LU­SAIL CITY'S MA­RINA MALL PROJECT COULD COST LESS

Qatar Today - - BUSINESS -

The Ma­rina Mall project com­ing up in Lu­sail City is likely to cost less than the ear­lier fig­ure of QR 1 bil­lion riyals, ac­cord­ing to a re­cent re­port.

Ac­cord­ing to Mazaya Qatar Real Es­tate Devel­op­ment Chair­man, Rashid Al Nuaimi, a 20% re­duc­tion in cost is ex­pected. Al Nuaimi also added that the project would be com­pleted within the next three years.

A unique de­sign and high-end re­tail are slated to be the main at­trac­tions of the project.

The Col­liers In­ter­na­tional's Q2 2014 re­port had claimed that “the ma­jor­ity of planned/pro­posed malls will see a con­cen­tra­tion shift to­wards and in Lu­sail”. Presently, the ma­jor­ity of malls in Doha are lo­cated in the north­ern part of the city.

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