A new 37,000 square metre shopping mall is being built near to Sharjah International Airport by Alef Group, a Sharjah-based real estate developer. The company has announced that it has awarded the construction contract for the AED 210 million (US$ 57m) retail complex to UAE contractor Omis Contracting and that it expected the complex to open in April 2017.
Branded ‘Zero 6’, a name derived from Sharjah’s telephone dialing code (06), the new project is the first of a series of new Zero 6-branded shopping malls planned by the Alef Group. The first mall will be located in the Juraina 2 area, east of Sharjah city, in close proximity to Sharjah University City, Sharjah International Airport, Dubai International Airport and a number of new high-end residential estates that are being developed in the same area.
Due to its location in one of Sharjah’s prime residential areas, Alef Group expects the new mall to have a catchment area of about 35,800 residents, not including the 24,000 students in the nearby Sharjah University City.
Designed by German architects Schwitzke & Partner, the new retail complex will include a 1,600 sqm. Spinneys supermarket, an 8 screen cinema complex and a 3,000 sqm. of area reserved for restaurants and cafes. The mall’s total leasable area is 16,000 sqm., of which 13,000 sqm. will be retail stores. Zero 6 will offer car parking spaces for 490 cars via a number of parking lots.
The retail sector is one of the key sectors identified by Sharjah Economic Development Department (SEDD) for economic growth. The emirate already has a number of high profile shopping malls including Majid Al Futtaim Group’s City Centre Sharjah which offers 38,000 sqm. of retail space and attracts 12.5 million shoppers per year.
SEDD has announced a five-week ‘Sharjah Shopping Promotions’ campaign starting on Thursday 31 March to help stimulate the local retail sector. An estimated 1,000 stores will take part in the promotion offering shoppers discounts of between 25 and 75 percent. The promotion will run until Saturday 7 May 2016.
Source: Alef Group, SEDD