Arab Today, arab today dubai\s damac debuts as mall developer in cairo
Last Updated : GMT 11:21:43
Arab Today, arab today
Arab Today, arab today

Dubai\'s Damac debuts as mall developer in Cairo

Arab Today, arab today

Arab Today, arab today Dubai\'s Damac debuts as mall developer in Cairo

Dubai - Arabstoday

Dubai-based developer Damac Properties said on Tuesday it has completed the first phase of its Cairo shopping mega mall, its first foray into retail development. Operations at Park Avenue are slated to start by the end of the year and will offer 657 retail units and 84 office units over 120,625 sq m of developed land, along with 2,050 parking spaces. \"Damac Properties is now a mall developer. We have built thousands of residential, office and retail units all across the MENA region and now with Park Avenue mega shopping mall we are a certified retail developer. This is a huge milestone for us,\" said Niall McLoughlin, senior vice president of Damac Properties. As a high-end shopping destination, Park Avenue will also accommodate luxury showrooms for cars and boats, with international auto brands already confirmed to occupy spaces, Damac said in a statement. \"We already have an impressive list of international brands moving to Park Avenue. There are more than 200 fashion stores, over 50 furniture and home-ware shops, as well as a plethora of small boutiques,\" added McLoughlin. The project is designed to have five intersecting zones, which cover a development footprint of 48,250 sq m. The design concept follows that each zone is surrounded by lush landscaped gardens and linked by outdoor avenues to create a seamless transition between the indoor and outdoor shopping experience. \"We didn\'t want to build just another shopping mall, we wanted to create a lifestyle destination where people come with their friends and families to enjoy the landscaped grounds, have a coffee in the al fresco cafes and lose themselves in the tranquillity of the gardens,\" said McLoughlin. He added that retail and office tenants are now beginning their fit outs, with the grand opening of the mall expected to happen soon. \"We are very much looking forward to revealing our luxury mega mall to the world. It will be a grand and impressive shopping complex which will become one of Cairo\'s pre-eminent landmarks,\" McLoughlin said. Damac filed an arbitration lawsuit in Washington in May 2011 after the Egyptian government seized land the company purchased in 2006 and sentenced chairman Hussain Sajwani to five years of hard labour. An Egyptian court stripped the developer of 30 million sq m of land on the Red Sea coast amid legal challenges to land deals made under president Hosni Mubarak, who was ousted in February 2011 after 30 years in power.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dubai\s damac debuts as mall developer in cairo Arab Today, arab today dubai\s damac debuts as mall developer in cairo

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dubai\s damac debuts as mall developer in cairo Arab Today, arab today dubai\s damac debuts as mall developer in cairo

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today A no-frills business success

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel sees benefits in independent Kurdistan: experts

GMT 07:58 2017 Wednesday ,20 September

Israel sees benefits in independent Kurdistan: experts
Arab Today, arab today Equifax executives step down

GMT 16:16 2017 Saturday ,16 September

Equifax executives step down
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Renault-Nissan to launch

GMT 10:44 2017 Saturday ,16 September

Renault-Nissan to launch
Arab Today, arab today Horia Farghaly happy for success of “Case G”

GMT 12:14 2017 Monday ,18 September

Horia Farghaly happy for success of “Case G”
Arab Today, arab today 5,000 'Dieselgate' deaths in Europe per year

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 06:31 2017 Saturday ,16 September

Eman Al Assy receives three offers

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 15:49 2017 Friday ,15 September

'Severe' Typhoon Doksuri pounds Vietnam

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:26 2017 Wednesday ,20 September

Opioid overdose deaths take 2.5 months

GMT 11:40 2017 Monday ,18 September

Russia and Iraq restore air travel

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:56 2017 Friday ,15 September

Apple's grand plan in Ireland held up by a forest

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday