DUBAI // Al Ghurair City, one of the oldest shopping centres in Dubai, will unveil its 12,540 square metre extension as early as next March, the group says. The expansion of the mall, located in the heart of Deira, will add about 150 shops to its existing 200 outlets, and boost its size to 79,000 sq metres, said Shane Eldstrom, the senior manager for retail leasing at Al Ghurair City.
Construction on the new wing of the mixed-use development began in 2007 and is expected to be completed between next March and September, Mr Eldstrom said. "It's just such a no-brainer given the busy roads in front of the project," Mr Eldstrom said on the sidelines of ReCon, the retail property conference in Dubai. "I think ever since they built the original one they wanted to add on to it, given the amount of traffic that is in that neighbourhood."
Al Ghurair was one of the first shopping centres in the Middle East, said Mr Eldstrom, and opened before Dubai became a global retail centre. Since then, Dubai has had a shopping centre building boom, with the addition of developments such as Mall of the Emirates and Dubai Mall. But with all the new retail space comes steep competition, especially as UAE consumers have become more cautious with their spending.
David Macadam, the regional director of retail for Jones Lang LaSalle in the MENA region, said Al Ghurair City continued to be successful but with the recent addition of new retail space, such as the recently opened Mirdif City Centre, it would be difficult to bring in tenants and shoppers. "There is going to be increased pressure for attracting retailers, and attracting the demographics you need to shop," Mr Macadam said.
Mr Eldstrom estimates there are 250,000 people living in Deira and about 750,000 people in the catchment area. The average household income in the primary trade area is about Dh184,904 and Dh51,359 of that is disposable income, according to research conducted by GRMC consultancy. Michael Davidson, the chief operating officer of Al Ghurair City, said the demand would come mainly from the residents in the surrounding area, and from the new offices and five-star hotel that are also part of the new wing.
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Director: Siva
Stars: Suriya, Bobby Deol, Disha Patani, Yogi Babu, Redin Kingsley
Electoral College Victory
Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate.
Popular Vote Tally
The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.
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Stars: Cynthia Erivo, Ariana Grande, Jonathan Bailey
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By midnight on December 31, the Houthi rebels will have to withdraw from the ports of Hodeidah, Ras Issa and Al Saqef, coalition officials told The National.
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The process is to be overseen by a Redeployment Co-ordination Committee (RCC) comprising UN monitors and representatives of the government and the rebels.
The agreement also calls the deployment of UN-supervised neutral forces in the city and the establishment of humanitarian corridors to ensure distribution of aid across the country.
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COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
From Zero
Artist: Linkin Park
Label: Warner Records
Number of tracks: 11
Rating: 4/5
Cricket World Cup League 2
UAE squad
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Fixtures
Friday, November 1 – Oman v UAE
Sunday, November 3 – UAE v Netherlands
Thursday, November 7 – UAE v Oman
Saturday, November 9 – Netherlands v UAE
Anna and the Apocalypse
Director: John McPhail
Starring: Ella Hunt, Malcolm Cumming, Mark Benton
Three stars
COMPANY PROFILE
Name: Qyubic
Started: October 2023
Founder: Namrata Raina
Based: Dubai
Sector: E-commerce
Current number of staff: 10
Investment stage: Pre-seed
Initial investment: Undisclosed
SPECS
Engine: 4-litre V8 twin-turbo
Power: 630hp
Torque: 850Nm
Transmission: 8-speed Tiptronic automatic
Price: From Dh599,000
On sale: Now