Aldar Properties is targeting the Abu Dhabi city of Al Ain as a key expansion market for its retail portfolio, driven by its significant local population and vibrant business landscape.
The citys retail sector is set for rapid growth over the next two decades in line with population growth which is expected to increase three fold by 2030.
Al Ains strong fundamentals and its cultural significance within the Emirate of Abu Dhabi have led it to become a key destination for Aldars development strategy with the Garden City playing host to Al Jimi Mall, Remal Mall, Shabhat Plaza, and its residential development Oyoun Village.
Al Jimi Mall, which attracts 8 million visitors annually, is currently undergoing in massive expansion programme to add a further 65 stores by 2018.
Remal Mall currently has more than 175 outlets with a total leasable area of 46,920sqm, hosting many local and international brands.
Aldars other assets in Al Ain include the Shabhat Plaza and Al Oyoun Village, both community-based retail experience.
Talal Al Dhiyebi, Chief Development Officer at ALDAR Properties PJSC, commented: The growing retail sector is supporting evidence of how the city is evolving to become a cultural and community hub.
“At Aldar, our ambition in Al Ain is to complement the existing entertainment and lifestyle amenities in the city to offer visitors a memorable shopping and leisure experience.