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ABU DHABI / GULF TIME
MAIR Group PJSC (ADX: MAIR) (“MAIR” or the “Group”), a strategic investment company focused on grocery retail and commercial real estate in the UAE, announced the opening of Makani Shakhbout Community Center (“Makani Shakhbout”), alongside a new ADCOOP store within the center. The opening brings together ADCOOP’s retail capabilities and Makani’s community-focused real estate, creating an integrated destination that combines essential retail with everyday services to meet the evolving needs of surrounding communities.
Makani Shakhbout represents a significant new addition to Makani Real Estate’s portfolio. The community center spans more than 10,000 square meters of gross leasable area and comprises 52 commercial units available for lease, with occupancy exceeding 65% ahead of the opening. The center offers a broad mix of retail, lifestyle and essential services, including restaurants, cafés, specialty stores, pharmacies and money exchange services, supported by more than 200 parking spaces.
The ADCOOP store serves as a key anchor within Makani Shakhbout and spans approximately 2,000 square meters, bringing ADCOOP’s total retail network to 101 stores. It provides residents of Shakhbout City and surrounding areas with convenient access to fresh food, groceries, household products and everyday essentials. Designed around a modern retail format, the store enhances the overall customer experience.
Nehayan Hamad Alameri, Managing Director and Group CEO, MAIR Group, said:
“The opening of ADCOOP at Makani Shakhbout reflects the strength of MAIR Group’s integrated retail and commercial real estate platform. By pairing ADCOOP’s grocery retail strength with Makani’s strategically located assets, we meet the needs of growing communities while reinforcing the long-term value of our portfolio.
“Shakhbout City represents an important residential catchment for the Group, and this opening marks another step in our disciplined expansion across the UAE. We remain focused on selectively growing in high-demand communities while delivering sustained value for customers and shareholders.”