Nakheel unveils 23 million sqft of new retail, residential & leisure projects across Dubai

RetailME Bureau

Dubai-based real estate developer Nakheel has unveiled a range of new retail, residential and leisure developments for the emirate at Deira Islands, Dragon Mart and Ibn Battuta Mall with a combined built up area of over 23 million sqft.

Endorsed by His Highness Sheikh Mohammed bin Rashid Al Maktoum, vice president and prime minister of the UAE and ruler of Dubai, these projects will bring a host of additional, world-class facilities for shopping, living, business and tourism to Dubai, in line with the Government’s 2021 vision.

Dragon City to complement Dragon Mart

The existing Chinese-style Dragon Mart is set to be transformed into a giant retail, residential and leisure destination called Dragon City with the new 6.5 million sqft extension.

The expansion includes a 2.2 million sqft retail component with nearly 1.3 million sqft of leasable space including a showroom-style area for events and exhibitions as well as an integral car park with over 6,200 spaces. There will also be a two-tower residential component with 1,120 one-and-two bedroom apartments, in addition to a 250-room hotel.

This new expansion project complements the existing 2.95 million sqft Dragon Mart extension, which includes a mall, car park and hotel. Dragon City will eventually span 11 million sqft.

More to explore at Ibn Battuta Mall

Themed shopping mall, Ibn Battuta Mall is to undergo an extension spanning 4.7 million sqft. The new complex will feature a one million sqft retail component with 766,000 sqft of leasable retail space; a new multi-storey car park for 7,000 vehicles; and a four-star hotel with around 370 rooms.

The centrepiece of the extension is a 300,000 sqft courtyard featuring extensive green landscaping and a retractable glass roof for year-round shopping and dining.

This is in addition to Ibn Battuta Mall’s phase two complex currently under construction and due to open this year, bringing the total size of Ibn Battuta to more than seven million sqft.

New developments at Deira Islands

Nakheel has also announced a 12 million sqft retail, residential and leisure development that is set to become the heart of the new, four-island Deira Islands waterfront city. Deira Islands Mall, Towers and Boulevard will offer spectacular shopping and luxury living facilities in a self-sustaining community for 10,000 people that includes around 1.7 million sqft of green, communal parkland.

The complex includes Deira Mall, a new destination development designed to symbolise the modern city of Dubai while reflecting its past, present and future. Deira Mall includes 2.9 million sqft of leasable space and a car park to accommodate more than 8,400 vehicles. The mall will be surrounded by the 16-tower Deira Islands Towers community, comprising over 2,400 apartments and townhouses spread over four clusters. The towers will be built atop four podium retail developments with 670,000 sqft of leasable space.

Integral to the Deira Islands Towers project is Deira Islands Boulevard, a 400,000 sqft walkable shopping and dining promenade connecting the residences, mall and parks that make up the development. The Boulevard will have around 120 outlets.