By Neil Halligan
Mall of the World will feature world's largest mall, and 7km long promenades connecting all facilities
Dubai Holding has unveiled plans to build the world’s first temperature-controlled city, Mall of the World, located along Sheikh Zayed Road.
Ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum launched the spectacular development, which will occupy a total area of 48 million square feet and will house the largest shopping mall in the world with an area of 8 million sq ft.
The mall will take the form of an extended retail street network, which developers say will be different to the typical shopping mall concept currently available in Dubai
The project will comprise the largest indoor theme park in the world, which will be covered by a glass dome that will be open during the winter months
Additional districts within the project will include a wellness dedicated zone catering to medical tourists, a cultural celebration district as well as a wide range of hospitality options comprising 20,000 hotel rooms catering to all types of tourists.
Once completed, the city is projected to become a year-round destination, welcoming around 180 million visitors annually.
Tourists will be able to enjoy a week-long stay without the need to leave the city or use a car. The 7km long promenades connecting all facilities will be covered during the summer and open during the winter, ensuring pleasant temperatures throughout the year.
The project will see the addition of 100 hotels and serviced apartments building, as well as designated parking areas with a capacity to host up to 50,000 cars on the ground level.
Commenting on the new project, Sheikh Mohammed said, "The growth in family and retail tourism underpins the need to enhance Dubai’s tourism infrastructure as soon as possible.
“This project complements our plans to transform Dubai into a cultural, tourist and economic hub for the two billion people living in the region around us, and we are determined to achieve our vision."
Mohammed Abdullah Al Gergawi, chairman of Dubai Holding, said the project is the result of extensive research and studies of international regional tourists’ requirements and preferences.
The new project will incorporate Dubai Cultural District, which will be the hub for national and multinational cultural festivities and events in UAE.
The Celebration Walk, similar to the Ramblas Street in Barcelona, will connect the cultural district to the rest of the mall.
Another component of Mall of the World is the Wellness District, which will cover a total area of 3 million sq ft. dedicated to providing wellness and rejuvenation services.
For all the latest retail news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
If this is to be build at MBR...then it was already announced in Nov 2012.
When is it due for completion?
Where's the timeline on this and finance? What ever happened to the Mall of Arabia with its dinosaur park?
A step too far me thinks...especially when we are at the height of the property market. Very similar situation to 2008 when big projects were announced and pushed forward when prices were already very high...and then came the crash.
The signs are the same this time around...Heavily inflated property prices, heavily inflated rental prices, inflated groceries, unstable job situations...add into the mix no pay rises for the majority in the last 5yrs, increase in bounced cheques above 2009/10/11&12 levels, unfetted corruption in 'pivotal' depts in many industries as reported here on AB 2wks ago, wobbling stockmarket and heightening pychi levels of 'extremism' across the region etc...and thats only scratching the surface.
For the moment...I would suggest cash is King. I would put off any major purchases and halt any credit card spending and frivalous spending untill November time...then reassess.
How sustainable will this concept be?
This is why I love Dubai, most of the world is going through austerity and financial crisis, yet Dubai has come back so strongly and is doing one amazing project after another.
If other countries had such visionary leadership, they too would have had the world's largest mall and tower, but too bad there is no ambition in other countries
And where might the 180 million lucky visitors be coming from?
How energy efficient/sustainable is this concept?
Apparently they saw Jurassic Park and got cold feet
A very well thought of and planned long term vision of HH Sheikh Mohammed which will make Dubai the most attractive and famous city in the World.
All the Best Your Excellency.