One firm told to pay Dh30,000 for not complying with the regulations
uae3 hours ago
Nakheel on Sunday awarded a contract worth Dh595 million for the construction of Nad Al Sheba Mall, its new 1.4 million square foot shopping, dining and entertainment destination that has a total development value of D825 million.
Nakheel has appointed Metac General Contracting Company to build the mall, which will have 200 shops, restaurants and entertainment outlets spread across 500,000sqft of leasable space. It is due for completion in 2021.
Nad Al Sheba Mall will have supermarkets (Spinneys and Union Co-op), department stores, a multi-screen cinema, medical clinic, fitness centre and a host of restaurants and cafes.
Located just off Sheikh Mohammed Bin Zayed Road, the mall will be the vibrant centrepiece of Dubai's Nad Al Sheba district, a well-populated, ever-growing community with over 11,000 high-end villas.
The area includes Nakheel's own community of 1,572 villas, 468 of which are being built by Metac under an AED781 million contract awarded in 2015. The community has its own clubhouse, pool, sports courts and cycling track. Villas will be available for lease from early 2019.
Nad Al Sheba Mall is part of Nakheel Mall's Dh22 billion expansion that will take its total retail space to over 17 million sqft. The construction award comes two months after the company awarded a contract for Dh4.2 billion to build Deira Mall, the biggest mall in the Middle East in terms of leasable space.
Nakheel Malls' portfolio comprises 18 projects, including large-scale malls, souks and neighbourhood retail Pavilions. More than 4.5 million sqft of shop space is already in operation at several large-scale and neighbourhood retail developments, including the world-famous Ibn Battuta Mall and Dragon Mart, which together welcome more than 60 million visitors a year. The company's diverse range of upcoming projects across Dubai will add 12.5 million sqft, through thousands of new shops, restaurants and unique attractions, to the mix. - business@khaleejtimes.com
One firm told to pay Dh30,000 for not complying with the regulations
uae3 hours ago
Most residents could expect a fair to partly cloudy day ahead
uae4 hours ago
The farm is based on complete automation, minimising human intervention
uae5 hours ago
Medical tourism, golden visa, attractive remuneration encourages growing interest in nursing careers
uae5 hours ago
Ministry offers tips to stay safe from bites and potential diseases as it reveals use of drones and sensors to curb mosquito spread
uae5 hours ago
The two teams took one point each, confirming a top-two finish for table-toppers Kolkata
cricket13 hours ago
The country is likely to seek at least $6 billion and request additional financing from the Fund
economy13 hours ago
Greek PM appeals against the conversion of the Holy Saviour in Chora, as Turkish president says Kariye mosque will remain open to everyone
mena13 hours ago