By Staff writer
Upscale British supermarket chain confirmed; construction of mall set to start in Q1 2015
Almost a third of shop space at Nakheel's new Circle Mall at Jumeirah Village in Dubai has been booked, less than two weeks after its launch, developer Nakheel announced on Monday.
Around 130,000 square feet at the new retail and leisure destination is accounted for, with upscale British supermarket chain Waitrose confirmed as the anchor store.
The multi-screen cinema and most of the casual dining and food court space is also already taken, Nakheel said in a statement.
Circle Mall will have 200 shops, an anchor supermarket, two department stores, a cinema and a variety of dining outlets.
It is one of several projects in Nakheel's growing retail portfolio, which includes malls at Deira Islands, Palm Jumeirah and Jumeirah Village Triangle, souks at Deira Islands and Warsan Village, a retail complex at Palm Jumeirah's Golden Mile and neighbourhood centres at Nakheel communities across Dubai.
Ali Rashid Lootah, chairman of Nakheel, said: "Retail expansion will continue to be a focus for Nakheel in 2015 and beyond. We are targeting 10 million sqft of leasable space through a diverse range of new projects - from large-scale malls and souk-style complexes that will attract residents and tourists from far and wide, to local centres that serve the immediate needs of people living in our communities.
"The reaction to Circle Mall, and to other recently-launched Nakheel projects proves that retailers - be they global household brand names or individual entrepreneurs - are hungry for new space where they can expand their business and capitalise on Dubai's growth."
Located between Sheikh Mohammed Bin Zayed Road, Al Khail Road and Hessa Street, Circle Mall will serve hundreds of thousands of people living in and around Jumeirah Village.
Construction is expected to begin in the first quarter of 2015.
Nakheel on Sunday announced a second extension to Ibn Battuta Mall in Dubai, adding another 640,000 sq ft of shop space and a multi-storey car park to the complex.
The developer also confirmed plans to release a tender for the construction of Deira Islands Mall in January.
* Nakheel no longer responds to media enquiries from Arabian Business, nor does it grant Arabian Business access to any of its media events or announcements.
I thought Waitrose had more taste!
I really don't understand what Nakheel is trying to do! seeing is believing Jumeirah Village Circle is a huge circle of scattered construction sites. If you drive their at night "good Luck!". the prices are ridiculously expensive compared to an area which require 3-5 years to be properly handed-over. Nakheel claim they opened a park there, I think it is a pathetic joke my garden at my house is more decent than that piece of desert garden. I think Nakheel should take it easy, focus more on the ready projects/areas they have delivered and work more on the JVC area if they still want to compete with others. Nakheel is definitely not on the top favorite developers in Dubai. This is my personal opinion as a resident who lived all my life in Dubai and strongly connected to the people and market.
Maybe they should finish the Jumeriah Village Triangle project and complete it first like they have repeatedly promised to do, BUT NOT DONE.
JVT has been 'completed' for several years yet Nakheel have yet to install signage, ensure the safety and security of the residents and complete the landscaping, lakes and canals as they promised in the original specifications. This is despite many many protests and petitions to the Nakheel team and repeated empty promises on their behalf....Poor show.
I live in JVC and the area has a huge amount of potential. I am so happy to hear about "Waitrose" being The Circle Mall's anchor store. This is great news for JVC and JVT residents. JVC has pockets of developed areas. I have a park near me, I happily and safely walk my dogs every day and my neighbors enjoy living here too. Give it a couple of years, and it will be one of the best suburbs in Dubai to live in. The rental price is JVC is amazing. Wael - You can rent a 3BR apartment in downtown Dubai, 2,000 sq ft for AED 300,000, or you can rent a 3BR massive town house with small garden in JVC, 3,400 sq ft for AED 140,000. There is no traffic in JVC - yes there is a lot of construction but every new brick is helping develop the community!
Eh? Jumeirah Village Circle is a community with affordable housing. And they expect people to shop at Waitrose. Sorry this is no Barari or Emirates Hills. Are they out of their mind? Bring Carrefour or Geant.
Oh Wait... First finish the community. We don't need a mall with cinemas.
"* Nakheel no longer responds to media enquiries from Arabian Business, nor does it grant Arabian Business access to any of its media events or announcements."
HA. Shows what Nakheel actually does when confronted with criticism...just tries to sweep it under the rug. Bravo to Arabian Business for standing their ground, even if Nakheel acts like a petty child and cuts them out.