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)

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)

Retail Update: Abu Dhabi Marina Mall Expansion

National Investment Corporation (NIC) has announced the Plan of 300,000m2 expansion of Marina Mall Abu Dhabi is scheduled to commence in 2018.

Upgradation:
Upgradation of the mall’s existing facilities. Installation of LED screens, the renovation of existing store-front fixtures, and the enhancement of the mall’s luxury area and main entrance.

Extension:
South block, to have additional retail spaces, food and beverage (F&B) outlets, and a new residential tower. North block will be expanded to include a series of extra entertainment attractions.

New Promenade –  Marina Walk:
New Promenade –  Marina Walk, a 546m-long promenade that will offer 123,000m2 of leisure and entertainment activities, including Abu Dhabi’s first skate park. It will boast a gross leasable area (GLA) of 19,500m2, will feature a dining precinct, 15,000m2 of open park areas for community events, multiple water features, three helicopter pads, and 900 additional parking spaces.

Timeline:

  • Upgradation of existing facilities will start in H1 2018
  • Expansion & development of Marina Walk will start in Second half of 2018

Budget:

AED 3 Billion ( USD 816.7 Million)

 

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