Capital Mall TRADE AREA SUMMARY 14 FEBRUARY 2018 Capital Mall
CENTRE OVERVIEW
Capital Mall is a regional shopping centre located in Mohammed Bin Zayed City, Key Facts Abu Dhabi. The mall is currently undergoing a re-redevelopment programme with new designs, new interiors, and a new retail mix. The mall is a key part of an overall Centre Name Capital Mall master planned development featuring a university, a hospital and residential accommodation. Developer Manazel Real Estate The upgraded Capital Mall will feature 70,000m² of leasable area with the largest Lulu Hypermarket and Department Store in the UAE, three major family Intersection of 16th St and 79th St, value anchor retailers, three major furniture anchor stores, 40 family value Location fashion shops, two Family Entertainment Centres, an eight-screen cinema and Mohammed bin Zayed City, Abu Dhabi, UAE 16 unit International Food Court. Coordinates 24°22'32.6"N 54°31'49.3"E
GLA (m²) 70,000
Units 225
Retail Levels 3
Parking 2,500
Redevelopment Completion 2018
2 Capital Mall
CENTRAL PLAZA POST REDEVELOPMENT
3 Capital Mall
ROAD NETWORKS
ABU DHABI
ABU DHABI ISLAND AUH INT’L AIRPORT
KHALIFA CITY PROJECT SITE
ZAYED CITY
MUSSAFAH IND AREA
MBZ CITY
BANIYAS EAST
Source: Google Maps; McARTHUR + COMPANY Analysis 4 Capital Mall
TRADE AREA SUMMARY
Capital Mall Trade Area
▪ Residential family households in the adjacent districts of Abu Dhabi within 10mins drive time ▪ Affluent household income levels 10mins Drive ▪ Single family villa housing; predominantly Emirati families ▪ 151,000 people in 2018 ▪ 35,000 households in 2018
▪ Residential households in the rest of Abu Dhabi within 20mins drive time ▪ Affluent household income levels 20mins Drive ▪ Single family villa housing ▪ 357,000 people in 2018 ▪ 84,000 households by 2021
5 Capital Mall
TRADE AREA AND DRIVE TIME ANALYSIS
PROJECT
ABU DHABI ISLAND
KHALIFA CITY
AL SHAMKHA
MOHAMMED BIN ZAYED CITY
BANIYAS EAST
6 Capital Mall
TRADE AREA POPULATION & DEMOGRAPHICS
▪ The primary trade area of the mall extends to the neighbourhoods of Abu District Population 2021f Households 2021f Dhabi lying within a 20 minute drive. Mohamed bin Zayed City 45,521 10,116 ▪ These neighbourhoods include Mohamed bin Zayed City, Mussafah Mussafah Community 43,200 18,000 Community, Mussafah Industrial Area, Khalifa City (incl Golf Gardens, Sas Al Mussafah Industrial Area - - Nakhl, Al Rayyana, Al Forsan Village, Al Watani, Al Raha Gardens), Masdar Golf Gardens 2,180 363 City, Madinat Zayed, Shakhbout City, Al Mafraq, Bawabat Al Sharq, Al Sas Al Nakhl 2,970 541 Shawamekh, Baniyas, Al Nahda / Al Wathba, southeastern Abu Dhabi Island, Al Maqta/Bain al Jisrain, Abu Dhabi Gate City (incl Mangrove Village). Al Maqta/Bain al Jisrain 15,212 3,381 Abu Dhabi Gate City 3,594 799 ▪ The current population of this area is nearly 151,000 and will increase to Mangrove Village 1,797 300 370,000 by 2020 and it is expected to reach approx 386,000 people by Al Rayyana 4,204 1,414 2021, grouped into around 91,000 households. By 2026, further Al Forsan Village 3,704 763 development of areas such as Mohammed bin Zayed City, and potentially the Al Watani 10,573 2,291 start of development of Madinat Zayed area, will boost the population to an Khalifa City 27,030 4,760 expected 415,000people in just under 100,000households. Al Raha Gardens 6,754 1,126 ▪ The primary trade area includes a broad mix of nationalities and ethnicities, Masdar City 5,850 2,250 as well as a wide scale of household income levels, from the lower income Etihad Plaza 1,515 757 areas of the Mussafah Community in Mohamed bin Zayed City, to the higher Al Merief 506 84 income areas of Abu Dhabi Gate City. Average annual spending per Madinat Zayed 7,531 2,000 household on retail, dining and entertainment is expected to grow from Shakbout City 13,440 2,240 AED192,000in 2016 to AED327,000by 2026. Al Mafraq - - ▪ The total spending potential generated from within the primary trade area is Bawabat Al Sharq 3,838 1,060 expected to grow from AED15 billion in 2016 to AED32 billion by 2026, Abu Dhabi Island East 162,161 36,036 through the rising population and growth in average household spending. Al Shawamekh 9,180 1,020 Baniyas East 6,800 850 Bainyas West 3,840 480 Al Nahda / Al Wathba 4,352 544 TOTAL 385,753 91,175 Source: McARTHUR + COMPANY; f = forecast 7