NAKHEEL, UNEC SIGNS AED6.1BN CONTRACT FOR THE LARGEST SHOPPING CENTER IN THE MIDDLE EAST

Master developer Nakheel signed a contract for new shopping, dining, and construction of Deira Mall.

AED6.1bn is the entertainment center with a total development value and the largest shopping center in the Middle East.

Nakheel confirmed that the United Engineering Construction (UNEC) will build a contract worth AED4.2bn, the largest shopping mall in the UAE in terms of leasable space. Construction will start in the first quarter of 2018 and will be completed in 2021.

Deira Shopping Center, which is part of Nakheel Malls' expansion of the AED16bn and will increase its total retail area over 158 hectares, will have more than 1,000 stores, cafes, restaurants and entertainment venues in 42 hectares of leasable area, and a 35-story multi-storey car park. parking spaces. The star attraction of the mall, a retractable glass roof will bring natural light to the complex and allow open air shopping in the cooler months.

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Nakheel president Ali Rashid Lootah said, “The current and upcoming developments of Nakheel play a vital role in presenting the vision of the Dubai Government. Deira Mall combines the latest design, first-class facilities and stunning location to add a new dimension to Dubai's retail industry. The mall, which offers the best flight shopping, dining and entertainment, will provide Deira Islands residents, the wider UAE community and endless attractions for millions of tourists visiting Dubai every year. "

Deira Mall will be the center of Deira Central, Nakheel's 84ha mixed-use community, which includes 50 residential and hotel towers, retail outlets, mosques and fitness facilities, all located in a large parking area in the heart of the Deira Islands.

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Nakheel is building many hotels and resorts in the Deira Islands, including the 800-room beach resort and water park, and 600-room beach resort in partnership with Thailand's Centara Hotels through joint venture with RIU Hotels & Resorts. And Holiday Villages. The company also signed a Memorandum of Understanding with Hilton to manage a 250 room hotel and 200 serviced apartments in the Deira Islands under the DoubleTree brand. There are more hospitality deals.

The 15.3 km2 Nakheel's coastal city of Deira Islands traditionally transforms the area known as 'Old Dubai' into a world-class retail, tourism, lifestyle and entertainment center. When the project is completed, more than 250,000 people will live there. The four-island development, which adds 40km to the Dubai coast including 21km to the coast, paves the way for hundreds of tourism, entertainment and residential development, including hotels, resorts, serviced apartments, mixed-use buildings and beach houses.

For more information visit our website UNEC.CO