Emaar Properties, a leading UAE real estate developer, has announced a 1.5-billion-dirham (USD 408 million) expansion of Dubai Mall, the world's largest shopping centre by total area. The expansion will add 240 luxury stores and new dining options. Emaar's founder, Mohamed Alabbar, praised the project as enhancing one of the world's most visited sites. Despite a global decline in brick-and-mortar retail, UAE retail spending rose 14% last year, driven by increases in fashion, general retail, and leisure and entertainment. Emaar's portfolio includes iconic projects like the Burj Khalifa, showcasing its commitment to luxury and innovation.
Emaar Properties, a real estate developer in the United Arab Emirates, has announced a 1.5-billion-dirham (USD 408 million) expansion of Dubai Mall. This 12-million-square-foot mall, already the largest in the world by total area, will gain an additional 240 luxury stores and new dining options.
Located next to the Dubai Fountain and the Burj Khalifa, the mall features the world's largest mall aquarium, an immersive digital art museum, a 155-million-year-old dinosaur skeleton, an Olympic-sized ice rink, and a 26-screen cinema.
Emaar Properties' founder Mohamed Alabbar called the expansion a great addition to one of the most visited sites in the world. Despite the decline of brick-and-mortar retail globally, retail spending in the United Arab Emirates increased by 14% last year. This growth was mainly driven by fashion (up 31% year-on-year), general retail (up 16%), and leisure and entertainment (up 15%), according to the annual retail economy report by Majid Al Futtaim Group.
Emaar Properties, founded in 1997 by Mohamed Alabbar, is a prominent real estate developer based in Dubai, United Arab Emirates. Renowned for shaping the UAE's skyline, Emaar is responsible for iconic projects such as the Burj Khalifa, the world's tallest building, and the expansive Dubai Mall, the largest shopping centre by total area globally. The company's diverse portfolio includes residential, commercial, and hospitality developments across several countries, emphasising luxury and innovation.
Emaar's commitment to quality and sustainability has earned it a reputable position in the global real estate market. With numerous subsidiaries, including Emaar Malls and Emaar Hospitality Group, the company continues to drive urban development, contributing significantly to Dubai's status as a leading global city. Emaar's projects are characterised by their modern design, cutting-edge technology, and premium amenities, attracting both local and international investors.
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