|12-26-2014, 12:01 AM||#1|
Nakheel`s circle mall bookings to reach 50%
One of the leading real estate developers in UAE, Nakheel, saw bookings pass 30% in almost two weeks only to reach 50% as soon as it started to lease 400,000 square feet of shops at The Circle Mall at its Jumeirah Village Circle (JVC) community in Dubai.
The Circle Mall features 200 shops, an anchor supermarket, two department stores, a multi-screen cinema along with a diversity of dining outlets including a food court.
The project like many other huge ones allow Nakheel to expand and diversify its retail portfolio further locally and globally to remain one of the leading real estate developers in the Gulf and Middle East region.
Last month as well Nakheel leased out more than 90% of its latest retail development, Warsan Souk in Dubai.
Nakheel major target is to attract young Emirati entrepreneurs to occupy most of the 1,000 shops, 30 cafes and restaurants available in Warsan Souk and accordingly give an opportunity to new stores to open across the UAE.
Also both of these initiatives continue boosting the activity and expansion of small and medium enterprises across the country (SMEs).
SMEs are a major booster to the UAE economy, contributing to almost 60% of non-oil gross domestic product and 86% of private-sector employment, according to the Ministry of Economy.
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