Completion of expansion gives the developer a $272mnm asset in the city
Aldar Properties has announced the official opening of a major expansion and outdoor retail park at Al Ain’s Al Jimi Mall, giving the developer a $272 million asset in the oasis city, which will see the arrival of more than 100 new brands and F&B outlets, bringing the total count to more than 200 shops.
Located in the heart of Al Ain, Al Jimi Mall provides a diverse range of retail options, including the city’s first outdoor ‘Retail Park’ concept, as well as new fashion and furniture stores. There will be nine new F&B outlets at the Retail Park, along with Al Ain’s first eight-screen Vox Cinemas. These include two Theatre by Rhodes, one MAX cinema and a KIDS cinema, in addition to four regular VOX Cinema screens.
The extension adds 33,000sqm of gross leasable area (GLA) to the mall, which is over 96% leased. It also includes 1,200 extra car parking spaces, doubling the capacity of the mall’s existing parking lot and making access easier and more convenient for customers.
“Reflecting Aldar’s commitment to serving the needs of the local community, Al Jimi Mall will appeal to Al Ain’s evolving shopper experience and be the go-to destination in the city.
“Given Al Ain’s significant population and vibrant business landscape, the city has become a key expansion market for Aldar’s diverse retail portfolio, and the successful delivery of Al Jimi Mall’s extension further demonstrates Aldar’s commitment to deliver desirable destinations,” said Jassem Saleh Busaibe, chief executive officer of Aldar Investments.
Al Jimi Mall is part of Aldar Investments, a wholly-owned subsidiary of Aldar and the region’s largest diversified real estate investment company, following its establishment last year.
To celebrate the expansiona ceremony was held and attended by Sheikh Hazza bin Tahnoun bin Mohammed Al Nahyan, Under-Secretary of the Court of the Abu Dhabi Ruler’s Representative in Al Ain. He was joined by Talal Al Dhiyebi, Aldar’s CEO.
The grand opening celebrations will take place on the evening of Wednesday 13th March, and Thursday 14th March, for two nights of spectacular laser and 3D mapping shows, live entertainment and special promotions, Aldar said in a statement.
Al Jimi Mall is now home to a total of 34 F&B outlets including The Coffee Club, Costa, Triangle, and Café Afi, while the retail park will host a water feature and an events plaza along its terrace.