|01-04-2015, 01:00 PM||#1|
Nakheel`s circle mall bookings pass 30%
Nakheel, one of the leading real-estate developers in UAE, said early December that more than a third of shop space at the Jumeirah Village`s Circle Mall in Dubai has been booked.
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.
This project, like other mega projects, allows Nakheel to expand and diversify its retail portfolio further locally and globally to remain on of the top of the leading real estate developers in the Gulf and Middle East regions.
In November, Nakheel leased out more than 90% of its latest retail development, Warsan Souk in Dubai.
Nakheel mainly aims 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.
Both of these initiatives continue to boost the activity and expansion of small and medium enterprises (SMEs) across the country.
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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