Aldar Properties, a prominent UAE-based real estate developer, has unveiled an ambitious plan to redevelop two key retail assets, Al Jimi Mall in Al Ain and Al Hamra Mall in Ras Al Khaimah. The comprehensive redevelopment projects, estimated to cost AED 1 billion, aim to meet the evolving needs of customers and transform these malls into vibrant retail destinations aligned with global trends. With a proven track record in mall redevelopment, Aldar Properties aims to elevate the retail experience and create world-class shopping, dining, and entertainment destinations in the UAE.
UAE based Aldar Properties has recently announced its ambitious plans to redevelop two key retail assets, the Al Jimi Mall in Al Ain and the Al Hamra Mall in Ras Al Khaimah. The comprehensive redevelopment projects are estimated to cost AED 1 billion and aim to meet the evolving needs of customers while transforming these malls into vibrant retail destinations with global trends.
The Al Jimi Mall, a favourite among Al Ain residents and visitors, will see a 20% increase in usable area, reaching 91,000 sq m. The redevelopment will introduce new international brands and popular food concepts, enhancing the overall customer journey. Similarly, the Al Hamra Mall will undergo refurbishment and expansion, offering sought-after brands and an expanded food and beverage selection.
Aldar Properties has a proven track record in mall redevelopment, as demonstrated by the successful transformation of Yas Mall. The redevelopment of Al Jimi and Al Hamra Mall will further showcase Aldar's commitment to creating world-class shopping, dining, and entertainment destinations across the UAE.
Both malls will undergo significant facelifts, including upgraded facades, valet parking, and digital solutions to ensure customers' safety and convenience. The projects will be completed in phases, with Al Hamra Mall set to finish by 2024, and Al Jimi Mall's redevelopment expected to be completed by 2025.
The Chief Retail Officer of Aldar Investment Company highlights that these investments in redevelopment will be game-changers for retailers in their respective cities, bringing long-term value to the communities. The revitalized malls aim to offer a world-class shopping experience with top brands under one roof, making them the preferred shopping destinations for locals and tourists alike.
Aldar Properties has proven its capabilities in creating vibrant retail spaces, and with the redevelopment of Al Jimi and Al Hamra Mall, they aim to elevate the retail experience and leave a lasting impression on customers. These projects promise to be significant additions to Aldar's portfolio of successful developments, providing top-notch amenities and attracting top international brands and dining options to enrich the overall shopping and leisure experience for visitors.
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