By Shane McGinley
Bill for luxury mall in Doha’s West Bay tops $348m, to include 13,000 sq m department store
The developer behind the $348m luxury Lagoona mall has confirmed the Doha-based shopping centre is on track to launch next month.
Qatar-based Darwish Malls said it plans to open the 128,000 sq m Lagoona mall to its first customers in early August and confirmed its investment in the project to date totalled QR1.4bn ($384m).
Located in the West Bay district of Doha, Lagoona will include 160 retail stores, including the 13,000 sq m department store Fifty One East, which the developer claims is the largest of its kind in the Middle East.
The anchor tenant will be joined by retail brands including Porsche Design, Mango, La Senza and Adidas, while the mall’s cornerstone attraction is expected to be its European-style Piazza.
Bader Abdullah Al Darwish, chairman of Darwish Holding, said the mall aimed to be a rounded destination rather than just retail offering.
“Lagoona is still a work in progress with a host of other stores planned for the future,” he said.
Real estate consultancy Jones Lang LaSalle in April warned malls in the Middle East must bolster their entertainment appeal or risk becoming obsolete in a glutted retail market.
Changing consumer habits and a rise in online shopping habits means malls that fail to reposition themselves in the new landscape are likely to suffer, the company said in a report.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.
dear arabian business
if you read your previous article on this, you had mentioned March of 2011. Now it is August?! And this mall has been delayed 2 times already!
@Burt, Arabian businiss has nothing to do with developers/retailers delays.... they only reports on what information they have been given. Isnt that normal that everything here in Doha is delay for at least 1.5 years. Look at Marriot hotel & residency 2.5 years of deley and still not open. Get use to it!!!
Delays are bound to happen especially within this global climate. Both the Marriott & Renaissance openings are finally set in Sep of this year.