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Dubai Dragon Mart Already Leased Out
DUBAI - Some 95 per cent of the ‘Dragon Mart,’ the Middle East’s largest trading hub, which was officially inaugurated at Dubai International City yesterday, is already leased out, according to a top Nakheel official, the developers of the city.
Sultan bin Sulayem, executive chairman, Nakheel said that companies represented in the new trading complex are mainly small and medium size businesses which cannot go outside China like big brands already present in Dubai. China is listed today amongst the foremost trading partners of the UAE.
He also said that in two years’ time from now, all the remaining nine cities within the Dubai International City will be completed, adding that the Chinese influence on the design and ambiance of the International City does not end with the Dragon Mart, but has been carried through into the residential areas of the city.
Dragon Mart, jointly promoted by Nakheel and Chinamex Middle East Investment and Trade Promotion Centre, is the largest of its kind development in the world assembling the most exhaustive collection of Chinese products and services under one roof and will play host to Chinese businesses or businesses associated with products and services from China, including joint venture companies and companies operating from China through the Chinamex Middle East Investment and Trade Promotion Centre.
The mart is 1.2 kilometres long with the dragon body measuring 980 metres in length, 110 metres in width and 6.4 metres in height. The two-storeyed Dragonhead is 220 metres long, 210 metres wide and 18 metres high. The Dragonhead will host a full-fledged Chinese Garden on the ground level and an ornamental fountain designed by Chinamex donning the entrance to the mart.
The project is spread over an area of 150,000 square metres in addition to 30,000 square metres of warehouses and divided into several commercial and service areas, an office area and a business centre. The interior of the mart hosts vast exhibition spaces that are spread across the entire length of the development. The development will also host food courts with Chinese restaurants and other Chinese heritage, tourism and cultural attractions.
About Nakheel
Nakheel is the uniquely focused property development company behind a variety of new landmark property developments in Dubai. Nakheel's goal is to implement unique, iconic and genuine solutions that have been conceived after detailed planning and research.
Nakheel aims to redefine the concept of property development whether residential, tourist, commercial or retail. It has therefore placed great importance on examining the requirements of the different sectors of the community and developing its visionary projects around these findings.
Nakheel's portfolio currently includes The Palm, The World, Jumeirah Islands, The Gardens and The Gardens Shopping Mall and Jumeirah Lake Towers.
Nakheel’s fast growing portfolio currently includes:
Nakheel Properties: The World. The World is Nakheel’s $3 billion project, which has recently seen Eurasian and North American islands reclaimed from a depth of -16 m below the water’s surface. Nakheel Corporation unveiled the concept plans to construct another offshore island development just off the coast of Dubai. The World – Set to consist of a series of over 250 islands, positioned strategically to form the shape of the world map. It will be a haven for investors looking for exclusive and world-class real estate. Estimated Completion Date: 2008
The Palm, Jebel Ali - Nakheel Properties: The Palm Jebel Ali is an entertainment destination for both adults and children, which caters to both residents and tourists. The island will also be 50% larger than The Palm Jumeirah, and will include six marinas, a 'Sea Village', a water theme park and water homes built on stilts between the fronds and the crescent. The Palm - Involves the creation of the world's largest two man-made islands known as The Palm, Jumeirah and The Palm, Jebel Ali. Providing extensive leisure, residential and tourism opportunities it is set to provide the exotic attractions of far-away destinations. Estimated Completion Date: The Palm, Jebel Ali – end of 2007
Jumeirah Islands - Nakheel Properties: Jumeirah Islands. Jumeirah Islands - An exciting new residential property edevelopment in Dubai comprising of a self-contained community of 50 man-made islands shaped in Dubai and designed on 300 hectares of land. Crystal waterfalls, lush parks, walkway bridges, marinas and boathouses will enhance this residential community. Jumeirah Islands - An exciting new residential development comprising of a self-contained community of 50 man-made islands shaped and designed on 300 hectares of land. Crystal waterfalls, lush parks, walkway bridges, marinas and boathouses will enhance this residential community. Estimated completion date: April 2004
International City - Al Nakheel Properties: Dubai International City. The International City project which was launched in November 2003 is yet another ambitious and practical project by Nakheel. The 800-hectare development is divided into six main areas, incorporating residential, commercial and retail buildings. Being developed as a world-class hub for international investors, traders and retailers in the Al Warsan area, just 12km from Dubai International Airport, International City will provide excellent business opportunities, superb tourist attractions and a variety of residential options with different country themes. International City – An internationally themed residential, commercial and tourist development set over an incredible 800 hectares of land. The development will be made up of six key areas, including The Central District, Dubai Gates, The Dragon Mart, The Residential District, Lakes District and The Forbidden City. Estimated Completion Date: First phase by mid 2004, total completion by end of 2006.
Discovery Gardens - Nakheel Properties: Discovery Gardens. Discovery Gardens is Nakheel's new residential concept and is situated at a new interchange along Sheikh Zayed Road located between interchanges five and six. The 420,000 square meter development is a pre-designed complex comprising of six themed communities styled in a variety of garden experiences. The development encompasses the area between Sheikh Zayed Road and Emirates Road. And as with all Nakheel properties, Discovery Gardens will be a self-contained unit with shopping amenities, a mosque, jogging and cycling trails, community swimming pools, football and tennis courts and close proximity to the new Gardens Shopping Mall.
Jumeirah Lake Towers - Al Nakheel Properties: Jumeirah Lake Towers. Jumeirah Lake Towers – A series of attractive Dubai residences, offices and retail outlets set in the midst of man-made lakes, waterways and beautifully manicured landscaping. Comprising of 15 clusters of three towers each, every tower is unique not just in the number of storeys, but in concept, design and feel representing the epitome of ultra-modern property development by Nakheel. Jumeirah Lake Towers – A series of attractive residences, offices and retail outlets set in the midst of man-made lakes, waterways and beautifully manicured landscaping. Comprising of 15 clusters of three towers each, every tower will be unique not just in the number of storeys, but in concept, design and feel representing the epitome of ultra-modern property development. Estimated Completion Date: End 2005
The Garden View Villas - Nakheel Properties: The Garden View Villas: Garden View Villas are free hold properties available for UAE nationals and expatriates. The villas are distinctive, built on gentle slopes on a hillside rising 60 meters from the ground providing a view of the sea and the desert. The Pan Arab architectural design forms and imposing visual backdrop to The Gardens.
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