Dubai

Nakheel awards $626m deals to build Dubai retail projects

Nakheel awards $626m deals to build Dubai retail projects

17 October, 2015

ARABIAN BUSINESS

Dubai-based developer Nakheel said on Saturday it has awarded construction contracts worth nearly AED2.3 billion ($626.3 million) for three major projects in its growing retail portfolio. The company has confirmed the builders of Deira Islands Night Souk, Warsan Souk and The Circle Mall, which, combined, offer nearly 2.3 million sq ft of retail space and over 6,700 shopping, dining and entertainment outlets. Nakheel said in a statement that Deira Islands Night Souk will stretch almost 2km along Deira Islands’ waterfront and boast 5,300 shops and nearly 100 quayside cafés and restaurants. Warsan Souk is a new retail complex located next to International City with 1,170 shops including two department stores and 30 cafés and restaurants. The Circle Mall in Jumeirah Village has 432,000 sq ft of retail space housing 235 shops, a multi-screen cinema, a health clinic, cafés and restaurants.

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