Monday 18 June 2018

The new 1.2 million-sq-ft destination in store
at growing residential community

Nakheel starts leasing at Nad Al Sheba Mall

DUBAI, May 15, 2017

Dubai-based leading real estate developer Nakheel has begun leasing at Nad Al Sheba Mall, a new, 1.2-million-sq-ft shopping, dining and entertainment destination at Dubai’s increasingly popular residential area of Nad Al Sheba.

Nad Al Sheba Mall, part of Nakheel Malls’ Dh16-billion ($4.4 billion) expansion, will have 200 shops, restaurants and entertainment outlets including a supermarket, department stores, multi-screen cinema, medical clinic and fitness centre spread across 500,000 sq ft of shop space.

Construction is due to begin in the fourth quarter (Q4) of 2017, with completion expected by mid-2020.
Located just off Sheikh Mohammed Bin Zayed Road, the mall will be the vibrant centrepiece of Nad Al Sheba, a well-populated community with around 11,500 high-end villas, mostly occupied by UAE nationals.

The area includes Nakheel’s upcoming Nad Al Sheba community, set in lush grounds spanning 2.5 million sq ft, and featuring 1,500 four- and five bedroom homes plus a clubhouse, swimming pool and sports courts. The community also features a 5-km cycling track – the first in Nakheel’s recently-announced Dh150 million scheme to bring a 105 km network of bike routes to Dubai.

Nakheel is set to become the region’s biggest retail developer, with 17 million sq ft of leasable space across 18 projects, including large-scale malls, souks and neighbourhood retail pavilions. Four million sq ft is already operational through Ibn Battuta Mall, Dragon Mart, Golden Mile Galleria and five neighbourhood Pavilions. – TradeArabia News Service

Tags: nakheel | Leasing |

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