Country Reports - UAE

Majid Al Futtaim Builds New Community Mall

February 2017

Country Reports - UAE

Majid Al Futtaim Builds New Community Mall

February 2017

The Middle East and North Africa's well-known shopping mall, retail and leisure pioneer, Majid Al Futtaim, continues its expansion and announces today a new project in Abu Dhabi - "My City Centre Masdar". The new mall will be located in the heart of Masdar City, one of the world's most sustainable urban developments, with easy access to adjacent developments and connectivity to planned smart public transport options including buses, light rail transit (LRT) lines, Group Rapid Transit (GRT) vehicles and the metro network. Set to open by the end of 2018, My City Centre Masdar will deliver a convenient, neighborhood retail experience which meets the daily shopping needs of more than 75,000 estimated consumers in surrounding areas. It will include 60 outlets across 18,000 m2 of gross leasable area (GLA), including a Magic Planet family entertainment center, a 5,760 m2 Carrefour Hypermarket, a City Centre Clinic to provide community-focused healthcare services, and convenient dining options for both residents and professionals within Masdar City. Today around 2,000 people work at Masdar City and its residential population is expected to exceed 3,500 people within the next two to three years. Around 35 percent of the City's planned built-up area will be completed over the next five years and nearly 30 percent has already been committed to, including private homes, schools, hotels and additional office space. Up to 40,000 residents and 50,000 workers and students will be based at Masdar City by 2030.

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