From Vision to Reality

At MIPIM 2026, the world’s leading real estate players will convene to highlight recently opened and in the pipeline retail developments that will redefine mixed-use destinations. From transformative city-centre regenerations to next-generation experiential hubs, these global projects signify bold investment and adaptation to evolving consumer demands. Here, RLI takes a look at a selection of landmark schemes that are capturing attention worldwide and highlighting where global retail real estate is heading next.

This year, the global real estate industry descends on MIPIM in Cannes across the 9-13 March, where capital meets vision and development pipelines are unveiled on an international stage. While offices, residential and logistics continue to dominate investment conversations, retail real estate is commanding renewed attention.

Throughout the event, face-to-face discussions, workshops and panels will offer inspiration and thought-leadership, while creating opportunities to exchange experiences and drive business and professional growth. As a reference point for the global retail real estate industry, MIPIM provides unique access to global capital and concrete solutions for making assets more sustainable and resilient in a rapidly changing world.

Guests will be able to explore a vast exhibition space spanning over 19,300sq m. With more than 300 stands and 2,300 exhibiting companies, it is the ultimate place to showcase and discover projects, solutions and ideas. Attendees will have the opportunity to connect with industry leaders, experts and visionaries and engage in conferences and networking events at various stands.

Ahead of this year’s event, RLI takes the chance to zone in on a selection of global projects that have been, or are being, designed not simply to accommodate tenants, but to create destinations as visions become reality.

Americas

Seven years after the project was first conceived, the owner of the Capilano Mall in North Vancouver submitted its full application to redevelop the shopping centre, ahead of going to City Council for approval late last year. The project is being undertaken by QuadReal Property Group, the real estate arm of the British Columbia Investment Management Corporation (BCI) that manages pension plans on behalf of the public sector. The proposed Capilano Mall redevelopment would include 11 towers scattered across the site, with heights between 18 and 40 storeys. All in all, proposed for the site is 2,984,574sq ft of residential floor space that would translate to an estimated 3,408 residential units, in addition to 224,179sq ft of commercial retail space, 5,995sq ft of office space and 2,195sq ft of daycare space, with all of the non-residential space housed on the lower levels of the towers and distributed across the site.

Recently opened in Cabo del Sol, luxury meets opportunity with Ánima Village, a visionary open-air retail and lifestyle destination. Designed by Sordo Madaleno Arquitectos in partnership with developer SOMA Group, Ánima Village redefines the traditional concept of a shopping plaza. Blending art, gastronomy, wellness and nature, it brings together the best of Cabo’s coastal charm and international sophistication. Spread over 22,000sq m of leasable space, Ánima Village hosts more than 84 luxury and lifestyle brands, offering a walkable network of plazas, terraces and green corridors. Global names include Louis Vuitton, Prada, Cartier and Rolex and complementing these flagship stores, visitors will also find Dior, Dolce & Gabbana, Alo Yoga, Lululemon, Sephora and Nike, among others – making it the most exclusive retail destination in Baja California Sur. Beyond shopping, Ánima Village offers an immersive lifestyle experience. The culinary offering features a mix of fine dining and casual eateries, from Grupo Hunan and Mastro’s to La Lupita and Starbucks. The space will also become a cultural hub through Arte Abierto, an initiative showcasing public art installations, interactive exhibitions and live events that celebrate creativity and community. Every architectural element – from local stone and terracotta façades to botanical landscaping and water features – reflects a deep connection to Cabo’s desert-meets-sea landscape.

AREA15 in Las Vegas, developed by Fisher Brothers, is the first-ever purpose-built destination for experiential attractions, art and entertainment, celebrated its fifth anniversary back in September. The attraction began as a 200,000sq ft venue and has evolved into a 40-acre entertainment district. Last August, AREA15 launched its expansion, dubbed Zone 2: The Terminals. This included the first Universal Horror Unleashed attraction and a number of new experiences such as the John Wick experience. Across the AREA15 district, there are now a total of 23 immersive attractions, 11 F&B outlets and more than 60 sculptures and 30 murals. Through the end of 2025 and into 2026, the development will continue to open new experiences in Zone 2, including Felix & Paul Studios’ Interstellar Arc, the reimagined Boeing 747 multi-use event venue and the largest-ever Museum of Ice Cream location.

