Aldar to redevelop two major malls ...United Arab Emirates

Aldar Properties (Aldar) has announced an AED500m ($136m) investment plan to redevelop two of its key retail portfolio assets in the UAE: Al Jimi Mall in Al Ain, and Al Hamra Mall in Ras Al Khaimah. This investment will take Aldar’s committed spend on redeveloping key retail assets to AED1bn ($272.2m). The company has approved a redevelopment plan for Al Jimi Mall to enhance the customer journey and reinforce its position as the mall of choice for residents and visitors in Al Ain. The plan aims to increase the Gross Leasable Area (GLA) by 20 percent to 91,000 sq.m. and introduce new anchor retailers, premium international brands, and popular food concepts. The mall will remain open to custom

Hence then, the article about aldar to redevelop two major malls was published today ( Wednesday 26/07/2023 - 09:33 AM ) and is available on ME CONSTRUCTION NEWS ( United Arab Emirates ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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