Mirdif City Centre is on target to open March 16, 2010

Over 90% of our retailers are on schedule to open their stores for business on the first day the mall opens.

The company, whose nine shopping malls in the MENA region attract over 120 million visitors every year, said that the total construction of the building is now 94 per cent complete with over 95 per cent of the mall leased out.

At a media briefing held this morning, Peter Walichnowski, CEO of Majid Al Futtaim Properties said that the Majid Al Futtaim name is not only synonymous with success and setting new standards in the field of shopping mall development but also timely delivery.

Speaking of the company's future developments in the region, Walichnowski said,

"The retail sector in the Middle East and North Africa remains relatively untapped, and that provides a huge potential for Majid Al Futtaim Properties. We're looking at over 14 projects in UAE, Oman, Egypt, Lebanon, Syria, Qatar, Kingdom of Saudi Arabia, and Yemen, which will take our total gross leasable space from approximately 750,000 square metres in 2009 to over 2.2 million by 2015. Majid Al Futtaim Properties will be the largest developer and manager of retail, leisure and entertainment integrated malls in the UAE and MENA region."

Mirdif City Centre will be Majid Al Futtaim Properties' latest development in the North Eastern Corridor of Dubai, its third in the Emirate of Dubai after the very successful Mall of the Emirates and Deira City Centre. Over 200 of the 430 retailers at the Centre will be new to Mirdif, Deira and the Northern Emirates and will include names such as Crate & Barrel, Pottery Barn, Pottery Barn Kids, PF Chang's, American Eagle, Office Depot and 1847 Men's Grooming, just to name a few.

Shahram Shamsaee, Senior Vice President, Asset Management added: "We are on schedule to have over 350 store fit-outs complete a month before the mall actually opens, along with the surrounding road network scheduled for completion early March. We are working closely together with the government authorities, contractors and retailers to ensure our customers enjoy an impressive, fully opened, engaging, retail and entertainment experience from day one."

An impressive 25,000 square metres of this spectacular super regional development is dedicated to entertainment and leisure including a new and dynamic entertainment leisure concept which will umbrella many unique and exciting attractions such as:
- iFLY Dubai, an indoor sky-diving centre
- Cite Des Enfants, a children's edutainment centre
- Soccer Circus, a fully interactive football attraction
- Aquaplay, a new water-based 'edutainment' recreation facility featuring interactive 'aquatraptions' aimed at 2 to 8 year olds

"Mirdif City Centre offers the best of the best; including a broad range of top international brands, some new and innovative offers which have never-been-seen before in the region, along with a strong leisure-entertainment component which will appeal to every age group. We have worked hard to create a mall that has very unique character and offers a distinct difference to any other mall in the UAE." concluded Shamsaee.