Being transformed into a premier lifestyle destination from a traditional office complex, The Cliff will bring new energy to Henderson, a vibrant destination for dining, retail and connection, where the community can gather, linger and experience something new. The City of Henderson in Nevada has unanimously approved development plans for The Cliff – a $50M, design-forward lifestyle and entertainment destination that reimagines 10 acres of underutilised office space at 2500-2550 Paseo Verde Parkway in Green Valley Ranch. Being developed by Partners Capital and CNR Retail of CAST Nevada, the 100,000sq ft The Cliff has been dubbed an “anti-mall” – aiming to replace the traditional strip mall and big-box retail model with a walkable, community-centric gathering place. After breaking ground last fall, the site will be home to a Class A, open-air destination that blends next-generation retail, culinary and hospitality experiences, including first-to-market retailers and chef-driven concepts upon opening in the fall of 2026. The Cliff replaces outdated office buildings with a pedestrian-friendly campus anchored by landscaped courtyards, breezeways, public art, live music and a kiosk village named “The Yard”.

The primary developer of the OCVIBE project is the Samueli family, through their company, OC Sports & Entertainment. This $4bn mixed-use development in Anaheim, California, is centred around the Honda Center and is being brought to life with the help of various real estate and development experts. OCVIBE is opening in phases, with the first phase scheduled to begin in 2026. OCVIBE is a transformative 100-acre mixed-use development designed to be a premier destination for both Southern California locals and visitors. The project goes far beyond traditional real estate, blending diverse dining options, vibrant nightlife, cutting-edge office space, inclusive public areas and world-class sports and entertainment venues into a seamless and engaging experience. JLL will oversee operations, management and maintenance of OCVIBE’s expansive commercial and common areas, including 20 acres of parks and public plazas, four parking garages, a wide range of restaurants, a modern office building called The Weave and retail plazas surrounding the Honda Center.

PPF Real Estate Holding has diversified its footprint in the US property market with an investment in Gasworx, a mixed-use development in Tampa, Florida. The multi-phase project is designed to connect Tampa’s historical Ybor City with downtown districts and transform a currently underused area. Gasworx is a joint venture between Washington D.C.-based real estate company KETTLER Inc. and Tampa-based entrepreneur Darryl Shaw. PPF Real Estate joins the venture via its acquisition for an undisclosed consideration of a majority stake in the project’s current phase with KETTLER and Darryl Shaw. Construction works on the current stage have commenced and the expected completion is in 2027. In addition to new apartments, shops and offices, this phase involves infrastructure and public space improvements, including a new pedestrian-friendly street, multi-use trails and a new streetcar stop connected to Tampa’s public transit system. It also contains a new public park, financed by the project’s developers and owned by the city of Tampa. In total, the project comprises 18 development parcels and upon completion, the Gasworx district will feature approximately 560,000sq m of space for 5,000 residences, 14,000sq m of retail space and 46,000sq m of office space.

One Beverly Hills, the 17.5-acre urban oasis being developed by Cain International, has announced a preview of its upcoming retail and dining partners including Dolce&Gabbana, Casa Tua Cucina and Los Mochis. These globally recognised names mark the debut of the project’s 200,000sq ft curated retail offering that will bring fashion, beauty, wellness and dining together in a singular destination. Further anchoring One Beverly Hills is Aman Beverly Hills – the brand’s first US West Coast property – featuring a 78-key all-suite hotel, two residential towers and Aman Club, alongside 10 acres of botanical gardens and open space that connect The Beverly Hilton, currently undergoing its most comprehensive renovation in its storied history and the Waldorf Astoria Beverly Hills. Within the landscaped gardens designed by RIOS, One Beverly Hills will bring around 45 retail and dining concepts together, each set within a distinct environment that blends luxury and nature. With phased completion beginning in 2027, One Beverly Hills is anticipated to generate an estimated $40bn in local economic impact over the next 30 years, including $9bn in new spending – further cementing Beverly Hills as a global capital of culture, commerce and luxury. The project expects to deliver 2,700 construction jobs, contribute more than $100M in public benefit fees and new public gardens, enriching the city with green space at its very core.

