Lulu Group to build mall in Dubai
31 October, 2016
Lulu Group International will make its biggest ever one-off investment in the UAE with a AED2 billion plan to develop three malls in Dubai, Umm Al Quwain and Sharjah over the next two years. Line Investments & Property, Lulu’s mall development and management division, aims to build and operate the three malls scheduled for delivery next year, 2018 and 2019, respectively. Avenues Mall in Dubai’s Silicon Oasis is planned to extend over 82,500 sq metres and has been designed as a premium retail and leisure destination. It is expected to open by the first quarter of 2019. The Avenues Mall in Silicon Oasis will compete with the new Cityland Mall, which was announced last week. It is located about five kilometres away and is due in 2018.