Dubai: Waitrose to become Circle Mall tenant
Around 130,000 square feet at the new retail and leisure destination is accounted for, with upscale British supermarket chain Waitrose confirmed as the anchor store.
Circle Mall will have 200 shops, an anchor supermarket, two department stores, a cinema and a variety of dining outlets.
It is one of several projects in Nakheel's growing retail portfolio, which includes malls at Deira Islands, Palm Jumeirah and Jumeirah Village Triangle, souks at Deira Islands and Warsan Village, a retail complex at Palm Jumeirah's Golden Mile and neighbourhood centres at Nakheel communities across Dubai.
Ali Rashid Lootah, chairman of Nakheel, said: "Retail expansion will continue to be a focus for Nakheel in 2015 and beyond. We are targeting 10 million sqft of leasable space through a diverse range of new projects - from large-scale malls and souk-style complexes that will attract residents and tourists from far and wide, to local centres that serve the immediate needs of people living in our communities.
Construction is expected to begin in the first quarter of 2015.
Nakheel on Sunday announced a second extension to Ibn Battuta Mall in Dubai, adding another 640,000 sq ft of shop space and a multi-storey car park to the complex. The developer also confirmed plans to release a tender for the construction of Deira Islands Mall in January.
Source: arabianbusiness.com
