LMRC Market Watch
Apparel Group ventures into mall development with Grand Centrale
UAE-based multi-brand retailer Apparel Group marks its expansion into mall business with the launch of Grand Centrale, its first mall in Ajman, UAE. The new project was officially inaugurated by HH Sheikh Humaid Bin Rashid Al Nuaimi, ruler of Ajman.
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Ibn Battuta Mall visitors up 25 per cent this Ramadan
Visitors to Ibn Battuta Mall are up this Ramadan compared to the same time last year, with daily footfall rising 25 per cent on average, owner and operator Nakheel said.
The mall is currently welcoming up to 60,000 people on its busiest days, compared to around 48,000 during Ramadan 2014.
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UAE malls fine-tuning retail mix to cope with increasing supply
At this time of year, there are some malls in the UAE that one can wander through and wonder how some of the stores manage to stay open, such is the lack of shoppers.
While the height of summer and Ramadan are real tests for any mall’s drawing power,,,
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Yas Mall’s first summer fest
Abu Dhabi’s newest shopping destination Yas Mall attempts to offer its shoppers a unique experience this summer, as it unveils its first summer shopping festival in time for Eid-Al-Fitr celebrations. Visitors to the mall will also experience a variety of entertainment and promotional activities.
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Reem Mall to make UAE’s capital an attractive shopping destination
Abu Dhabi Council for Urban Planning announced its approval on the scheme of Reem Mall project, which is located in Al Reem Island with an estimated cost of 1 billion dirhams. And that approval means the construction works will start right away.
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Interview: Majid Al Futtaim chief Alain Bejjani
Majid Al Futtaim operates in 13 markets across the Middle East and North Africa, and owns and operates 17 shopping centres including the Mall of the Emirates.
The newly appointed CEO of Dubai conglomerate Majid Al Futtaim cannot,,,,
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Manar Mall expansion to energise RAK retail sector
• Property developer reveals that interest now exceeds new leasable area
• Work on the 30,000 square metre expansion project already under way
• Leading retail operator Alshaya affirms commitment to mall and region
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Stores at Doha mall fined for running bogus sales
Three shops in Qatar’s Landmark Mall have been penalised for running ‘fake’ sales, it has emerged.
The stores have been fined $1,649 (QR6,000) each and also had their licences to run promotions temporarily revoked, Doha News reportedat the weekend.
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Nakheel marches on with retail expansion as Ibn Battuta Mall extension opens for lease
Developer launches another 766,000 sq ft of shop and restaurant space at world's largest themed mall
Dubai - Nakheel will launch another 766,000 square feet of shop and restaurant space for lease at Ibn Battuta Mall next Monday (1 June), further cementing its rapid expansion into Dubai's retail sector.
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Saudi's Alhokair plans to build Egypt shopping mall
The board of Egypt's Medinet Nasr for Housing and Development (MNHD) has approved an offer from a unit of Saudi Arabian retailer Fawaz Abdulaziz Alhokair to build a mall at MNHD's Teegan development, the firm said on Tuesday.
Under the proposed deal, Alhokair, which franchises brands such as Zara and Marks and Spencer in the kingdom,
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Boost for luxury shopping in Qatar
Luxury shopping in Qatar is in for a boost, as five more malls are soon to be built in Doha, the German Press Agency DPA said in a special travel report.
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Nakheel signs Home Centre, Emax and others to Al Khail Avenue mall in Dubai
Nakheel has struck a deal with Landmark Group to bring 25 retail brands to its Al Khail Avenue mall being developed in Dubai’s Jumeirah Village.
It includes Home Centre, Centrepoint, Emax, Fun City, SportsOne and Candelite,,,
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Boost for Fujairah retail sector with new 160-shop mall to open
A new mall with 160 shops is set to open in Fujairah in September as the emirate expands its retail sector.
About 80 per cent of the mall is already leased. It will feature a Géant hypermarket and shops from the retail groups Azadea, Chalhoub Group and Apparel.
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Design firm SSH wins deal to work on new Qatar shopping mall
Design firm SSH has said that its Qatar unit has won a contract to work on a new luxury retail complex in the Gulf state.
