IFP Qatar
08/05/2013
28/04/2013
DO YOU KNOW about the news in Abu Dhabi ????
Abu Dhabi has taken over from Dubai as the place in the Middle East region with the most shopping centre space under development, according to a new report.
The CBRE report states that Abu Dhabi is currently one of the top ten retail development markets in the world, with 825,000m2 currently under construction across nine schemes, including the 235,000m2 Yas Mall site being developed by Aldar, as well as the new Galleria shopping centre in Sowwah Square set to open later this year.
Seven of the other top ten cities in terms of new shopping space are in China, with Kuala Lumpur and Istanbul making up the remainder.
The report indicates that "both cities have seen huge growth in their retail economies due in part to the boom in shopping centre development but also to the rapidly-expanding tourist industry.
"More recently, new shopping centres have become larger with leisure attractions becoming an increasingly important part of the mix," it added.
"Bowling, cinemas, ice rinks and amusement areas are now commonplace and have created ‘destination’ centres that have also become social meeting points, particularly among the young local population.
"This has created a new dynamic with shopping centres evolving into a place to be, not just to shop."
In Istanbul, 32 new shopping centres are under construction, although many of these are "in peripheral locations where the city is expanding.
"The inner city will undergo substantial redevelopment over the next decade, as a raft of buildings are due to be demolished (badly built/too old/no permit).
"This should provide limited opportunities for small scale retail developments in the central area," it adds.
28/04/2013
What kind of crane is this????
28/04/2013
What demolition model is this???
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