ERBIL | Royal Mall | COMPLETE

[RHL]

A new mall located in Shoresh Intersection on 60m street (on the opposite side of Jaleel Al-khayat Mosque جامع جليل الخياط )

Renders










Construction

[RHL]

Discount retailer branches out to Arbil

ISTANBUL - Anatolia News Agency
Local discount retailer Kaliteli İndirim Marketleri (KİM) is planning to open two stores in northern Iraq, the semi-autonomous Kurdish region, in its first investment abroad, according to a top executive.

“We have met all the necessary official requirements and inked deals in January. We will inaugurate two supermarkets in Arbil in May,” said Hamit Akçay, general manager of KİM, adding that another supermarket will be opened in Iraq this year.

The discount retailer plans to open stores in other Iraqi cities including Suleymaniyah, Basra, Mosul and Baghdad, according to Akçay. In the long term 10 stores will be opened per year in Turkey’s southern neighbor and the turnover target for 2012 in Iraq is $25 million, he said.

“The first of the stores will be inside a shopping center called Royal Mall, located on one of the most busy avenues. We will open a 2,500 square meter of a supermarket in the shopping center. Our second store will be across Arbil Fortress, which is the historical centre of the city.”

January/17/2012
source: http://www.hurriyetdailynews.com

[elusive]

beautiful thanks RHL! when is the opening?

[RHL]

I think it will open in May

[Basrawii]

I think we will see similar compact malls in south Iraq soon.

[Assyrian]

Originally Posted by RHL

Do you guys see the location of that coffee shop down there? I'm thinking of opening a coffee shop and I asked the owner about this location, and he said 2,000 dollars a month. What do you think, too high?

[Euphrates]

Originally Posted by Assyrian

Do you guys see the location of that coffee shop down there? I'm thinking of opening a coffee shop and I asked the owner about this location, and he said 2,000 dollars a month. What do you think, too high?

Depends on the location..

If you can potentially attract many customers from the location due too the surrounding shopping environment then it's worth it.

You must take into account close coffee shops as they'll be your competitors, if this is the case, then it's probably not worth it, since it'll be difficult to compete with an existing business in close proximity to your new business.

There are many factors to consider if you wan't to value how worthy the rent price is..

I worked in a similar location in one of London's biggest malls, selling ceramics (it wasn't easy)

[Assyrian]

Thanks alot Euphrates. Rent is becoming a real problem in Erbil - residential and commercial. I lived in the US for 15 years, for that price, you can open with a bigger space right in the heart of New York!

Royal Mall looks promising, but what worries me is down the street (About 1 mile down) they're building a much bigger and alot better looking mall (Mega Mall) that I think will be the next big hit here in Erbil.

[Euphrates]

Originally Posted by Assyrian

Thanks alot Euphrates. Rent is becoming a real problem in Erbil - residential and commercial. I lived in the US for 15 years, for that price, you can open with a bigger space right in the heart of New York!

Royal Mall looks promising, but what worries me is down the street (About 1 mile down) they're building a much bigger and alot better looking mall (Mega Mall) that I think will be the next big hit here in Erbil.

Yes, Megamall is almost complete anyway : http://www.skyscrapercity.com/showthread.php?t=1094913

You should ask for the rent price before the opening of Megamall, speak to contractors, maybe it's slightly cheaper than the asking price of Royal mall, also look at the space they're offering.
(The rent price is probably very similar)
Find out the rent price, compare and evaluate with Royal Mall. It's your pick.

[Chounz]

Very nice mall I like it..


And $2,000 is too much in my opinion, not worth it.

[ABDUL20]

[Chounz]

Wow Ecco, Katan, Second Cup..... good stuff. *thumbs up*

[mohammed ghani]

[mohammed ghani]

[mohammed ghani]

[mohammed ghani]

TODAY

[Sinjar]

Nice how is it inside? Is it bigger than Majidi and Family Mall?

[mohammed ghani]

Yes it is bigger than majdi and family

[BigDreamer]

is this project complete ?

it looks complete to me

[mohammed ghani]

Yes The project was completed