Nakheel's retail projects sell fast

Real Estate NewsImage Credit: Courtesy of Nakheel

Nakheel announced 160 bookings by restaurants and retailers at new malls and community centres it is developing. More than 70 per cent of the retail space at Nakheel's 10,000-sq-m community centre at Al Furjan, which was launched for lease less than two weeks ago, is already taken, while 55 per cent of its International City neighbourhood mall is booked.

In addition, 120 retailers have staked their claim on Nakheel Mall - a 418,000-sq-m retail, dining and entertainment complex being built on Palm Jumeirah- accounting for 40 per cent of available retail space at the island's new centrepiece.

A Nakheel spokesman said: "Our upcoming projects - be they local community centres or world-class malls - will boost Dubai's economy by creating jobs in the construction, retail, hospitality, and the food and beverage sectors.”

Nakheel's retail portfolio also includes The Pointe at Palm Jumeirah, which recently opened for lease, a mall and night market at Deira Islands, Dragon Mart, Ibn Battuta Mall, and neighbourhood centres in Jumeirah Park and Discovery Gardens.



Source: Property Weekly


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