Mohammad Endorses Dh14b Worth Of New Retail, Residential and Leisure Developments For Dubai

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mohd Approves DH14b in development projects edited

Amidst of staggering projects being developed in Dubai at an alarming rate, we have an addition of new retail, residential and leisure developments. As stated on Gulf News: Development projects valued at Dh14 billion were approved by His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai. The projects will be constructed by Nakheel Properties over the next three years.

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There are numerous projects under this development and they include Deira Boulevard which will have Deira Mall encircled by the 16-tower Deira Islands Towers community, encompassing over 2,500 apartments and townhouses will be developed as four different clusters. The towers will be constructed on four podium retail developments and 670,000 sq ft of leasable space. Imperative to the Deira Islands Towers project is Deira Islands Boulevard which is a 400,000 sq ft walk able shopping, dining and promenade linking the residences, mall and parks that consist of the development. The Boulevard will facilitate 120 outlets.

Dragon City Towers, Dragon Mart –existing largest Chinese trading nucleus other than the mainland China – is to be modified into a massive retail, residential and leisure destination, called Dragon City. There will be with an addition of 6.5 million sq ft extension. The expansion comprises of 2.2 million sq ft retail facility with approximately 1.3 million sq ft of leasable space along with a showroom-style vicinity incorporated events and exhibitions, in addition 6,200  spaces allocated for car parking. The new Dragon Mart extension will also comprise of two-tower residential component with 1,120 one and two bedroom apartments, and a separate, 250-room hotel. This new expansion project enhances the existing, 2.95 million sq ft Dragon Mart extension which consists of a mall, car park and hotel. Dragon City will be of 11 million sq ft.  The Ibn Battuta Mall expansion: The mall will be given an extension spread over 4.7 million sq ft. The new complex will attribute for a 1 million sq ft retail facility with 766,000 sq ft of leasable retail space, in addition there will be a new multi-storey car park for 7,000 vehicles and a four-star hotel with around 370 rooms. The integral of the extension is a 300,000 sq ft courtyard which will have an extensive green landscaping and a retractable glass roof for year-round shopping and dining. The new extension will contribute to seven million sq ft expansion for Ibn Battuta to more than seven million sq ft. Al Khail Mall project which will be located at the intersection of that The Mohammed Bin Zayed-Al Khail Road will be spread on an area of 1.25 million square feet.

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