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At least 10 new malls, four-five shopping centers and three-four hyper markets are planned within Doha and the neighboring areas within the next four years, a report by Al Asmakh Real Estate Development Company (Aredc) indicates.

The highest demand for existing and new outlets has been coming from the garment segment and luxury brand stores. Restaurants and coffee shops come next, says the report.


About 1.05mn sqm net leasable area can be delivered only in mall segment, which is nearly double the existing net leasable area within malls.

About 550,000 sqm net leasable area is expected to be delivered on and near Al Shamal Road which is 53% of the expected supply and 96% of existing net leasable area among 13 operational malls, it said.

Upon completion of all proposed mall projects, the total net leasable areas among all existing and upcoming malls would be 1.61mn sqm.

Retail development, which has already entered the recovery cycle in the second quarter of this year, is the second largest construction activity after residential development.

Gulf Times

3 September

UAE NEWS

10 new malls coming up in Qatar

At least 10 new malls, four-five shopping centers and three-four hyper markets are planned within Doha and the neighboring areas within the next four years, a report by Al Asmakh Real Estate Development Company (Aredc) indicates.

The highest demand for existing and new outlets has been coming from the garment segment and luxury brand stores. Restaurants and coffee shops come next, says the report.

New city to rise within Dubai: Shaikh Mohammad

The new city will feature world class leisure facilities for 35 million visitors

 

WAM

 

Published: 16:07 November 24, 2012

 

Dubai: His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice- President and Prime Minister of the UAE and Ruler of Dubai, has announced the establishment of a new city within Dubai, setting new benchmarks in urban development in the region.

 

Doha Metro to have 48 stations

The 131-km Doha Metro Railway will have at least 48 stations and half of the entire facility would be built underground at depths up to 50 meters. In a presentation, Qatar Rail commercial manager Stephen Lines disclosed that the elevated portion of the Metro railway is 48km long. Construction has started this year and it is expected to be completed in 2019.

 

Qatar to invest $200bn into construction by 2022

Qatar plans to invest over $200 billion in construction projects by 2022, a recent Deloitte report has found, as the Gulf Arab country gears up to meet the demands of the 2022 World Cup and beyond.

Ashghal to award $329.5 million contracts for healthcare projects

Qatar’s Public Works Authority (Ashghal) announced on Wednesday that it would award work contracts worth $329.5 million for seven major projects, including new health centres and additional operation theatres at the Hamad General Hospital.

 

The projects are part of Ashghal’s ambitious $3.90 billion plans for 2013/2014 to develop 124 building projects across Qatar, a report in Gulf Times, a local Doha based newspaper, said.

 

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