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Tue 23 May 2017 02:05 PM

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$106m RAK shopping mall extension to open soon

Developer Al Hamra Group says first phase of Manar Mall expansion to be handed over by end-June

$106m RAK shopping mall extension to open soon

Developer Al Hamra Group has announced that it is close to completion of the first phase of its AED390 million ($106 million) expansion of Manar Mall in Ras Al Khaimah.

Once completed, the gross leasable area (GLA) will increase from just over 300,000 sq ft to nearly 600,000 sq ft over two levels.

The company said in a statement that the extension will add another 80 shops to increase the total number of retail outlets to 164.

The first phase of the expansion project is due to be handed over before the end of June, it added.  

The Manar Mall expansion is being undertaken by Al Hamra Real Estate Development, a fully owned subsidiary of Al Hamra Group. Al Hamra Group owns hospitality, retail and leisure assets such as the iconic Waldorf Astoria Ras Al Khaimah.

“The expansion of Manar Mall is in line with the growing trend for community retail and leisure-based destinations that focus on the customer experience and convenience of location and access, as opposed to the mega-malls that have defined the UAE’s retail landscape over the last decade,” said Benoy Kurien, general manager, Al Hamra Real Estate Development.

Opened in September 2000, Manar Mall is the most visited mall in the emirate, he added.

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