Majid Al Futtaim and Al Jazira Sports and Cultural Club have partnered to bring the AED1.4 billion City Centre Al Jazira mall to the UAE capital, offering indoor and alfresco dining spaces.
In addition to F&B, it will feature 153 retail stores, a Carrefour Hypermarket, a 15-screen VOX Cinemas, Magic Planet family entertainment destination, a City Centre Clinic and a fitness centre.
Saeed Mohammed bin Batti Al Qubaisi, chairman of Al Jazira for Investment at Al Jazira Sports and Cultural Club, commented: “The Al Jazira Sports and Cultural Club is a renowned and long-time established institution that believes in empowering and developing communities.
“By joining forces with Majid Al Futtaim, we are thrilled by the opportunity to play a role in the creation of a new lifestyle destination that will bring people together in the heart of the capital, Abu Dhabi.”
Construction on the project, located between Airport Road and Al Muroor Road is set to begin in October 2017, and is scheduled for completion in early 2021.
The total leasable area is expected to be 80,500 sqm in a built-up area of 215,000 sqm.
Mohammed Haji Khouri, chairman of the joint venture, said: “As part of Al Jazira Club’s vision to diversify its investments, the new shopping destination is an important addition to other investment projects which ensures the sustainability and diversity of Al Jazira Club’s portfolio.”
Ghaith Shocair, chief executive officer shopping malls, Majid Al Futtaim Properties, added: “City Centre Al Jazira marks a significant investment from Majid Al Futtaim into the UAE capital, driven by Abu Dhabi’s growing and affluent residential market and world-class infrastructure development projects, from transportation to museums.
“Bringing the City Centre brand of shopping malls to the capital will open the doors to an integrated shopping, lifestyle and entertainment destination for the community and contribute to Abu Dhabi’s vision that aims to develop a competitive, sustainable and globally open economy.”
City Centre Al Jazira is part of Majid Al Futtaim’s plans to increase its total investment in the UAE by AED30 billion by 2026, taking its total investment in the country to AED48 billion.
Majid Al Futtaim’s upcoming malls including City Centre Al Zahia in Sharjah, My City Centre Al Dhait in Ras Al Khaimah and My City Centre Masdar – located in Abu Dhabi and set to open by the end of 2018.
