Dubai Mall Set for $408m Expansion by EMAAR

Dubai Mall Set for $408m Expansion by EMAAR


Dubai Mall, the second-largest mall in the world, opened in 2008 and has been a top tourist attraction. It has a retail floor area of over 3.8 million sq ft and features more than 1,200 retail stores and 200 restaurants. Emaar Properties has announced a major expansion of Dubai Mall, which will include 240 new luxury stores and restaurants. This project’s expected cost is a staggering 1.5 billion dirhams ($408m).

 

Announcing this impressive enhancement, Mohamed Alabbar stated, “The new Dubai Mall expansion is a great addition to one of the most visited sites in the world. We extend our gratitude to our esteemed guests and loyal customers, as well as our partners, retailers, and government authorities, for their unwavering support. This expansion underscores Dubai's ambitious ambitious vision to lead in global innovation and culture, strengthening our city's position as a top global destination."

 

 

Entertainment Options: Dubai Mall offers a wide range of entertainment and leisure attractions, including the Dubai Aquarium and Underwater Zoo, Reel Cinemas 24-screen cineplex, KidZania Dubai, Play DXB, Dubai Ice Rink, Ekart, and Zabeel Sports District. These attractions, along with Fashion Avenue, which opened in 2018, further define Dubai Mall as a symbol of luxury and innovation, boosting Dubai’s international standing as a top tourist destination.

 

In 2023, it was named the most visited place on Earth with over 105 million people visiting Dubai Mall. It is located next to the Dubai Fountain, the world’s tallest performing fountain at over 900 feet long, which sits in a lake at the base of the Burj Khalifa, the world’s tallest building. Although it already holds an impressive status, the mall is set to become even more remarkable.

 

 

Why is Dubai Mall Expanding?

The planned expansion comes as Dubai's population grows rapidly, leading to increased brick-and-mortar retail spending, contrasted with the global trend toward online shopping. Dubai's talent for creating stunning retail experiences, along with its affluent population, has driven the success of Dubai Mall and other properties developed by Emaar. Emaar's portfolio also includes Dubai Marina Mall, Dubai Hills Mall, Springs Souk, and Gold and Diamond Park, which is dedicated entirely to fine jewelry.

 

The Dubai Mall expansion aims to accommodate an anticipated increase in footfall in the coming years as the city continues to invest heavily in tourism. Last year, retail spending in the United Arab Emirates rose by 14 percent, driven mainly by fashion, while visitor numbers to Dubai Mall increased by 19 percent compared to the previous year.

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