Majid Al Futtaim continues its expansion and builds new community mall in Abu Dhabi
Majid Al Futtaim will continue its expansion, announcing a new AED 300 million mall project in Abu Dhabi, “My City Centre Masdar”, set to open at the end of 2018.
The mall will be located in the heart of Masdar City, with easy access to adjacent developments and connectivity to planned smart public transport options including buses, light rail transit (LRT) lines, Group Rapid Transit (GRT) vehicles and the metro network, as well as offering a convenient neighbourhood retail experience which meets the daily shopping needs of more than 75,000 estimated consumers in surrounding areas.
It will include 60 outlets across 18,000 square metres of gross leasable area (GLA), including a Magic Planet family entertainment centre, a 5,760 square metre Carrefour Hypermarket, a City Centre Clinic to provide community-focused healthcare services, and convenient dining options for both residents and professionals within Masdar City.
Today around 2,000 people work at Masdar City and its residential population is expected to exceed 3,500 people within the next two to three years. Around 35 per cent of the City’s planned built-up area will be completed over the next five years and nearly 30 per cent has already been committed to, including private homes, schools, hotels and additional office space. Up to 40,000 residents and 50,000 workers and students will be based at Masdar City by 2030.
“We are proud to announce the development of My City Centre Masdar, which promises to create great moments for everyone, everyday, for communities living and working in Masdar City. We are honoured to partner with Masdar City and salute their vision which is aligned with Majid Al Futtaim’s commitment to sustainability,” said Ghaith Shocair, Chief Executive Officer Shopping Malls, Majid Al Futtaim Properties.
The one-level mall, to be constructed using Majid Al Futtaim’s international sustainability standards, will have shaded parking for 430 vehicles on its rooftop through the use of photovoltaic panels, with My City Centre Masdar’s energy and water consumption targeted to be 40 per cent lower than comparable buildings, in line with Masdar City’s eco-friendly strategy. The mall will aim to achieve an Estidama 3 Pearl rating, which is the equivalent of LEED gold building status for sustainability.