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Sat 22 Feb 2014 10:41 AM

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Nakheel says 40% of new Palm mall project already booked

Dubai developer says 120 retailers have staked their claim on space at the upcoming Nakheel Mall

Nakheel says 40% of new Palm mall project already booked
Nakheel banners

Nakheel has announced that it has taken 160 bookings for space at its upcoming retail projects in Dubai.

The Dubai developer said it had seen keen interest from restaurants and retailers for space at Nakheel's new malls and community centres.

More than 70 percent of space at Nakheel's 10,000 square metre community centre at Al Furjan - launched for lease less than two weeks ago - is already taken, while 55 percent of Nakheel 's International City neighbourhood mall is booked.

The company also said that 120 retailers have staked their claim on Nakheel Mall - a new, 418,000 sq m retail, dining and entertainment complex on Palm Jumeirah - accounting for 40 percent of available retail space.

A Nakheel spokesman said: "Our upcoming projects - be they local community centres or world class malls - will boost Dubai's economy by creating jobs in the construction, retail, hospitality and the food and beverage sectors.

"In turn, this will support Dubai's tourism industry and contribute to the government's tourism vision for 2020."

Nakheel's growing retail portfolio also includes The Pointe at Palm Jumeirah, a 136,000 sq m waterfront shopping and dining complex, open for lease this week; a mall and night market at Deira Islands; Dragon Mart Mall and Ibn Battuta Mall, both of which are undergoing significant expansion; and neighbourhood centres in Jumeirah Park and Discovery Gardens.

* 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.

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