Dubai: Landmark Group, the retail and hospitality conglomerate, said on Monday it is expanding its shopping mall footprint, specifically its Oasis Mall brand, across four GCC countries.
The company said it plans to open four new malls in the UAE, Oman and Bahrain. Set for completion in 2019, the expansion will increase Oasis Mall’s presence to 11 destinations, with a total gross leasable area of over 2.6 million square feet of retail space.
In the UAE, Oasis Mall is set to open in Sharjah in 2019, marking its first one in the emirate. The mall will host Sharjah’s first Centrepoint store and the first Cinepolis Cinema in the UAE, as well as other Landmark Group brands such as Home Centre, Max and Fun City.
Recent statistics from real estate consultancy Frank Knight say that the existing malls in the UAE, together with ones in the pipeline, will account for 10 million square metres of retail space by 2020.
Outside the UAE, three new properties will be launched — one in Bahrain and two in Oman. In Oman, following the launch of Oasis Mall in Muscat, new properties will open in Sohar and Salalah by the fourth quarter of 2018, Landmark said.
In Bahrain, an Oasis Mall will open in the third quarter of 2018, and will house over 80 outlets including a Hard Rock Cafe, Fitness First, Cineco Cinemas and a Carrefour market, among other brands.