4 of UAE’s Biggest Upcoming Retail Projects To Watch Out For

Published: 10 Aug 2017

4 of UAE’s Biggest Upcoming Retail Projects To Watch Out For

 

Dubai, a country where shopping is one of the most sought-after pastimes for residents with mid to high disposable incomes, there is never a shortage of malls, shopping centres or retail hotspots.

Between 2017 and 2020, at least four mega developments that are currently ongoing in the UAE are scheduled to be completed which are expected to deliver more than 3000 jobs.

These include malls, as well as leisure and recreational facilities that cost $ 1.8 Billion to build. BNC Construction Intelligence has identified four UAE projects that are underway and may further boost the retail sector.

 

Deira Islands Mall – Deira Island

   

Project type:  Retail facilities

Project value:  USD 1.8 billion
Project stage: Under construction
Completion date:  December, 2020
City/Country:  Dubai, UAE
Developer: Nakheel
Highlights:  The project is a three-storey shopping mall with 620,000 square metres of retail, dining and entertainment space at Deira Islands. Its 2.9 million square feet of gross leasable area can accommodate 3,000 shops.

 

Dubai Eye – Bluewaters Island

 

 

Project type: Leisure and recreation facilities
Project value: USD 272 million
Project stage: Under construction
Completion date: October, 2017
City/Country: Dubai, UAE
Developer: Meraas Holding
Highlights:  While it’s not a giant shopping complex per se, the development will include the construction of retail spaces, as well as residential, entertainment and hospitality offerings on an artificial island with a 210-metre Ferris wheel as a centrepiece.

 

Abu Dhabi Mall – Al Maryah Central

 

 

Project type: Retail facilities
Project value: USD 1 billion
Project stage: Under construction
Completion date: December, 2018
City/Country: Abu Dhabi, UAE
Developer: Gulf Related
Highlights:  The project includes the construction of a 2.3 million-square-foot shopping centre, which will offer 400 retail stores, a food market, 145 cafes and restaurants and a premier health club.

 

Silicon Park – Dubai Silicon Oasis

 

 

 

Project Type: Mega urban development
Project value: USD 354 million
Project stage: Under construction
Completion date: December, 2018
City/Country: Dubai, UAE
Developer: Dubai Silicon Oasis Authority
Highlights: The project includes the construction of a shopping centre, 25,000 square metres of commercial space, a 115-room business hotel and underground parking for more than 2,500 cars. These facilities will be within a new integrated smart city at Dubai Silicon Oasis.

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