Construction on MAF’s new RAK mall to start this June

Dubai: Dubai-based developer Majid Al Futtaim announced yesterday that construction on its first shopping mall in Ras Al Khaimah will start later this month.

In a statement, the company said that My City Centre Al Dhait will open early next year. Estimated by Majid Al Futtaim to cost Dh68.5 million, it will be the third My City Centre property opened by the company.

The mall will be home to 30 stores across 5,494 square metres of gross leasable area, including a 1,178 square metre Carrefour Market, and will offer 117 parking spaces to visitors. “The new My City Centre Al Dhait shopping destination underscores the success of Majid Al Futtaim’s ‘My City Centre’ brand, a neighbourhood retail brand focused on offering accessible, convenient and lifestyle-oriented stores to serve surrounding communities,” said Gaith Shocair, Chief Executive Officer Shopping Malls, Majid Al Futtaim Properties, in a statement.

The retail pioneer’s expansion into the Northern Emirate comes as part of the company’s strategy to increase its total investment in the UAE by Dh30 billion by 2026.

Majid Al Futtaim has plans for expansion in Oman, Saudi Arabia, and Egypt.