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Dubai: City of Arabia, the $5 billion retail, residential, commercial and entertainment destination taking shape in Dubai, announced on Monday that the phase one of its huge Mall of Arabia component is now 89 per cent contracted and reserved.
Leading brand names managed by Landmark Group and Azadea Group will be anchoring the four million square feet gross leasable area (GLA) in the first phase.
The announcement was made by Elyas & Mustafa Galadari Group, owners of City of Arabia, ahead of the RLI Global Opportunities Conference.
City of Arabia is the platinum sponsor of the retail industry event which will provide Mall of Arabia with valuable exposure to retail industry leaders and decision-makers.
With a six million square foot second phase giving it a total GLA of ten million square feet, it will be one of the world's largest malls and a unique retail resort, with more than 1,400 diverse retail outlets, a rooftop hotel, and a unique theme park and edutainment centre, 'Restless Planet', featuring the world's largest collection of animatronic dinosaurs.
Between them, Landmark Group and Azadea Group have signed up for a total of more than 800,000 square feet of retail space in Mall of Arabia's first phase.
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