Occupying a gross leasable area of 16,000sq m the new extension has incurred a cost of $746M.
With space to host around 73 commercial outlets, the new extension space intends to improve the already successful offering at Nakheel Mall. The space is expected to be leased by a number of premium international and local brands as well as food and beverage offerings, and fashion and beauty outlets. It has been reported that 70 per cent of the area was already leased prior to opening.
As well as offering a selection of shopping and dining experiences for guests to enjoy, the new extension space also houses a large Cineplex that occupies a space of 5000sq m and offers 13 screens with a seating capacity of 1520.
Arabian Centres, which already has more than a dozen mall properties in its portfolio commented that the financial impact of the extension shall begin to appear from the third fiscal quarter.
