Aldar Investment, a real estate investment unit of UAE developer Aldar, has announced that it has completed a major milestone as part of its redevelopment of Yas Mall.
Yas Mall is a major retail destination in Abu Dhabi, reaching 97 per cent occupancy and adding 55 new stores by Q1 this year, thus strengthening its selection of retailers across all categories.
The Yas Mall redevelopment project, launched in March last year by Aldar Investment, is aimed at enhancing the customer journey by reimagining the mall’s spaces and introducing more than 100 new retail stores, catering to diverse customer preferences. The project work is on track for completion by summer 2022, it added.
The main anchors of the redevelopment plan span across F&B, entertainment, homeware, furnishing and accessories, fashion, beauty, jewellery, health, flexible co-working spaces, as well as iconic corporate offices. Building on its existing outstanding portfolio, the mall is increasing its F&B and entertainment offerings by over 50 per cent, and introducing a dedicated home furnishing district with new brands.
“Our redevelopment project remains on course as we continue to pioneer the retail industry and adapt to this evolving sector, with exclusive experiences and world-class retail and leisure offerings, while at the same time contributing to the local economy,” remarked its Chief Retail Officer Saoud Khoory.
