Another Dh1 billion shopping mall to open in Dubai

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Another Dh1 billion shopping mall to open in Dubai
Sheikh Ahmed Bin Saeed Al Maktoum, President of UAE Civil Aviation and Chairman, Chief Executive of Emirates Airlines and Group being briefed about the Silicon Mall in the presence of Dr Al Mohammed Zarooni by Yusuffali MA, Chairman of Lulu group and other top executive.

Dubai - The project consists of a 3-storey mall spread over an area of 83,000 square meters in Dubai Silicon Oasis.

By Staff Reporter

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Published: Wed 19 Apr 2017, 1:24 PM

Last updated: Thu 20 Apr 2017, 11:34 AM

Dubai is known as the land of swankiest malls and the biggest international brands. But the city is ready to add another shopping landmark with the Lulu Group announcing the launch of a new mall costing Dh1 billion.

The foundation stone for a new state-of-the-art shopping mall was laid in Silicon Oasis on Wednesday by Sheikh Ahmed bin Saeed Al Maktoum, President of UAE Civil Aviation and Chairman, Chief Executive of Emirates Airlines and Group, in the presence of officials from the two joint venture partners, Silicon Oasis Authority and Lulu Group International.
The project consists of a 3-storey mall spread over an area of 83,000 square meters in Dubai Silicon Oasis. The shopping complex will include a 8,940-square meter hypermarket, a 7,600-square meter department store, a 34,593-square meter array of retail shops and services, dining options, comprising 13 casual restaurants and cafes and 25 food court units. The Avenue Mall project also features a 6,900-square meter multi-screen cinema, a 7,100-square meter family entertainment centre, and a 2,300-square meter bowling center, along with a 2,000- square meter gym. The mall also offers 3,600 vehicles parking.

The ceremony at the project site was attended among others by a number of businessmen, officials and community representatives. Speaking on the occasion, M A Yousuf Ali, Managing Director, Lulu Group International, said that the Dh 1-billion Avenue Mall is a joint venture of Lulu Group International and Silicon Oasis Authority.

"It will be another landmark shopping destination in Dubai and the Lulu Group is proud to be selected as the joint venture partner by Dubai Silicon Oasis Authority. We hope to complete the project on time," he said adding that as a UAE resident for over four decades, he has witnessed the magnanimity of the UAE rulers.

"The UAE is the only country in the world to have a separate ministry for tolerance and happiness. For an investor, a strong government, peace, harmony and vision are important. The UAE rulers have provided these crucial factors," he added. With over 22.5 million square feet of retail space under its umbrella, 132 retail stores in 21 countries, Lulu Group is adding one more iconic shopping destination in Dubai.
 


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