Dubai-based master developer Nakheel has awarded a construction contract to build Deira Mall with 4 million sqft of leasable area and a total investment of AED6.1 billion.
Nakheel has appointed United Engineering Construction LLC to build the mall, under a contract valued at AED4.2 billion. Construction will begin in Q3 this year, with completion in 2020.
Vibro-compaction work for Deira Mall is under way at the heart of Deira Islands, Nakheel’s new, 15.3 sq km waterfront city that is part of Dubai’s 2021 vision. The four-island development will transform the area traditionally known as ‘Old Dubai’ into a world-class retail, tourism, living and leisure hub, and will be home to more than 250,000 people when complete.
With a total built-up area of 10.3 million sqft, including a 3.8 million sqft multi-storey car park with 8,400 spaces, Deira Mall will feature over 1,000 shops, cafés, restaurants and entertainment outlets across three floors. The state-of-the art development will boast a retractable roof, bringing natural light into the complex, allowing open-air shopping in cooler months.
Deira Mall will be the centrepiece of Deira Boulevard, a new AED5 billion Nakheel community with 16 residential towers, nearly 3,000 apartments and extensive retail, restaurant and recreation space. Together, Deira Mall and Boulevard will have 4.5 million sqft of shop space. A construction tender for Deira Boulevard was released in January this year.
Further, Deira Mall is one of two large-scale retail projects by Nakheel Malls at Deira Islands. The other, Deira Islands Night Souk, is set to become the world’s largest night market with 5,300 shops and almost 100 quayside cafés and restaurants. Construction is in full swing, with the project due for completion in 2018.