Nakheel has announced that its massive mall expansion programme, announced last year, has been delayed by 12 months due to the current economic downturn.
In April 2008 the Dubai-based property developer unveiled plans that would make it the largest shopping mall developer and owner in the Middle East by 2012, and one of the largest in the world by 2018.
5 mega mall projects were announced, offering a total retail space of 13 million square feet:
- Palm Mall – Palm Jumeirah
- Palm Mall – Palm Deira
- Ibn Battuta Mall Phase II – doubling the size of the Ibn Battuta Mall
- India Mart – International City
- Great Dubai Mall – International City