{"id":48210,"date":"2017-03-16T02:05:00","date_gmt":"2017-03-15T19:05:00","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=48210"},"modified":"2017-03-15T23:21:57","modified_gmt":"2017-03-15T16:21:57","slug":"work-set-to-start-on-dubais-meydan-one-mall","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/work-set-to-start-on-dubais-meydan-one-mall\/","title":{"rendered":"Work set to start on Dubai's Meydan One mall"},"content":{"rendered":"


\nA groundbreaking ceremony was held at the 40.4 million-square-foot Meydan One site on Wednesday evening to mark construction of the project’s retail mall situated between the existing Meydan racecourse site and Al Khail Road.The new mall will contain about 620 shops, including a pair of department stores and a 131,150 sq ft hypermarket. It will also have a 1,315 ft-long Central Canyon space running through the middle of the mall, which will be flanked by luxury retail units. It will also have a 258,300 sq ft multi-purpose sports facility with courts for football, basketball, indoor cricket and various racket sports, a 160m x 100m retractable roof light, more than 100 food and beverage outlets, a 21-screen cinema and parking for over 12,000 cars.The mall will sit at the centre of the 40.4 million sq ft Meydan One project – a plot of land that will include the 711-metre-high Meydan One tower, 1km-long indoor ski slope, a 380-metre-long display of dancing water fountains and a multi-purpose sports facility. The groundbreaking ceremony was led by Sheikh Mohammed bin Rashid, Vice President of the UAE and Ruler of Dubai .Saeed Al Tayer, the chairman of developer Meydan, said: “In our vision for Meydan One we have brought together all the wonders of a retail and leisure experience into one space, making this the No 1 destination for the UAE and indeed, the Middle East.\u00a0 “With construction now under way, the Meydan One Mall is scheduled to be completed by 2020, in line with phase one of the Meydan One mega-development.”The Meydan One development was initially unveiled in August 2015.A study published last week by consultancy Core Savills stated that Dubai’s retail stock increased by 8 per cent last year to nearly 3.2 million sq metres (nearly 35 million sq ft). It said that the city’s retail supply stock is likely to grow by a further 25 per cent over the next three years, as projects such as The Dubai Mall expansion and the new Nakheel Mall at Palm Jumeirah are completed.Despite this, rents are holding up, according to Core Savills’ chief executive David Godchaux.”Despite the softening regional economic conditions, demand from retailers has not seen a significant dip, with stable preleasing activity witnessed in The Dubai Mall expansion and other strategically located, under-construction malls nearing completion,” he said.mfahy@thenational.aeFollow The National’s Business section on Twitter
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\nSource : thenational.ae
\nRead more…Work set to start on Dubai’s Meydan One mall<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A groundbreaking ceremony was held at the 40.4 million-square-foot Meydan One site on Wednesday evening...<\/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-48210","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-cxA","jetpack-related-posts":[{"id":39103,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/meydan-raises-dh1-billionn-to-get-projects-moving-ahead-of-expo-2020\/","url_meta":{"origin":48210,"position":0},"title":"Meydan raises Dh1 billionn to get projects moving ahead of Expo 2020","date":"December 28, 2016","format":false,"excerpt":"\r The Dubai-based developer Meydan has raised Dh1 billion through a new Islamic financing facility and plans to use it to develop current and future projects, including Meydan One at Mohammed Bin Rashid City and its project on the banks of the extended Dubai Canal.The funding was arranged by Abu\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":39123,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/meydan-raises-dh1-billion-to-get-projects-moving-ahead-of-expo-2020\/","url_meta":{"origin":48210,"position":1},"title":"Meydan raises Dh1 billion to get projects moving ahead of Expo 2020","date":"December 28, 2016","format":false,"excerpt":"\r The Dubai-based developer Meydan has raised Dh1 billion through a new Islamic financing facility and plans to use it to develop current and future projects, including Meydan One at Mohammed Bin Rashid City and its project on the banks of the extended Dubai Canal.The funding was arranged by Abu\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":51384,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/azizi-awards-dh1-7bn-worth-of-contracts-to-build-apartment-blocks-at-meydan-one\/","url_meta":{"origin":48210,"position":2},"title":"Azizi awards Dh1.7bn worth of contracts to build apartment blocks at Meydan One","date":"April 9, 2017","format":false,"excerpt":"\r Azizi Developments has awarded two contracts at Meydan One in Dubai to build 35 new apartment blocks worth a total of Dh1.7 billion.The company, which bought 186 plots at Meydan One in February from the master developer Meydan, said the land it has bought has been amalgamated into sites\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":16270,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/meydan-raises-funds-through-sukuk-and-term-loan\/","url_meta":{"origin":48210,"position":3},"title":"Meydan raises funds through sukuk and term loan","date":"June 12, 2016","format":false,"excerpt":"\r The Meydan Group has raised Dh1 billion in debt funding, which the company has said will help to improve its capital structure and provide cash for new projects.The company, which owns and operates Dubai's main racecourse and an adjoining hotel, raised the money through a Dh700 million sukuk and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":48344,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/salini-impregilo-lands-435m-contract-to-build-dubais-meydan-one-mall\/","url_meta":{"origin":48210,"position":4},"title":"Salini Impregilo lands $435m contract to build Dubai's Meydan One Mall","date":"March 17, 2017","format":false,"excerpt":"\r The Italian contractor Salini Impregilo said on Thursday it won the US$435 million contract to build the new Meydan One Mall in Dubai, for which a groundbreaking ceremony was held on Wednesday evening. The contractor said that it would be responsible not only for building the mall but also\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":41092,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sobha-launches-quad-homes-at-8-million-sq-ft-hartland-site\/","url_meta":{"origin":48210,"position":5},"title":"Sobha launches 'quad homes' at 8 million sq ft Hartland site","date":"January 18, 2017","format":false,"excerpt":"\r Developer Sobha Group yesterday announced plans to build up to 80 \"quad homes\" at its US$4 billion Sobha Hartland project in Mohammed bin Rashid City.Sobha said that the freehold town houses will be arranged in small clusters of up to four properties each and contain 3,300 square feet of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/48210"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=48210"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/48210\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=48210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=48210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=48210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}