One West End is a holistic complex that will continue the legacy of a property with historic, cultural and community impact. The 12-acre site has been a destination for shopping and gathering in Atlanta for more than 50 years. Redevelopment of this landmark requires a balance of community engagement, sustainable solutions and commitment to economic vitality. Developers BRP Companies and The Prusik Group have project plans that showcase a balance of commercial and residential uses. One West End will be a mixed-income, mixed-use development. Commercial space will include: 125,000sq ft of retail, with a grocery store, fitness centre, food & beverage experiences and local boutiques. Residential space will include: 800+ rental and student-targeted housing units; mixed-income rental housing, with 70 per cent workforce and 30 per cent affordable and a hotel. Community amenities will include a public green space, resident lounge and bike parking. The multi-year redevelopment process is expected to begin this year, with Phase One completion slated for 2028. One West End will be a place to cherish Atlanta’s roots and embrace its future.

The long-anticipated redevelopment of Westfield Garden State Plaza is gaining momentum, with a groundbreaking expected in 2026, according to developers Unibail-Rodamco-Westfield and Mill Creek Residential. This ambitious project is part of a growing trend of transforming traditional malls into mixed-use hubs in Paramus. Work on the redevelopment began in October 2023 with the demolition of the former Best Buy and Bank of America buildings to create 180 additional parking spaces, marking the first visible steps of the transformation. If all phases are approved and completed, the redevelopment will include 1,400 apartments, new retail spaces, a hotel, senior care facility and a park-like town green. The first phase of the renovation is set to open in two and a half years after construction begins and feature two five-storey mixed-use buildings with 550 luxury apartment homes and 50,000sq ft of retail space, along with a one-acre town green designed for outdoor markets, dining and social gatherings, envisioned as a new downtown for Paramus. The Westfield Garden State Plaza project is just one of three major mall redevelopments in Paramus along with Bergen Town Center and Paramus Park Mall.

Asia

Snøhetta, in collaboration with A49 Architects, has unveiled its most extensive urban regeneration project in Asia for Magnolia Quality Development Corporation (MQDC). Located in the South Sukhumvit – one of Bangkok’s most vibrant cultural and innovation hubs – Cloud 11 is a 250,000sq m mixed-use development defined by a central courtyard that serves as both ecological infrastructure and cultural park. The design harnesses the power of landscape to create an urban oasis that champions environmental resilience and community wellbeing. Cloud 11 responds to Bangkok’s pressing urban challenges, aligning with the Green Bangkok 2030 and Enter Bangkok 2050 initiatives that reflect Thailand’s commitments under the UN Framework Convention on Climate Change (UNFCCC) and the Paris Agreement. As a development supporting these national and global goals, the design employs a sustainable, landscape-based approach to offset the environmental impact of large-scale urban developments. It incorporates a mix of residential, working and leisure facilities, including studios, hotels, market halls and eateries. The project is set to open to the public this month.

Henderson Land Development Company Limited has unveiled Central Yards, their most ambitious and sustainable mixed-use development on the New Central Harbourfront. With over 1.6 million square feet of gross floor area, Central Yards is poised to become a global harbourfront icon for Hong Kong and the world. Its first phase is set to unfold in 2027, followed by the second phase in 2032. Central Yards will offer over 700,000sq ft of premium office and ancillary space, featuring the largest office floorplate in Hong Kong’s CBD – designed for modern headquarters and innovationdriven financial organisations. More than 70 per cent of Phase 1 office and ancillary space has been leased, with the remaining areas attracting strong interest from leading multinational companies, underscoring the development’s unique positioning as a new financial hub. Envisioned as a “city within a city”, Central Yards puts placemaking at the core of its retail vision for the new generation. The first phase, spanning over 300,000sq ft, will introduce a streetfirst, promenadeled environment that seamlessly merges indoor and outdoor realms. Purpose-designed maisons with open terraces and duplex concepts elevate the brand experience, redefining the future retail journey.

Set in the thriving neighbourhood of Bangalore and developed by Sai Lakshmi Industries Private Limited, Essensai067 is more than a retail development – it is a reimagined social space where food, fashion, art and music come together to foster human connection. Spanning 5.16 acres and opened earlier this year in April, this dynamic indoor-outdoor interactive development offers over 155,355sq ft of thoughtfully designed spaces. Key features of the site include retail & culinary delights across 23 premium retail units and 12 diverse F&B outlets. There will be unique experiences on site through an adventure park, a pet-friendly plaza and an amphitheatre for curated performances, highlighting how Essensai067 offers more than just shopping. From yoga and wellness programs to vibrant social events, Essensai067 is designed to become a cultural hub for the neighbourhood’s 26,000 apartments and growing population.

