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Fri 12 Aug 2016 12:25 AM

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Nakheel awards $32m deal for Dragon City showroom complex

Dubai developer says construction is set to start in October with completion in Q4 2018

Nakheel awards $32m deal for Dragon City showroom complex

Dubai developer Nakheel has awarded a contract for AED117.5 million ($31.9 million) to construct a new 375,000 sq ft showroom complex at Dragon City in Dubai.

The company said in a statement that it has appointed Dubai-based Al Ghurair Contracting & Engineering Works to deliver the new retail centre, which will have 18 showrooms and a multi-storey car park for 900 vehicles.  

Construction of the showrooms will begin in October, with completion scheduled for the fourth quarter of 2018. All of the 118,000 sq ft of leasing space has already been booked, Nakheel said.

The Dragon City showroom project follows Dragon Mart 2 - the new AED1 billion complex that doubled the size of the original Dragon Mart to 3.5 million sq ft when it opened earlier this year.

Dragon City, home of Dragon Mart, is undergoing extensive expansion in the form of new retail, hospitality and residential components that, when complete, will bring the size of the development to 11 million sq ft.

Its first hotel opened in February, with a construction tender for a second announced earlier this week. Nakheel is also building a twin-tower apartment complex with 1,120 units at Dragon City.

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