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Dubai Project Development Other projects under construction and development



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Old March 12th, 2011, 02:29 PM   #1
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#PROJECT: DEIRA CITY CENTRE REFURBISHMENT

I know it looks like a minor project...but its CITY CENTRE! it sounds like they might be doing something near the metro station entrance.

Dubai shopping mall to add 55 new stores in 2011
By Andy Sambidge

* Saturday, 12 March 2011 3:10 PM


Fifty-five new stores and 30,000 sq ft of extra space will be created at Deira City Centre this year as part of a refurbishment programme, it was announced on Saturday.

Majid Al Futtaim Properties' flagship mall will see a new Marks & Spencer, Toys 'R' Us and a fitness facility added as part of the plans, the company said in a statement.

Other features will include a new entrance from the metro station, new prayer room, and the redevelopment of the current jewellery and textile courts.

Other international retailer such as Aeropostale and American Eagle will arrive at the mall, the company added.

"Al Futtaim Retail is excited by the opportunity to introduce two of our key brands to a flagship centre such as Deira City Centre, one of Dubai's longest standing and hugely popular mall," said Jonathan Price, managing director, Marks & Spencer, Al Futtaim Retail.

Fuad Al Najjar, vice president, Deira City Centre, added: "Research has demonstrated that Deira City Centre retains a loyal following among a significant proportion of Dubai residents and visitors, and our 2011 enhancement is an opportunity to welcome new destinational brands."

http://www.arabianbusiness.com/dubai...11-386231.html

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Old March 12th, 2011, 02:30 PM   #2
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p.s - could a mod fix the title please...

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Old March 13th, 2011, 10:58 AM   #3
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http://www.ameinfo.com/258928.html

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Old March 13th, 2011, 02:03 PM   #4
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What a great collection of new shops!!

I wonder if it will have a direct link to the Metro Station like MoE?
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Old March 14th, 2011, 11:27 AM   #5
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A great place to post this photograph

Sounds like the proposed development will take place to the left of the car park seen on the left of the picture....

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Old April 18th, 2011, 01:06 PM   #6
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so apparently M&S has ALREADY opened at city centre! I didnt see it but there were sogns EVERYWHERE FOR IT! the jewellery court was closed from one end.



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Old April 18th, 2011, 01:18 PM   #7
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ha ha..... will we?

Actually, yes, with all those new anchor stores, we probably will
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Old April 25th, 2011, 03:00 PM   #8
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so I went to Citycentre today and theur map shows what they are doing...but M&S has taken Next's old location and next is now near pull and bear.

but magrudys is gone...and toys r us is taking their place



im guessing the jewellery courts and textile courts are being combined into one...and the old jewellery court is being redevloped.



and there is a WHOLE new section being added...


which from the looks of things the entrace will be from here..




also anyone notice Jawad Home has gone...

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Old May 4th, 2011, 01:22 PM   #9
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cool update! Thanks
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Old June 22nd, 2011, 08:56 AM   #10
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not directly related but I think its imp

Majid Al Futtaim May Sell Five-Year Bonds for Expansion, Debt Refinancing
By Zainab Fattah and Arif Sharif - Jun 21, 2011 9:00 AM GMT+0400

Majid Al Futtaim Holding LLC, the Dubai-based owner of the City Center shopping malls, may sell five-year bonds to help refinance borrowings, fund expansion and extend debt maturities.

“The bond market offers the right maturity profile for us,” said Daniele Vecchi, group treasurer for the company. Banks prefer to lend for two to four years while it takes longer than that to build a shopping mall and for it to begin generating cash, he said.

Majid Al Futtaim announced a $2 billion medium term note program June 14, filing a prospectus with the London Stock Exchange. Barclays Capital, Emirates NBD PJSC (EMIRATES) and Standard Chartered Plc (STAN) will arrange the transaction.

Dubai’s government on June 15 raised $500 million from the sale of 10-year bonds, which received more than $1.8 billion in bids from more than 90 investors. Government-owned Emirates, the world’s biggest airline by international traffic, on June 1 raised $1 billion from the sale of five-year bonds.

Majid Al Futtaim’s first bond sale “will not be an aggressive issue” as the company plans to be a recurring seller as it exchanges loans for bonds, Vecchi said. “So we will be looking in the five year because that’s where the banking market starts to be a bit weak in terms of liquidity.”
Long-Term Debt

Majid Al Futtaim posted a loss of 144 million dirhams ($39 million) in 2010 compared with a profit of 479 million dirhams in the preceding year. Long-term debt stood at 8.5 billion dirhams at the end of 2010, according to the prospectus.