Phoenix Mills, India’s largest mall operator, is currently working on three new projects, one of which is Phoenix Grand Victoria in Alipore, Kolkata. The project was announced in 2021 while the construction started in 2023. The mall is planned to be based on a 7.48 acre area with one million square feet of retail area in its first phase, which is on course to open in 2026. Along with retail shops, the mall will contain a multiplex, food court, gaming and entertainment space and a wellness centre. There will be 1,834 underground parking spaces.

Ingka Centres, part of Ingka Group, which also includes IKEA Retail, has announced the development of Lykli Noida, the company’s second meeting place in India and a significant step forward to evolving organised retail in the country. The new Ingka Centres complex represents an investment of INR 5,500 crores and is expected to generate over 9,000 jobs for the many people of Uttar Pradesh. Scheduled to open in a few years in 2028, Lykli Noida will be the first Ingka Centres complex worldwide to include a hotel and is expected to attract over 25 million visitors annually. Lykli Noida represents a new era of retail destinations in the Delhi national capital region (NCR). Anchored by an IKEA store, the complex will spread across 47,833sq m and is one of the biggest retail projects in Delhi NCR. The project’s overall form is inspired by the concept of confluence. The two towers are positioned to face and mirror the confluence of the train lines at the site, making the project a symbol of the continuous flow of people migrating to Noida from all parts of India, seeking a better and more fulfilling lifestyle, over the last 40 years.

Snøhetta has designed its largest project in Japan to date with the new Shibuya Upper West Project for Tokyu Corporation, L Catterton Real Estate and Tokyu Department Store. The 119,000sq m mixed-use development includes the Bunkamura cultural complex and will offer high-quality retail, a contemporary luxury hotel and rental residences, as well as art and cultural experiences in the vibrant Shibuya district of Tokyo. Key features include The Hive, a vibrant and lively atrium anchoring the heart of the project and The Sanctuary, a healing space with lush roof terraces for visitors to relax and unwind. The project aims to achieve the highest possible sustainability ratings and is expected to complete in 2029.

One Bangkok connects the business districts of Sathorn and Silom with Rama IV Road and officially opened to the public in September last year, marking a historic moment for Bangkok. Developed by Frasers Property, a subsidiary of TCC Group, the site is a dynamic, multifaceted destination that blends retail, work, leisure and living into a vibrant, holistically integrated district. One Bangkok offers a complete lifestyle experience, featuring premium offices, luxury and lifestyle hotels, upscale residential towers, diverse retail experiences and a pulsating year-round line-up of arts and culture activities. One Bangkok Retail offers a tapestry of heart-centric experiences woven across three beautifully-designed interconnected retail destinations, spanning a total net lettable area of 160,000sq m. With over 900 stores to eventually line the Retail Loop, One Bangkok Retail opened its doors, beginning with Parade and THE STOREYS back in October 2024, followed by POST 1928 at a later phase, completing this retail destination in the heart of Bangkok. Away from retail, One Bangkok Forum aspires to be the city’s premier entertainment venue. With a capacity for 6,000 people, this expansive, multi-dimensional arena is able to host a variety of events, from electrifying concerts and live shows to exhibitions. One Bangkok Forum promises an unforgettable experience for every passion.

International

Melbourne Walk, the first new development in Bourke Street Mall for over 50 years and the centrepiece of its revitalisation, opened its doors in late 2025 by developers Wingate and CapitaLand Investment. Knitting together several buildings on a large inner-city site, Melbourne Walk includes 6,295sq m of retail and InterContinental Hotel Group (IHG)’s first Australian dual-branded hotels, each has a distinct identity, a Hotel Indigo and a Holiday Inn, comprising 452 rooms over nine levels above a three-level retail podium. New dining and bar offerings include a rooftop bar overlooking Bourke Street. Global design studio Buchan led the architecture and interior design for the entire project, for client Steadfast Capital. The design combines eight buildings and four heritage-listed facades into a single merged precinct.

