Nakheel has signed a contract for the construction of Deira Mall, its new shopping, dining and entertainment destination with a total development value of €1.34bn (AED6.1bn) – and the biggest mall in the Middle East.
Nakheel confirmed that [UNEC] United Engineering Construction will build the mall, the UAE’s largest in terms of leasable space, under a contract worth €920m (AED4.2bn) – one of Dubai’s highest-value construction contracts awarded for a single project of late. Construction will begin in Q1 this year, with completion in 2021.
Deira Mall, part of Nakheel Malls’ AED16bn expansion that will take its total retail space to over 17 million ft², will have more than 1,000 shops, cafes, restaurants and entertainment outlets across 4.5 million ft² of leasable space, and a 3.8 million ft² multi-storey car park with 8,400 parking bays.
The mall’s star attraction, a state-of-the-art, retractable glass roof will bring natural light into the complex and allow for open-air shopping during cooler months.
Nakheel Chairman, Ali Rashid Lootah, said: “Nakheel’s existing and upcoming developments are playing a vital role in delivering the Government of Dubai’s vision. Deira Mall combines cutting-edge design, world-class facilities and a stunning location to bring a new dimension to Dubai’s retail sector. With its top-flight shopping, dining and entertainment offering, the mall will provide endless attractions for residents of Deira Islands, the wider UAE community and the millions of tourists who visit Dubai each year.”
Deira Mall will be the centrepiece of Deira Central, Nakheel’s 9 million ft² mixed-use community at the heart of Deira Islands, containing 50 residential and hotel towers, retail, mosques and fitness facilities, all set in extensive parkland.