The company in May 2010 said it plans to invest $3.5 billion to develop shopping malls in Egypt, Lebanon, Syria and the United Arab Emirates. Its shopping mall in Beirut will be completed in October 2012 and it is proceeding with plans to build a mall in Cairo at a cost of 2.8 billion dirhams.

Standard & Poor’s assigned the company a rating of BBB, the second-lowest investment grade score.

Majid Al Futtaim ‘s business is supported by rental income from its shopping malls and “a large food retail exposure through our Carrefour franchise, which are relatively defensive businesses and performed extremely well through the crisis,” Vechhi said.

http://www.bloomberg.com/news/2011-0...or-growth.html

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Old June 22nd, 2011, 08:58 AM   #11
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also:

UAE movie theatre chain Cinestar gets brand overhaul
By Joanne Bladd

Sunday, 19 June 2011 6:08 PM

Majid Al Futtaim Ventures, a subsidiary of UAE conglomerate MAF Holding, said Sunday it has rebranded its chain of Cinestar movie theatres as VOX Cinemas.

The company, which operates five cinemas across the UAE, plans to open the “first of many planned” theatres outside the Gulf state in Beirut next year, it said in an emailed statement.

The chain also plans to roll out what it claims is the UAE’s first 4K digital cinema technology across its screens and introduce 3D films to its premium-class theatres.

MAF Holding bought the rights to the Cinestar chain in the UAE in October in an $77.1m deal with Australian entertainment operator Amalgamated Holdings.

The firm sold its 49 percent stake in MAF Greater Union, a joint venture between AHL and Majid Al Futtaim Group, leaving MAF Holding the sole owner.

Majid Al Futtaim Group is the largest developer and operator of shopping malls in the Middle East, with a retail portfolio that includes Mall of the Emirates, Dubai and Mirdif City Centre.

http://www.arabianbusiness.com/uae-m...ul-405914.html

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Old June 22nd, 2011, 01:16 PM   #12
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Interesting! Thanks for sharing
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Old October 16th, 2011, 11:16 AM   #13
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ok...so I drove past P1 of DCC and saw that they are adding a whole new level under the existing city walk level...will try and take pics...

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Old October 21st, 2011, 04:13 PM   #14
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Dubai's Deira centre adds shops and eateries

Rory Jones

Oct 20, 2011

Deira City Centre has expanded the number of outlets in the mall, joining a number of other shopping centres in Old Dubai that are adding retail space.

The mall has added 55 stores and restaurants, a total of 3,065 square metres of retail, to the 370 businesses it already accommodates.

"Our expansion is creating an enhanced experience for both our loyal customers and new visitors to the mall from new shopping experiences, new amenities and greater accessibility on all fronts," said Fuad Al Najjar, the asset director for the mall.

The new brands at the mall include Tommy Hilfiger, Marks & Spencer, Toys 'R' Us and a 2,000-sq metre Fitness First. More than 15 speciality gold and jewellery stores have also reopened or been added to the mall's retail mix.

Both BurJuman mall and Al Ghurair Centre recently announced expansions as they try to compete with newer, bigger malls in the new parts of Dubai.

Al Ghurair is spending Dh2 billion (US$544.5 million) to add 150 stores to the current 200, and BurJuman is to be increased by 25 per cent in size to nearly 93,000 sq metres.

Visitor numbers at the malls have increased since the opening of the Dubai Metro's Green Line, while Deira City Centre is building a bridge to connect shoppers to the transport system.

rjones@thenational.ae

http://www.thenational.ae/featured-c...s-and-eateries

What bridge are they talking about??
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Old October 21st, 2011, 08:12 PM   #15
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its the floor they are adding UNDER city walk...which means u wont have to go up two floors till u reach the main mall area...u wuld only have to go up one level...

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Old November 2nd, 2011, 02:08 PM   #16
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from today:



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Old November 2nd, 2011, 02:21 PM   #17
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Cool update. Thanks
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Old December 4th, 2011, 01:58 PM   #18
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I think that this is completed or some of the new shops have opened.
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Old December 4th, 2011, 02:44 PM   #19
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Tim Hortons has opened but i dont think the second level of city walk has...

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Old December 5th, 2011, 11:54 AM   #20
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Quote:
Originally Posted by THE DUBAI GUYS View Post
Tim Hortons has opened but i dont think the second level of city walk has...

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You can go here for more updates. I understand from information on their website that you can walk from the mall to the Metro, but they are still doing some beautification.
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