Plans for an $80M expansive retail centre have been revealed for the Aura community in Queensland’s sunshine coast. The ‘Aura Home + Life’ project covers 20,000sq m and will house 12 to 16 large-format retail tenancies ranging in size from 350sq m to 5,000sq m. It will occupy a prime location adjacent to the Aura Business Park in Baringa, with easy access to the Bells Creek Arterial Road and Bruce Highway. The venue will include stores selling electrical goods, furniture, pet supplies, homewares, automotive and recreational products, two food and beverage outlets and 400 car parking spaces. Capital Property Group – the developer – expects the project to create approximately 100 new jobs during construction and more than 200 permanent and casual jobs after completion in mid-2026.

NEINVER has unveiled the redesigned Alpes The Style Outlets project – a more sustainable, better integrated destination. Strategically located between Geneva and Lyon, near the Swiss border and with direct access to the A40 motorway – a key route between France and Switzerland – Alpes The Style Outlets benefits from excellent connectivity. It is just five minutes from a TGV station linking to Paris and other major cities, 45 minutes from Annecy and positioned on the main route to popular ski resorts and tourist areas, making it ideal for attracting tourists and Swiss shoppers. The upcoming destination will feature 20,400sq m of GLA with approximately 95 shops and restaurants. Set to open in late 207, Alpes The Style Outlets will be a sustainable and welcoming retail and leisure destination, where architecture, environment and visitor experience come together in harmony with its Alpine setting.

Multi Corporation, the leading European integrated service platform for retail real estate assets, is proud to announce that it has been awarded the property management mandate for the highly anticipated New Thematic District in Genoa, Italy, a large-scale urban regeneration project offering retail and gastronomy by developer Genova Sviluppo Srl. The project is recognised as one of the best developments on the Italian market and the mandate includes advisory on all pre-opening activities and property management post-opening. The New Thematic District is set to transform a strategic area of Genoa, bringing new life to the marina zone through an innovative urban intervention that integrates residential, nautical and commercial functions. This world-class redevelopment project will rejuvenate a disused area, reconnecting it with downtown Genoa. Central to this regeneration is a new retail development spanning three floors and around 28,000sq m of GLA. The new District will feature a diverse mix of national and international brands, focusing on sport, the sea and local products. It promises to be a premier destination for residents, tourists and visitors to the adjacent marina as well as Genoa more generally.

The Promenada Mall in Bucharest, Romania is the flagship project in NEPI Rockcastle’s €795M development programme and a project of extraordinary scale and complexity which is set to redefine the retail landscape of the Romanian capital and its Business District starting 2027. The existing 39,300sq m shopping centre is being extended through the addition of 55,400sq m, which will transform the retail mall into a dynamic mixed-use destination, combining retail, office space, a live theatre, a state-of-the-art cinema and a four-star international business hotel. Considered the largest retail development currently under construction in CEE, the development responds to strong demand from international retailers seeking prime space in the heart of Bucharest’s most affluent district and 68 per cent of the new space is already let. Brands like Zara and Peek & Cloppenburg are using this as an opportunity to relocate to the new retail space, upgrading their current stores to their latest concepts. This outstanding project is reinforcing NEPI Rockcastle’s position as the premier owner, operator and developer of retail real estate in Central and Eastern Europe, one of the fastest evolving and dynamic markets in Europe.

Emonika is the largest development ever undertaken in Slovenia. Set to be situated in Ljubljana, it will comprise approximately 190,000sq m and be a mixed-use project, including around 187 apartments, two hotels and two office buildings, located on two separate plots. At its heart will be a vibrant, innovative 22,300sq m urban retail and leisure destination featuring 80 stores that will redefining the city centre experience. Emonika will foster a diverse blend of local and international tenants, creating an exciting and unique shopping centre that celebrates Slovenian culture while delivering an unforgettable experience. Scheduled for completion sometime in 2027, this Mendota Invest (a company owned by the OTP Group) project is valued at over €350M, promising to revitalise the city centre with sustainable, BREEAM-certified and connected infrastructure.

KwaZulu-Natal’s South Coast will soon welcome Kingsburgh Junction, with the new shopping centre set to open on 26 March 2026. The new retail hub, which AJ Property Holdings is developing, is set to become one of South Africa’s most significant retail and property developments. With the mall already generating significant interest, it is expected to reshape the retail and residential landscape of the area. The majority of the space has already been pre-let, with a potent mix of anchor tenants, including a Superspar with Tops and Vida e Café, Woolworths and Dis-Chem. Other popular national retailers will include Pep, Pep Home, Ackermans and quick-service restaurants including KFC Drive-Thru and Pedro’s. The mall is set to be a catalyst for growth in the Kingsburgh node, creating employment opportunities during construction and long-term jobs once trading starts. The development also hopes to attract shoppers from surrounding areas, support local businesses and stimulate additional investment in the area.

