MAF announces phase 1 of City Centre Me’aisem to cost Dhs275m
Majid Al Futtaim (MAF) said in a statement that the first MAF’s newest City Centre shopping mall in Dubai will cost Dhs275 million. The Dubai-based retail, hospitality and leisure conglomerate announced plans to build City Centre Me’aisem, a community-focused mall, in March this year. It currently has 13 City Centre malls in the region, Gulf News reported. “The mall’s considered retail mix will serve the immediate needs of residents and working professionals,” stated Dimitri Vazelakis, executive managing director of shopping malls at MAF Properties. Set within an area of one million square feet, the mall will be located in the Me’aisem area of the Dubai International Media Production Zone (IMPZ), a 43 million square feet site developed by Tecom Investments. The mall will be at the intersection of Al Khail Road and Shaikh Mohamad Bin Zayed Road in IMPZ.