Abu Dhabi, United Arab Emirates – Mir Group PJSC, listed on the Abu Dhabi Securities Exchange under the symbol ( MAIR ) (“MAIR” or the “Group”), a company concerned with strategic investments in the retail and commercial real estate sectors, announced the redevelopment and expansion of Al Ain Mall through Makani Real Estate, the Group’s commercial real estate arm, in the Group’s first major investment in the destination since its acquisition in 2024.

The project comes as Al Ain Mall approaches its 25th anniversary, and includes the implementation of comprehensive development works that include shopping facilities, restaurants, entertainment and public spaces, in addition to the addition of hotel services, within an integrated vision aimed at enhancing Al Ain Mall’s position as one of the most prominent modern destinations in Al Ain city .

The renovation of the mall's exterior is a key element of the redevelopment project, giving it a modern identity that reflects its status as one of Al Ain's premier shopping destinations. The project also includes relocating and expanding the ice rink, which, upon completion, will be one of the largest in the city, nearly tripling its current size and becoming a major family entertainment attraction within the mall .

The redevelopment works also include upgrading the shopping areas, restaurants and cafes, along with improving ease of movement and navigation within the mall, developing seating areas, lighting systems and public spaces, to provide a more modern and integrated experience for visitors .

The mall expansion also includes the addition of integrated hotel services, which will contribute to attracting more visitors, enhancing the hotel component of the destination, and supporting the continued growth that Al Ain city is witnessing in the tourism and business sectors .

Nahyan Hamad Al Ameri, Managing Director and CEO of Mir Group, said : “Al Ain Mall has been an integral part of the city’s identity for more than two decades, and has remained a destination serving generations of residents and visitors. This project reflects our long-term confidence in the future of Al Ain, and our commitment to investing in quality assets that deliver sustainable value to our customers, tenants, shareholders, and the communities we serve. Through Makani Real Estate, we continue to enhance our portfolio of commercial properties by developing destinations that meet the needs and aspirations of the communities we serve .”

This project is part of the Mir Investment Group’s strategy in the retail and commercial real estate sectors in the UAE, and reflects the pivotal role played by Makani Real Estate in developing distinctive destinations, enhancing customer experience, and achieving sustainable long-term value .

Haitham Sulaiman, CEO of Makani Real Estate, said : “Al Ain Mall has always been more than just a shopping destination; it has been part of the daily lives of the city’s residents and a place associated with the memories of generations of families and visitors. This project marks a new milestone in the mall’s journey, offering a more sophisticated shopping, dining, and entertainment experience, while maintaining the status that has made it a favorite destination for Al Ain residents and visitors for many years. Our goal is to ensure that Al Ain Mall continues to meet the needs of visitors and tenants and keep pace with their aspirations for many years to come .”

The redevelopment work is scheduled to begin during the fourth quarter of 2026, and the project will be implemented in stages, ensuring that Al Ain Mall continues to welcome its visitors throughout the period of implementation of the work .

Upon completion, Al Ain Mall will offer an integrated experience with wider options in shopping, dining, hospitality and family entertainment, enhancing its position as one of the most prominent modern destinations in Al Ain .

About the Mir Group

Mir Group is a strategic investment company based in Abu Dhabi. Through its diversified investment portfolio, Mir supports sustainable growth across key economic sectors. Mir manages several leading local institutions and companies, including ADCOOP – established in 1977 and a prominent retail chain – and SPAR, the premium European chain that has been present in Abu Dhabi for over a decade. Mir Group also owns a leading commercial real estate portfolio known as Makani Properties, which ranks among the top commercial real estate operators in the UAE, boasting a 90% occupancy rate and a total leasable area of approximately 475,000 square meters. The portfolio includes more than 70 shopping malls and community centers, including Al Ain Mall. The group also provides integrated support services, including accounting, human resources, procurement, legal affairs, compliance, and other services for related companies. The group operates according to an integrated model, which ensures quality standards and the sustainability of supply chains, in fulfillment of its mission to enhance the country’s economic standing and its commitment to contributing to the well-being of society, as well as its efforts to support the food security strategy of the United Arab Emirates.

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