{"id":24535,"date":"2016-08-31T21:34:53","date_gmt":"2016-08-31T14:34:53","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=24535"},"modified":"2016-08-31T19:53:42","modified_gmt":"2016-08-31T12:53:42","slug":"dubais-dh25-billion-mall-of-the-world-development-on-the-move-again","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubais-dh25-billion-mall-of-the-world-development-on-the-move-again\/","title":{"rendered":"Dubai&#039;s Dh25 billion Mall of the World development on the move again"},"content":{"rendered":"<p>&#013;<br \/>\nDubai Holding has said that it is relocating its Dh25 billion Mall of the World project to a site fronting Sheikh Mohammed bin Zayed Road.In a statement, Dubai Holding said that the decision to move the site was taken so that it can be based in an area where its &#8220;positive tourism contribution can be fully realised&#8221;.Ahmad bin Byat, the vice chairman and managing director of Dubai Holding, said: &#8220;Tourism remains a major part of Dubai&#8217;s diversification strategy and Mall of the World will be a critical part of that vision. &#8220;Dubai Holding is committed to developing Mall of the World, a major retail and leisure destination in the region, and believes that the new location on Sheikh Mohammad bin Zayed Road will be an outstanding home for the project, as it will allow Dubai Holding to further expand as needed in the future, according to market needs.&#8221;&lt;div class=&#8221;embedObjects&#8221;&gt;&lt;blockquote class=&#8221;twitter-tweet&#8221; data-lang=&#8221;en&#8221;&gt;&lt;p lang=&#8221;en&#8221; dir=&#8221;ltr&#8221;&gt;.&lt;a href=&#8221;https:\/\/twitter.com\/ahmadbinbyat&#8221;&gt;@ahmadbinbyat&lt;\/a&gt; elaborates on the important role Mall of The Wold will play in supporting tourism in Dubai &lt;a href=&#8221;https:\/\/t.co\/cyFXLQzupf&#8221;&gt;pic.twitter.com\/cyFXLQzupf&lt;\/a&gt;&lt;\/p&gt;&amp;mdash; Dubai Holding (@dubaiholding) &lt;a href=&#8221;https:\/\/twitter.com\/dubaiholding\/status\/770954140600205312&#8243;&gt;August 31, 2016&lt;\/a&gt;&lt;\/blockquote&gt;&lt;\/div&gt;The announcement represents the third change in venue for the proposed mega-development. When the project was initially announced in 2012, it was earmarked for a site within Mohammed bin Rashid City. In July 2014, a new 48 million square feet property fronting Sheikh Zayed Road was proposed in the Al Sufouh district on land opposite Mall of the Emirates. Part of this site houses the existing Dubai Police College, which was earmarked for relocation. At the relaunch, Dubai Holding said that it expected to start on site early in 2015 with a view to the first phase completing in 2018.However, at Cityscape last year chief operating officer Morgan Parker said that work needed to be done to make the site more permeable, with more roads running through the site and a major transport node proposed.Dubai Holding did not say where on Sheikh Mohammed bin Zayed Road the site is being relocated to, nor did it give any indication on when work is likely to start on the project.It did say, however, that the project would undergo &#8220;extensive planning work&#8221; to allow it to become a major retail and leisure destination.mfahy@thenational.aeFollow The National&#8217;s Business section on Twitter&#013;<br \/>\n&#013;<br \/>\nSource : thenational.ae&#013;<br \/>\nRead more&#8230;<a href=\"http:\/\/www.thenational.ae\/business\/retail\/dubais-dh25-billion-mall-of-the-world-development-on-the-move-again\" target=\"_blank\">Dubai&#8217;s Dh25 billion Mall of the World development on the move again<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#013; Dubai Holding has said that it is relocating its Dh25 billion Mall of the World&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-24535","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-6nJ","jetpack-related-posts":[{"id":24797,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sheikh-mohammed-launches-jumeirah-central-project-in-dubai\/","url_meta":{"origin":24535,"position":0},"title":"Sheikh Mohammed launches Jumeirah Central project in Dubai","date":"September 3, 2016","format":false,"excerpt":"\r Dubai Holding has announced the launch of a major new city district fronting Sheikh Zayed Road that will have up to 35,000 new homes, 9 million square feet of retail space and 7,200 hotel rooms.The Jumeirah Central project will contain 47 million sq ft of gross floor area along\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":39421,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-harbour-sheikh-mohammed-unveils-major-new-project-with-middle-easts-biggest-marina\/","url_meta":{"origin":24535,"position":1},"title":"Dubai Harbour: Sheikh Mohammed unveils major new project with Middle East&#039;s biggest marina","date":"January 2, 2017","format":false,"excerpt":"\r A major new waterfront development featuring the Middle East's largest marina capable of handling 1,400 vessels is to be built on the Dubai waterfront.The 20 million square foot Dubai Harbour project will be developed by Meraas Holding and will contain a 135 metre-high tower, Dubai Lighthouse, that will house\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":45566,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/al-gergawi-to-leave-dubai-holding-post\/","url_meta":{"origin":24535,"position":2},"title":"Al Gergawi to leave Dubai Holding post","date":"February 26, 2017","format":false,"excerpt":"\r Mohammad Al Gergawi is to step down as the chairman of Dubai Holding after 18 years at the helm of the conglomerate that owns hospitality business Jumeirah Group and Tecom business parks. The replacement for Mr Al Gergawi, who had held his position since the investment group was founded,\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":34556,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uae-megaprojects-2016-in-pictures\/","url_meta":{"origin":24535,"position":3},"title":"UAE megaprojects 2016 &#8211; in pictures","date":"November 16, 2016","format":false,"excerpt":"\r New developments continue to spring up in the UAE, among them residential projects, infrastructure and entertainment venues. 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