Dragon City expansion work on track: Nakheel
The $46m project is due to be completed in the fourth quarter of 2018
UAE master developer Nakheel said construction of its third expansion at Dragon City showroom and car-park complex has reached the 80% completion.
The project which costs $46m (AED169m) with completion due in the fourth quarter of 2018.
Managed by Nakheel Malls, the retail arm of the Dubai developer, the 375,000ft2 complex comprises 118,000ft2 of ground floor showroom space all of which has been leased – and a multi-storey car park for nearly 900 vehicles.
The new facility is the latest in Nakheel’s ongoing retail, hospitality and residential expansion at Dragon City which will bring the overall size of the mixed-use development to 11 million ft2, it added.
Dragon City is already home to Chinese retail and trading hub Dragon Mart and Dragon Mart 2, which opened in 2015.
Nakheel’s first hotel – an ibis Styles with 251 rooms – opened at Dragon City in 2016 and a 304-room Premier Inn is under construction, said the Dubai developer in a statement.
Meanwhile, Nakheel’s residential twin-building the Dragon Towers is set to break ground in the next few months.
The project will add 1,120 apartments to the developer’s portfolio.
