- Broker Directory
- My Tools
- News & Advice
- Market Trends
- Other GN Sites
The steady growth of population in Dubai and its neighboring northern emirates is driving the growth of the retail sector in Sharjah.
Many big malls have announced new retail developments in the emirate while some of the existing players are going for aggressive expansion.
The retail landscape in Sharjah will undergo a big transformation when Sharjah Mall, located on Shaikh Mohammed bin Zayed Road close to the Sharjah Golf and Shooting Club, will come up. The promoters claim that the project will take around four years and when fully complete, it will have more gross leasable area than Sharjah City Centre.
A total of Dh200 million is being invested by the Sharjah City Centre which is adding around 13,500 square meters of new retail space. As per the revamp plans, 28 new shopping and dining options will be unveiled.
Another popular destination for shopaholics – Sahara Centre – also increased its leasable area by 60 per cent in 2013 due to rising demand.
Besides big shopping centers, smaller neighborhood community malls are also making their presence felt in Sharjah.
My City Centre, spread across 5,540 square meters, was launched in the Nasseriya area this year. It features 21 stores and five food and beverage outlets.
Besides My City Centre, there are four neighborhood malls currently operating in Sharjah under the Matajer project. Matajer, which is the Arabic word for “shops,” brings top retail brands under one roof in residential areas. The retail area in Matajer is approximately between 1,850 and 7,400 square meters. The Matajer centers are located near Al Juraina, Al Khan, Al Mirgab and Al Quoz near Omran bin Tariam Square. There are plans to launch two more Matajer centers by early next year.
• The rising population and tourists drive Sharjah’s retail sector
• Sharjah Mall, bigger than Sharjah City Centre, to be built soon
• Sharjah City Centre will have 28 new shopping, dining options
Source: S. Dhar, Special to Properties
The writer is a freelancer