Nakheel awards $1.1bn contract to build Deira Mall in Dubai

WCN Editorial Team 20 Feb 2018 ASIA BUSINESS

UAE-based master developer Nakheel has awarded a contract worth AED4.2bn ($1.1bn) to United Engineering Construction for the construction of its new shopping, dining and entertainment destination, Deira Mall, in Dubai.

With a total development value of AED6.1bn ($1.6bn), Deira Mall will be the centrepiece of Deira Central, Nakheel’s nine million ft2 mixed-use community, featuring 50 residential and hotel towers, retail, mosques and fitness facilities.

The mall feature a retractable glass roof that will bring natural light into the complex and allow for open-air shopping during cooler months.

Deira Mall forms part of Nakheel Malls’ AED16bn ($4.3bn) expansion that will take its total retail space to over 17 million ft2, will have more than 1,000 shops, cafes, restaurants and entertainment outlets across 4.5 million ft2 of leasable space, and a 3.8 million ft2 multi-storey car park with 8,400 parking bays.

Work on the mall will commence in the first quarter of 2018 and is scheduled to be completed in 2021.

Nakheel chairman Ali Rashid Lootah said: “Nakheel’s existing and upcoming developments are playing a vital role in delivering the Government of Dubai’s vision. Deira Mall combines cutting edge design, world-class facilities and a stunning location to bring a new dimension to Dubai’s retail sector.

“With its top-flight shopping, dining and entertainment offering, the mall will provide endless attractions for residents of Deira Islands, the wider UAE community and the millions of tourists who visit Dubai each year.”

Deira Mall is one of two large-scale retail destinations being developed by Nakheel Malls at Deira Islands. The other project, dubbed Deira Islands Night Souk, is touted to be the world’s largest night market, with 5,300 shops and almost 100 quayside cafes and restaurants. This project is due to be completed later this year.

Nakheel is also developing various hotels and resorts at Deira Islands, including an 800-room beachfront resort and waterpark via a joint venture with Spain’s RIU Hotels & Resorts, and a 600-room seafront resort under a partnership with Thailand’s Centara Hotels & Resorts.

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