Property company The Portman Estate and developer Derwent London have unveiled plans for the launch of Loxton Walk, the West End’s latest retail and leisure destination in the heart of Marylebone. With public space, sustainable design and a new retail offering, Loxton Walk will be an entirely new and carefully curated street for the area. Launching this year, Loxton Walk Loxton Walk is the West End’s newest retail and leisure destination. The open-air pedestrianised street provides approximately 27,200sq ft of flexible retail, restaurant and wellness space across 17 units arranged around a central courtyard. It is accessible via four new pedestrian routes from George Street, Blandford Street, Gloucester Place and Baker Street. The generous public realm offers dedicated outdoor seating areas for operators, creating a vibrant meeting place for the community.

Middle East

Developed by BIG Shopping Centres in partnership with Allied Group and The Blue Shore Development Company and opened in February last year, BIG Fashion Glilot is Israel’s most ambitious mixed-use destination, strategically located at the gateway to Tel Aviv. Inspired by the sea and designed as an open-air boulevard, the project unites premium retail with a 43-storey LEED Platinum office tower. Hosting over 160 international and local brands, including flagship stores of the world’s leading names such as Zara who operate a two-level store, Glilot is delivering record-breaking sales and attracting more than nine million visitors annually. With car-free promenades and a focus on accessibility, the concept creates a vibrant hub for commerce, culture and community, setting new standards for retail in Israeli.

Oman Tourism Development Company (Omran) and Diamond Developers have joined forces to develop a world-class, mixed use project that meets the highest standards of social, environmental and economic sustainability. Perched on the picturesque coastline, overlooking the Gulf of Oman, The Sustainable City Yiti (TSC Yiti) brings together a pioneering vision of sustainability and an unparalleled quality of community living to Oman. The project, designed to improve quality of life for residents, makes no compromises on the needs of future generations. Directed by some of the best thought leaders in the world, TSC Yiti presents opportunities for research and learning, empowering residents to lead the change towards minimising our carbon footprint, realising the goals of the future today. Using clean energy, water & waste recycling, food production, clean mobility and better air quality, Oman’s first net-zero energy city will keep people at its heart. The Sustainable City Yiti follows the blueprint for low carbon living that was pioneered by the first Sustainable City in Dubai in 2016 as it works towards full opening this year.

Another project that has been recently unveiled in Oman is the $4.2bn ‘MAD’ Muscat Marine Art and Digital District, a major coastal development. The project is being developed by Dar Global, the London-listed luxury real estate developer, in collaboration with Art District Real Estate Development. Spanning more than 1.5 million square metres along Oman’s coastline, ‘MAD’ is being designed as a unified multi-destination city that brings together sea-view living, luxury hospitality, cultural expression and emerging financial and digital industries. Conceived as a next-generation coastal district, ‘MAD’ will feature luxury residential communities, curated retail concepts, cultural venues, premium hotels, world-class marinas and next-generation finance and business parks. The district aims to offer a seamless live-work-connect experience rooted in Oman’s martime heritage and long-term economic vision.

On 4 May last year, Cenomi Centers and Unibail-Rodamco-Westfield (URW) signed a 10-year exclusive strategic and franchising partnership agreement, with the option to extend for another 10 years, covering the Saudi Arabian shopping centre market, demonstrating Cenomi Centers’ unwavering commitment to strengthening its leadership position in KSA and the MENA region. Through this new partnership, two flagship sites are on course to open this year.

The first of these is Westfield Jeddah by Cenomi which is being developed in the Al Basateen district within Jeddah’s northern expansion area and is a short driving distance from many higher-income residential zones. Due to open in Q2 2026, the site stands on a busy roundabout, roughly ten minutes by car from the airport and is located near the Corniche, several hotels, key medical facilities and residential districts. Additionally, it has easy access to Makkah. Westfield Jeddah by Cenomi will extend over three floors and have a gross leasable area (GLA) of 104,000sq m. The retail complex will house more than 300 branded retail units including over 50 flagship outlets. It will introduce the city’s first dedicated luxury wing spanning 20,000sq m and accommodating more than 60 brands. More than 30 fashion brands at the mall will be entering the Jeddah market for the first time. Food and beverage provision will be organised into three zones and the scheme will incorporate entertainment areas and activation spaces. It will provide parking for more than 3,500 cars.

