Nakheel expands retail portfolio with 620,000 sqm Deira Islands Mall

June 30, 2014 2:40 pm

Nakheel will construct a 620,000 square metre retail, dining and entertainment hub at Deira Islands, its new 15.3 square kilometre waterfront destination development in Dubai as part of its retail expansion strategy, the developer has announced.

Nakheel has awarded a contract for nearly AED40 million to RSP Architects, Planners and Engineers as the design and supervision consultant for Deira Islands Mall, which will have over 200,000 sqm of leasable space, hundreds of shops, cinemas and a wide variety of cafes and restaurants. RSP is also the appointed design consultant for Nakheel Mall on Palm Jumeirah.

Deira Islands Mall, one of a host of attractions planned by Nakheel at the new coastal development, is the latest addition to Nakheel’s growing retail project portfolio. Others include Nakheel Mall, Dragon Mart, Ibn Battuta, two major malls at Jumeirah Village and neighbourhood shopping centres at several Nakheel communities.

Deira Islands will add 40km, including 21km of beachfront to Dubai’s coastline and pave the way for hundreds of tourism, leisure and residential developments including hotels, resorts, serviced apartments, mixed-use buildings and waterside homes. Ninety four first-phase hotel plots launched by Nakheel in March 2014 received a healthy response from investors.

Earlier this month, Nakheel launched the tender for the design and construction of nine beaches on two of the four Deira Islands, and in April the developer awarded contracts worth over Dhs47 million to US-based AE7 for infrastructure design and architectural and engineering services at the project.

Deira Islands Mall will be complemented by a diverse range of other attractions – all developed by Nakheel – at the new waterfront city, including a night market, hotel, amphitheatre for 30,000 people and a marina big enough to accommodate large yachts.