Nakheel retail division to become largest shopping mall developer
Nakheel, a Dubai World company and one of the world's largest and most innovative real estate developers, has announced plans to make its integrated retail division Nakheel Retail, the largest shopping mall developer, owner and manager in the Middle East by 2012 and one of the largest in the world by 2018.
Nakheel Retail Shopping Malls, the retail property division of Nakheel Retail, is about to commence the development of 13 million sq ft of new retail space across 5 separate mega real estate projects, Palm Mall on The Palm Jumeirah, a premier retail destination on the first Palm development; Palm Mall on The Palm Deira, an enormous retailing precinct; Ibn Battuta Mall Phase II that will double the mall's size with new themed courts and an expanded retail mix; India Mart that will combine the very best of Indian wholesale and retail shopping with entertainment facilities and Great Mall Dubai, a ‘3-in-1' mall concept at International City.
Nakheel Retail has created a new structure to meet its ambitious plans for growth. There are four divisions spanning shopping mall and retail brand development, namely, Shopping Malls, RetailCorp, Hypermarkets and Food & Beverage. Source
Nakheel Retail Shopping Malls, the retail property division of Nakheel Retail, is about to commence the development of 13 million sq ft of new retail space across 5 separate mega real estate projects, Palm Mall on The Palm Jumeirah, a premier retail destination on the first Palm development; Palm Mall on The Palm Deira, an enormous retailing precinct; Ibn Battuta Mall Phase II that will double the mall's size with new themed courts and an expanded retail mix; India Mart that will combine the very best of Indian wholesale and retail shopping with entertainment facilities and Great Mall Dubai, a ‘3-in-1' mall concept at International City.
Nakheel Retail has created a new structure to meet its ambitious plans for growth. There are four divisions spanning shopping mall and retail brand development, namely, Shopping Malls, RetailCorp, Hypermarkets and Food & Beverage. Source
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