- Broker Directory
- My Tools
- News & Advice
- Market Trends
- Other GN Sites
Real estate developer Gulf Related last week broke ground on Al Maryah Central, a 2.3-million-sq-ft super-regional shopping centre located at the core of Al Maryah Island in Abu Dhabi. The new retail centre is expected to open in March 2018.
An agreement was also recently signed that will open two iconic US department stores, Macy's and Bloomingdale's, in Al Maryah Central. In addition, Al Tayer Group will operate more than 20 inline retail stores representing approximately one third of Al Maryah Central's total leasable space.
The fully financed superregional shopping centre is part of a 3.1-million-sqft mixed-use development, which will include 2.3 million sq ft of retail and an adjoining luxury hotel and residential towers. Designed by US architectural firm Elkus Manfredi, the development will provide a climate-controlled shopping, dining and entertainment destination.
Ken Himmel, Co-Managing Partner of Gulf Related, said, ''We are thrilled to commence construction on Al Maryah Central and bring to life a world-class, destination-making offering
evolving from the remarkable response by the retail community to The Galleria on Al Maryah Island.
''We are confident Al Maryah Central will achieve our vision as the greatest shopping experience in the region and open up the world of retail, entertainment and dining within the Abu Dhabi community. It also represents a further catalyst in the rapid development of Al Maryah Island.''
Anchored by Macy's and Bloomingdale's, Al Maryah Central will offer a comprehensive merchandise mix of both luxury and contemporary brands, extensive entertainment options, a
20-screen cinema, healthclub, food market, children's entertainment and rooftop parks that include an outdoor amphitheater for film screenings and events.
In addition to a unique food hall, Al Maryah Central will host more than 90 dining options, including al fresco cafés, bistros and fine dining restaurants overlooking a waterfront promenade.
Read about Abu Dhabi realty market which continues to rise
Source: Property Weekly