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Thought this needed its own thread.


Leading retailers, property developers and investors attending MAPIC, one of the world's major retail real estate events, will have a closer look at Aldar's 'Yas Mall', a Super Regional facility which will provide in excess of 700 retail and catering units including four major department stores and six hotels.



The Super Regional Yas Mall will serve not only the local and regional markets but also the millions of tourists visiting Yas Island's host of tourist and leisure attractions, including the world's first Ferrari Theme Park, a water park and the 2009 Formula 1 Yas Marina Circuit which will host the Etihad Airways Abu Dhabi Grand Prix in November 2009

'The Mall will serve one of the most affluent populations in the world, with Abu Dhabi already ranking among the world's top list in terms of GDP per capita. The capital's local population is expected to increase by 40 % in the next five years. By then, Abu Dhabi hopes to draw some 2.7 million tourists. Yas Mall , on account of its strategic location will be best placed to serve both the national and international customer,'
comments Mohammed Al Mubarak, Aldar's Chief Commercial Officer.

The Yas Mall will feature a fantastic line up of brand name stores from around the world, along with the world's most dazzling video and water displays. It will be the focal point for the community playing host to a variety of tastes and budgets, special events, exclusive exhibitions and cinema premieres.

Philip Vaughan, Director of Retail Development, Aldar Properties, comments:
'MAPIC is a great opportunity to reveal details of Aldar Super Regional Yas Mall. We are also keen to show investors and industry leaders the progress across our entire retail portfolio. On completion in 2011, the Mall's retail area will amount to some 460,000 m2 and together with the adjoining theme parks will total a massive 780,000 m2 of retail and leisure.'

Yas Mall will be directly connected to the themed attractions on the Yas Island, including the Ferrari World Abu Dhabi theme park and the water park. There will be high level dining terraces and garden areas as well as a lush interior environment and beautiful water features, all contained under the one spectacular roof.

The design of Yas Mall has been inspired from the best retail destinations in the world to create something unique and inspiring to visitors. Extra emphasis has been applied to create a uniquely positive customer experience, through accessibility and tenant mix.

'Our participation in MAPIC is expected to encourage greater international retail investments in Abu Dhabi, and defines Yas Mall as one of the world's largest lifestyle, shopping and entertainment destinations,' added Vaughan.

MAPIC on it's 14th edition, will have over 2,300 retail developers from 71 countries, and more than 1,050 exhibitors with a comprehensive range of retail real estate projects, that will offer an incomparable perspective of the sector.

 

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On Hold

Aldar stopped the works at Yas Mall for a complete re-design for at least 6 months. I'm not sure about the reasons as there are different rumors: appointment of a new architect and/or down-scaling of the entire mall due to a lack in demand for retail space and/or Aldar running out of cash and/or .....whatever. But it's stopped for sure.
 

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Discussion Starter · #6 ·
I had a feeling this was coming..
To be honest I'm not really familiar with the malls of Abu Dhabi, but at the moment this mall is in a location where its only going to be busy several times a year - when there's race's on. Also there's probably going to be no residential units around Yas Island for another 2/3 years, maybe more. So is there really any point of constructing a mall of this size now just to leave empty when its finished?
 

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Yes, but...
Considering it was supposed to open only in 2012 and it would be the only mall off AD island (except Al Raha mall which is rubish) easily accessible from Al Raha, Khalifa City, etc and it's perfectly located at the new AD-DXB freeway, I don't think it would come too early.
And if it is postponed to say 2013 or even later, Ferrari World and the rest of Yas would have to survive for 3 years or more without "supporting infrastructure". For sure a shopping mall makes more sense on a huge dusty construction site than 8(!) hotels.
But who knows, maybe they are changing the design now to open in phases and a phase 1 maybe already before 2012.
BTW, there are already 40,000 residents on the island - in the labour camps...
 

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Looks like the delay to the proposed mall on the island is true. Does anyone have exact details as to why is it being delayed or has the project being completely scrapped.If delayed when can we expect the mall to open.Is the delay becos of design change or is there a change in the size of the mall, is it going to be phasesd(how many phases)....can we still expect the mall to be open in 2013?
 

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Spoke to a couple of people from Aldar a couple of days ago. They say the Yas Mall will be ready by 2013, and it would not be a phased project.The ferrari world would be up by end 2010, and adjoining retail facilities(retail pavilion) between the ferrari themed facility and the actual mall would be ready with it.
Fingers crossed.
 

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Aldar brings Abu Dhabi's first Geant store to Yas Island

Real estate developer signs long-term lease with Retail Arabia

# By Himendra Mohan Kumar, Staff Reporter | Published: 00:00 May 18, 2010


Geant will be the anchor hypermarket in Yas Mall, a 250,000 square metre mall featuring a wide range of retail stores. The largest Ikea store in the GCC will also be built in the mall by next February.

