Aldar Properties said on Wednesday that it plans to build a new mall and expand another in Abu Dhabi.
The real estate developer said the Al Falah Mall is expected to be completed and open by 2017, and that the mall will provide area residents with a retail and civic hub. Aldar said the mall will offer up approximately 333,000 square feet of space for lease.
The mall will feature a food court, supermarket and movie theater, plus mass-transit access to other areas of Abu Dhabi.
Al Jimi Mall will undergo an expansion that will add 65 store spaces to its current 94 store spaces.
“Al Falah Mall and Al Jimi Mall will serve the needs of the people of these communities,” Talal Al Dhiyebi, chief development officer of Aldar Properties, said. “Both malls will add to our existing retail assets across Abu Dhabi and are part of our strategy to further diversify our investment portfolio and grow our recurring revenue assets. We recognize that people in Abu Dhabi want to live in destinations that provide them with the infrastructure, retail and leisure amenities that they want on their doorstops.”
