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

ME CONSTRUCTION NEWS - Local News
Aldar to redevelop two major malls
source : ME CONSTRUCTION NEWS ( United Arab Emirates ) () 17
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

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