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Nakheel Launches Tender For New Mall At Jumeirah Village Triangle

Nakheel Launches Tender For New Mall At Jumeirah Village Triangle

The tender covers infrastructure services relocation, shoring works and excavation at Al Khail Avenue.

Dubai developer Nakheel has released a tender for enabling works at Al Khail Avenue, its new, 3.6 million square foot mall at Jumeirah Village Triangle, it announced on Sunday.

The scope of the tender covers infrastructure services relocation, shoring works and excavation ahead of construction of the new mall, which is scheduled to open in 2018.

Nakheel will release the construction tender by the end of Q2 2015, it said in a statement. Leasing began in January this year.

Located alongside Al Khail Road, on the eastern edge of the developer’s Jumeirah Village Triangle master community, Al Khail Avenue will offer 1.5 million square feet of shopping, dining and entertainment space.

It will have 350 shops including a supermarket, department stores and speciality outlets, a multi-screen cinema, entertainment zone and a range of cafes and restaurants including al fresco dining.

There will also be a multi-storey car park spread over two million sq ft and accommodating some 4,400 vehicles.

The mall, first announced during design stage in August 2014, aims to cater to residents of Jumeirah Village, Jumeirah Park and other nearby areas.

Al Khail Avenue is one of 10 large-scale retail developments currently being undertaken by Nakheel.

In total, the developer’s current and future retail projects span across over 10 million sq ft of leasable space between them.

They include upcoming malls and souks at Palm Jumeirah, Deira Islands, Jumeirah Village and Warsan Village; major extensions to Dragon Mart and Ibn Battuta; and six neighbourhood retail centres at communities across Dubai.

Nakheel is investing heavily in building its retail, hospitality and leasing businesses, and revenue from these segments is expected to grow from Dhs1.3 billion in end-2014 to Dhs7.5 billion by end-2017, when most of the projects are expected to be completed, Chairman Ali Rashid Lootah recently said.

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