Majid Al Futtaim and Tecom Investments to build new retail centre in Dubai
Posted on 11th May 2015
According to news reports, Dubai’s Tecom Investments, a real estate master developer and Majid Al Futtaim, a leader in the shopping mall sector across the Middle East and North Africa (Mena) region, announced that a new neighbourhood centre will be built next to a residential community in Al Barsha South.
Scheduled for completion in June 2016, the 53,500 ‘My City Centre Al Barsha’ square feet neighbourhood centre, of which 40,000 square feet of space is available for lease, will serve the burgeoning residential community of Villa Lantana which is a five-minute walk away, in addition to other nearby communities in the Al Barsha residential district, according to Trade Arabia news.
My City Centre will bring a collection of select shops which aim to service the everyday needs of the local communities in which they are located. The centre will be anchored by a Carrefour Market and will include F&B offerings and popular fashion retailers, as well as community services.
My City Centre Al Barsha is strategically located in the growth corridor of Al Barsha South, situated just off Umm Suqeim Road. Its proximity to Dubai’s main arterial roads provides easy access to Dubai’s primary residential and business areas.
Badr Al Gargawi, chief executive officer, Development & Planning Division, Tecom Investments said: “I am delighted to announce that Majid Al Futtaim will be developing a new neighbourhood centre to support the Villa Lantana community.
“I am confident that this will serve the needs of busy families living in and near the new development, adding value for residents, investors and stakeholders of the development. Working with Majid Al Futtaim is in line with our vision to create holistic communities that cater to the everyday needs and lifestyles of all occupants,” he added.
Michael Cesarz, CEO of Shopping Malls, Majid Al Futtaim Properties, said: “We’ve set the standard for what a super-regional and regional shopping centre should be in the region with our destinations.
“Now we are doing the same with neighbourhood centres through the My City Centre brand. We believe this will allow us to bring our vision of creating great moments for everyone, every day much closer to communities by catering to routine needs in a distinctive way. This is what we aim to deliver to the developing communities of Villa Lantana and Al Barsha.”
The centre is the second My City Centre to be announced this year so far, after Majid Al Futtaim announced My City Centre Sur in Oman earlier in March.
It will also be the third in the brand after My City Centre Nasseriya opened its doors in Sharjah in early 2014.
Villa Lantana marks Tecom Investments’ dedication to developing self-supporting holistic communities. The residential community comprises of 440 contemporary villas set in a well-planned, landscaped family-friendly neighbourhood.
The three-, four- and five-bedroom detached and semi-attached contemporary family homes are available in 17 different villa designs and 11 floor plans. Construction of Villa Lantana is on track with completion scheduled for the end of 2015.Back to all Construction News
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