The company said in a statement that it has been awarded the professional design services for The South Mall being developed by E'EMAR Development & Real Estate investment.
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Mall of Qatar to receive 20 million visitors in 2016
Doha’s Mall of Qatar is expecting to receive 20 million visitors next year, a leading expert has claimed.
The mall, which is owned and developed by Mall of Qatar W.L.L in collaboration with turnkey contractors UrbaCon Trading & Contracting (UCC),,,
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Nakheel says work on The Pointe mall at Palm Jumeirah 30% complete
The developer says Dhs800 million mall on track for opening in 2016.
Dubai developer Nakheel has said that construction of its upcoming mall The Pointe at Palm Jumeirah is around 30 per cent complete, with the first shell and core handovers due in Q3 2015.
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Egypt's MNHD approves joint mall project with Saudi's Fawaz Alhokair
DUBAI, May 26 (Reuters) - The board of Egypt's Medinet Nasr for Housing and Development ( MNHD ) has approved an offer from a unit of Saudi Arabian retailer Fawaz Abdulaziz Alhokair to build a mall at MNHD's Teegan development, the firm said on Tuesday.
Under the proposed usufruct deal, Alhokair will own and operate the mall for 50 years,,,,
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Mall of Qatar speaks out at Retail Intelligence Panel at Cityscape Real Estate Summit, Qatar
Rony Mourani, General Manager, spells out how Mall of Qatar addressed the challenges of oversupply
Mall of Qatar's GM, Rony Mourani, spoke out at the Retail Intelligence Panel Discussion on the second day of the 2015 Cityscape Real Estate ,,
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Agility unit to invest $225m in Abu Dhabi mall project
The mall will be a partnership project, the company said
Agility said on Monday a unit of the Kuwaiti logistics firm had agreed with a real estate subsidiary of National Real Estate Company to invest $225m in a shopping mall in Abu Dhabi.
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Ibn Battuta Mall extension opens for lease
Dubai-based developer Nakheel will launch another 766,000 sqft of retail and F&B space for lease at Ibn Battuta Mall starting next month, cementing its rapid expansion into Dubai’s retail sector.
Ibn Battuta Mall, already the world’s largest themed shopping mall, will feature an extra 600 retail,,,
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Nakheel confirms leasing of 100 outlets at The Pointe
Dubai-based developer Nakheel has confirmed nearly 100 F&B and retail outlets at The Pointe; it’s new 1.4 million sqft waterfront retail, dining and entertainment complex under construction on Palm Jumeirah.
The Pointe will host well-known regional and international restaurants specialising in ,,,
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Oman Avenues Mall opens
Muscat - The much-anticipated wait is over as the Oman Avenues Mall, destined to be the next biggest shopping destination in the region was opened to public on the Monday.
The occasion was graced by Yusuff Ali, MA, managing director, Lulu Group alongside other key members from the Lulu management and board.
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VIDEO: Oman Avenues shopping Mall inaugurated
Muscat: Oman Avenues Mall, the Sultanate's newest shopping destination, was opened to the public on Monday. Yusuff Ali, MA, managing director, Lulu Group, along with other key members of the Lulu management was present during the inauguration.
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Nakheel inks deal to bring top brands to new Al Khail mall
Nakheel said on Sunday it has signed an agreement with Landmark Group to operate more than 25 brands at its Al Khail Avenue shopping, dining and leisure destination at Dubai's Jumeirah Village.
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Doha retail complex targeting labourers to be officially renamed ‘Asian Town’
Doha's Grand Mall Hypermarket is to be officially renamed 'Asian Town' as part of the retail development's expansion plans, part of its bid to enhance its appeal to the Gulf state's low-paid foreign workers, according to a report by Doha News.
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Dubai Festival City takes on a Dh1.2b transformation
First phase will see unveiling of new-look Festival Square with 25 new outlets
The mall as it will look after the expansion. The expansion will involve some remarkable engineering work that is expected to raise footfall.
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Retail giant Carrefour signs up for Dubailand's Legends Mall
Saudi-based developer Tanmiyat Global has signed an agreement to deliver Dubailand’s first Carrefour store in its Legends Mall, located within the $1.9 billion Living Legends development which was halted for years after the global financial crisis in 2008.
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