*Image Credit: Supplied

Abu Dhabi: Abu Dhabi's Yas Island is emerging as a new retail hub with Aldar Properties, Abu Dhabi's largest real estate developer by market capitalisation, saying yesterday it had signed a long-term lease agreement with Retail Arabia to develop the first Geant hypermarket in Abu Dhabi on Yas Island.

The deal with Retail Arabia comes close on the heels of its 10-year lease agreement with Ikea UAE, part of the Al Futtaim Group, under which Ikea, the Swedish furniture maker, will build its largest Ikea store in the Gulf Cooperation Council (GCC) by February next year.

"Retail is a very important part of Aldar's portfolio. Geant will be our anchor tenant in Yas Mall. Yas Mall will be completed by end 2012," Osama Ganoum, Aldar's marketing and media director, told Gulf News by telephone.

The Geant hypermarket in Yas Mall will be spread over 16,000 square metres and will stock more than 65,000 products from groceries, frozen foods, bakery products, butchery, textiles, fashion wear, shoes, jewellery, electronics, sporting goods, household items, household accessories, cosmetics and perfumes to a French style cafe, Le Bistro.

In addition Geant will have a French bakery with over 100 varieties of bread and cakes freshly baked every day, a seafood market that will offer an array of over 150 varieties of the freshest seafood.

Choicest meat cuts will be available at the butchery while the rotisserie and delicatessen will offer a selection of ready-to-eat hot meals.

Anchor hypermarket

Geant will be the anchor hypermarket in Yas Mall, a 250,000 square metre mall featuring a wide range of retail categories from individual boutiques to large format value retailers.

"Having a world-class operator like Geant as the anchor hypermarket for our signature retail development on Yas Island shows how we are committed to offering residents of Abu Dhabi the best possible choice in retail," said Mohammad Al Mubarak, Aldar's chief commercial officer.

The value of real estate projects being developed by Aldar in the emirate of Abu Dhabi is estimated at about $75 billion (Dh275 billion) "Our decision to open a store in the Yas Mall was based on the tremendous potential we see for retailing here, combined with Abu Dhabi's clear focus on international retailing standards," said Mazher Papar, Director of Retail Arabia.

"The decision to partner with Yas Mall is also due to our belief that the future of Abu Dhabi and the city's growth is going to happen immediately around this location," he added.

Retail Arabia operates the Geant hypermarkets, supermarkets and convenient stores in key GCC markets. In 1999 Retail Arabia acquired the franchise for operating Geant hypermarkets in leading GCC markets. Geant hypermarkets are a part of a French retailing giant Groupe Casino which operates over 11,000 stores worldwide. >> Gulf News
 

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MONACO _ Côte d'Azur
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Size of Yas Mall is reduced

Armina Ligaya | Last Updated: Mar 16, 2011

Yas Mall, a shopping centre planned by Aldar Properties for Yas Island, has been downsized further to 235,000 square metres and is now expected to open in 2013, said a senior company official.

The design of the shopping centre was cut from 300,000 sq metres to 250,000 sq metres last year and has been reduced further to reduce costs, said Fred Douglas, Aldar's director of leasing.
http://www.thenational.ae/featured-content/channel-page/business/retail/size-of-yas-mall-is-reduced
 

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YAS MALL
LEASING PROGRESSING SWIFTLY AS
CONSTRUCTION ADVANCES RAPIDLY

Yas Mall, the retail heartbeat of Yas Island, is a super regional mall
of more than 235,000 sqm which will showcase over 450 individual
International and local brands. Anchored by a full line Geant
Hypermarket (the first in Abu Dhabi), the Mall is linked to IKEA,
their largest in the region. The Mall will feature Grand Cinemas’
latest 14 screen Cineplex featuring their digital concept, unique to
Yas Mall. This is in addition to the bespoke family entertainment
centre that is being developed specially for Yas Mall. Ace Hardware
(due to open in the near future) extends the breadth and depth of
their retail offering like no other in Abu Dhabi. Customers will be
enchanted with the largest Victoria›s Secret store in the region,
the same for Zara. Yas Mall will feature the largest Cheesecake
Factory diner
in the region as well.

The site is actively bustling with a total of twenty-nine tower
cranes
erected to aid construction and site logistics.
Piling work for the Mall’s different buildings is now complete, with
pile caps for the car parking facilities and the department stores
all installed and ready for the next stage of construction.
Casting of the lower ground slab in the main mall is currently 46%
complete
, with ground slabs at 8% completion. Construction in 12
substations, lower ground slabs in southern boulevards, P2 and
P1 slabs in the north west car park are all currently ongoing.
Installation of an extensive network of underground utilities
to serve the mall is underway. With the project targeting a ‘2
Pearl’ Estidama rating, regular audits are being conducted by the
authorities, who have consistently provided positive feedback.

Key Facts:

• Set to open in Q4 2013
• 235,000 sqm of gross leasable area
• 10,000 covered car parking spaces
• Yas Mall is one of the first malls to achieve the ´2
Pearl´ design certification from Estidama
 
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