Meanwhile, Westfield Riyadh by Cenomi will feature high-end retail outlets, multiple dining formats and a range of leisure amenities including cinemas and gaming arcades. It is scheduled to open in September 2026. Westfield Riyadh by Cenomi will offer a gross leasable area (GLA) of 185,000sq m, including 65,000sq m of Grade A office space and will accommodate more than 300 retail brands and in excess of 75 flagship stores. The development will include distinct zones such as the Boulevard, Fashion Avenue, High Street, Luxury District, Park Avenue, Promenade Walk, Urban Avenue and the Volcano. The project will introduce at least 30 brands to the Riyadh market for the first time and is projected to attract more than 20 million visitors annually. Dining provisions comprise four food and beverage zones and a variety of concepts. Entertainment facilities will include cinema screens and arcade areas.

Under the patronage of the Deputy Governor of the Makkah Region in the gracious presence of the Governor of Jeddah, Souq7 by developer Azad Properties was inaugurated in the Kingdom as the largest open-air retail and entertainment destination back in December. All seven of its specialised zones are now operational across a total of 720,000sq m, merging traditional Saudi market heritage with contemporary retail innovation. Featuring more than 3,500 stores, Souq7 represents a world first in both scale and concept: a modern evolution of the traditional souq that preserves the authenticity, storytelling and community essence of historic Arabian markets while delivering the infrastructure, systems and operational excellence that contemporary consumers and global standards require. The destination’s seven market-style zones include Foodstuff, Fashion, Home and Furniture, Electronics, Automotive, Building Materials and Family and Entertainment. Each of the seven zones features distinct architectural identities and curated experiences designed to serve every customer segment from value-conscious families to experience seekers. Strategically located in the heart of Al-Jamea district in southeast Jeddah, Souq7 occupies a site steeped in commercial heritage, once home to the renowned Amir Mutaib Markets. The destination serves a dense catchment area of over 620,000 residents.

Scheduled to open by Q4 2026, The Avenues – Riyadh is located at the heart of Saudi Arabia in the North of Riyadh City, in a prime position overlooking the intersection of King Salman Road and King Fahad Bridge and extends across a total built up area of 1.8 million square metres. Under development by Mabanee, the scheme is expected to become one of the most prominent investment and commercial destinations in the Middle East with a gross leasable area of around 370,000sq m and will comprise a large mall and five towers. The first tower will include offices, the second tower the Waldorf Astoria Hotel, the third tower residential apartments, the fourth tower the Canopy Hotel and the fifth tower the Conrad Hotel. The project will also encompass parking space for 15,000 vehicles. As for the mall component, it will include 19 cinema halls and nine districts: namely Grand Avenue, Prestige, Grand Plaza, The Forum, Electra, The Souk, The Mall, The Walk and The Oasis. The Avenues – Riyadh reflects the Salmani Architecture, which is characterised by an architectural style that embodies originality and modernity inspired from the past with renewed developmental moulds to reflect its presence in the heart of Najd in Riyadh. It will also feature modern designs within the mall with sustainable and green elements that emulate the vision of the Kingdom.

Sobha Realty, a leading global luxury real estate developer, is continuing construction of its flagship community Sobha Hartland in the heart of Dubai. With an estimated cost of AED 210M, the project blends the vibrancy of retail space with the serenity of an urban park, while ensuring exceptional experiences for residents and visitors. The mall is scheduled to be completed in the second half of 2026. The new mall is being meticulously designed to set new standards for a luxury mall, which perfectly combines nature, culture, gastronomy and recreation. The mall’s exquisite features will provide an inspiring and memorable experience, promoting a sense of community and elevating the quality of life for residents of Sobha Hartland. With a built-up area of approximately 339,000sq ft and a gross leasable area of around 115,000sq ft, the project will house a variety of amenities, including a supermarket, gym, play courts, a soft play/entertainment zone and diverse restaurants offering a wide range of food choices. It will feature 35 retail shops and F&B outlets, along with over 10 unique dining options, establishing a new gastronomic destination for the community.