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The mall at Al Khawaneej joins 19 other retail projects in Nakheel Malls’ project portfolio The mall at Al Khawaneej joins 19 other retail projects in Nakheel Malls’ project portfolio

Nakheel and Al Nasr Unite to Create New Dubai Mall

Dubai-based property developer, Nakheel, and Al Nasr Cultural & Sports Club, are joining forces to create an AED300 million (USD81.6 million) mall in Dubai’s Al Khawaneej district.

Under the joint venture, the two organisations will deliver a retail, dining and entertainment hub with a total built up area of 72,000 m2, including 30,658 m2 of leasable space.

Managed by Nakheel Malls, the retail subsidiary of Nakheel, the project will have ground floor parking for nearly 700 vehicles and three floors of shops, restaurants and entertainment outlets, including anchor stores, a supermarket, cinema complex, fitness centre, fun zone and food court.

Ali Rashid Lootah, chairman, Nakheel, outlined, “The new mall at Al Khawaneej will unite the Middle East’s largest retail developer and one of the region’s most prominent sports and cultural organisations.”

Meanwhile, Nakheel signed a joint venture recently with Sharjah Investment and Development Authority for its first project outside Dubai, an AED75 million (USD20.4 million) retail centre at Al Rahmaniya.