$544m Al Ghurair expansion on track
01 March 2011
AL GHURAIR City, one of Dubai’s oldest shopping malls, is on track to roll out its Dh2 billion ($544.5 million) expansion by the end of the year.
The new wing will add about 150 retail outlets to the mall’s existing 200 shops and bolster its size by more than 12,000 sq m.
The Deira-based mall is in talks with a number of international brands to lease retail space, demonstrating the mall shift towards “younger, hipper brands,” aimed at attracting the mid-market consumer.
With the expansion, it has the opportunity to have more brands of different categories. The diversity would be stronger, having 350 shops, hence it expects its gravity to increase.
The majority of Al Ghurair’s traffic currently comes from residents and workers in the surrounding areas, with 40 per cent of all footfall generated from pedestrian walk-ins.
Launched in 1981, Al Ghurair was one of the first shopping malls in the region. Dubai has since been at the heart of a Gulf-wide shopping centre building boom, with the addition of mega-malls such as Dubai Mall and Mall of the Emirates.
Al Ghurair also plans to unveil a 428-room luxury hotel as part of its new wing, and is in negotiations with an international hotel brand to sign an operating deal for the property.
The project currently operates 343 serviced apartments in its residential sector above the mall, as well as dedicated health clubs, play areas and landscaped gardens.
- BASF ‘put Meydan on the fast track’
- $544m Al Ghurair expansion on track
- Johnson Controls helps save energy
- Update
- Tower topped out at Capital Centre
- Belhasa wins $5m project
- Shaikhani to spread its wings Across region
- $1.5bn boost for water, electricity
- Adwea awards power deal
- UPC hands over Mussafah channel
- Emirates Glass keeps it green and clean
- Saadiyat cooling deal awarded
