rooms in 314 projects, up 18.1 percent on a year-over-year basis.

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