Nakheel, one of the world’s leading developers, said it has received three contruction proposals for its new retail, dining and entertainment hub to be built at Deira Islands in Dubai, UAE.

These proposals were submitted ahead of the February 20 deadline, with lowest bid starting from Dh4.2 billion ($1.14 billion), said a statement from the company.

Deira Mall will be located at the heart of Deira Islands, Nakheel’s new, 15.3 sq km waterfront master community that will contribute to Dubai’s 2021 vision by transforming the area traditionally known as ‘Old Dubai’ into a world-class hub for retail, tourism, living and leisure.

With four million sq ft of leasable space, the upcoming retail destination will feature over 1,000 shops, cafes, restaurants and entertainment outlets across three floors.

A state-of-the art atrium will have retractable roofs to bring natural light into the complex and allow open air shopping in cooler months. There will also be a multi-storey car park with nearly 8,400 spaces.
   
Deira Mall will be the centrepiece of Deira Boulevard, a new Dh5 billion ($1.36 billion) Nakheel community with 16 residential towers, almost 2,900 apartments and extensive retail, restaurant and recreation space.

Together, the Mall and Boulevard will have around 4.5 million sq ft of shop space. A construction tender for Deira Boulevard was released last month.

Deira Mall is one of two large-scale retail projects by Nakheel Malls at Deira Islands. The other, Deira Islands Night Souk, is set to become the world’s largest night market, with 5,300 shops and almost 100 quayside cafes and restaurants, said the Nakheel statement.

Construction is in full swing, with the project due for completion in 2018.  All units at the Night Souk have been fully leased, it stated.

Deira Islands itself will add 40km, including 21km of beachfront to Dubai’s coastline and pave the way for hundreds of tourism, leisure and residential developments including hotels, resorts, serviced apartments, mixed-use buildings and waterside homes, it added.-TradeArabia News Service