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
