Dubai-Mubasher: UAE developer Nakheel will showcase its retail projects in Dubai worth over $3.9 billion in construction costs at Mapic in Cannes, France.
The company boasts over 11 million sq ft of retail space in the pipeline through 10 projects anticipated for delivery over the next 3-4 years.
The projects - at various stages of design and construction - are Nakheel Mall and The Pointe on Palm Jumeirah; Deira Mall and Deira Islands Night Souk at the new Deira Islands coastal city; Al Khail Avenue and the Circle Mall at Jumeirah Village, one of Nakheel’s largest master communities; Warsan Souk at Warsan Village; two major extensions to the existing Ibn Battuta Mall and a large expansion at Dragon Mart, to be renamed Dragon City.
Nakheel awarded construction contracts amounting to $1.29 billion for retail projects in the last three years, yet the figure will be tripled with another $2.7 billion worth of contracts in the pipeline.
"Our retail offering includes a range of new landmark projects to be delivered in line with Dubai’s 2021 vision,” said Nakheel chairman Ali Rashid Lootah.
