Dubai developer Nakheel has started leasing out property at its new Nad Al Sheba Mall, it announced on Monday.
The 1.2 million square foot mall will have 200 shops, restaurants and entertainment outlets including a supermarket, department stores, multi-screen cinema, medical clinic and fitness centre.
The mall, designed by AE7, will include 500,000 sq ft of shop space in total.
Construction is due to begin in Q4 2017, with completion mid-2020, a statement said.
Located just off Sheikh Mohammed Bin Zayed Road, the mall be at the centre of the Nad Al Sheba community which includes around 11,500 luxury villas, mostly occupied by UAE nationals.
Spanning 2.5 million sq ft, the community includes four and five bedroom homes as well as a club house, community swimming pool and sports courts.
It also features a 5km cycling track – the first in Nakheel’s recently-announced Dhs150m initiative to develop a 105km network of bike routes to Dubai.
The Nad Al Sheba Mall is part of Nakheel Malls’ Dhs16bn expansion, which includes large-scale malls, souks and neighbourhood retail pavilions.
Nakheel’s retail portfolio is set to reach 17 million sq ft of leasable space across 18 projects, with four million sq ft already operational through Ibn Battuta Mall, Dragon Mart, Golden Mile Galleria and five neighbourhood pavilions.
The developer is expected to open The Pointe mall at Palm Jumeirah by the fourth quarter of this year, Nakheel Mall at Palm Jumeirah next year and the Night Souk at Deira Islands by 2018.
Other projects under construction include Ibn Battuta Mall (second expansion), Warsan Souk, Al Khail Avenue, The Circle Mall and Dragon City expansion. Nakheel is also developing new pavilions at Al Furjan and the Badrah community in Jebel Ali.
Last month, the developer also awarded a Dhs4.2bn contract to build its mega Dhs6.1bn Deira Mall – set to become the biggest in Dubai in terms of total leasable area.