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United Arab Emirates Procurement News Notice - 89670


Procurement News Notice

PNN 89670
Work Detail The mall is set to offer a curated selection of over 100 stores spanning fitness, retail, entertainment, F&B, healthcare, and supermarkets Dubai Holding Asset Management has announced that Nad Al Sheba Mall is on track to open in April 2025. The 500,000sqft mixed-use retail destination is located in the heart of Nad Al Sheba and is set to offer a selection of over 100 stores spanning fitness, retail, entertainment, F&B, healthcare, and supermarkets. The mall features wellness facilities, including a rooftop gym, swimming pool, and padel courts, the mall provides over 900 parking spaces to ensure accessibility. Its proximity to schools and residential communities further enhances foot traffic. Key tenants include Home Bakery, Parkers, and SALT; supermarkets like Spinneys and Union Coop; sports and fitness outlets including Go Sport and Fit N Glam; and children’s entertainment venues like Fun City and Orange Wheels, offering a diverse and engaging experience for customers, the firm said in a statement. “Dubai’s retail sector is a key driver of economic growth, playing a pivotal role in enhancing the quality of life for residents, while reinforcing the city’s appeal as a top global destination for tourists. The emirate’s dynamic demographics, expanding population, and robust consumer demand have solidified its status as a leading retail powerhouse in the region and beyond,” said Fareed Abdelrahman, Managing Director, Retail Destinations at Dubai Holding Asset Management. “Nad Al Sheba Mall exemplifies our commitment to creating destinations that seamlessly blend modern convenience with community-centric experiences. As a strategic addition to our retail portfolio, this mall will not only meet the daily needs of visitors but also provide businesses with opportunities to thrive in a rapidly growing market,” added Abdelrahman. According to Statista, UAE retail sales are projected to reach US $139.1bn by 2028, up from $108.1bn in 2024, fuelled by demographics, improving macroeconomic conditions, and the rise of omni-channel retailing. These trends underscore the importance of dynamic retail spaces like Nad Al Sheba Mall, which aligns with the sector’s evolving demands.
Country United Arab Emirates , Asia
Industry Construction
Entry Date 05 Feb 2025
Source https://meconstructionnews.com/62281/dubai-holding-asset-management-unveils-nad-al-sheba-mall

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