Friday, June 21, 2024
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Emaar Reports the Dhs1.5 billion Upgrade to Dubai Mall

The massive Dubai Mall expansion, announced by Emaar Properties, will feature 240 additional upscale retailers as well as food and beverage establishments. The contractor has already mobilized on site, and this project will require Dhs 1.5 billion in investment.

“The new Dubai Mall expansion is a great addition to one of the most visited sites in the world,” said Mohamed Alabbar, announcing the impressive enhancement. We also appreciate our partners, retailers, government officials, valued guests, and regular customers for their continuous support. This development bolsters Dubai’s standing as a premier destination and reflects the city’s aspirational goal of staying at the forefront of innovation and culture worldwide.

As Dubai Mall continues to be a worldwide icon for retail and leisure, providing cutting-edge experiences while upholding high ratings for customer satisfaction, the momentum will carry over into 2024.

Emaar Properties‘ first quarter 2024 financial results were just released, and they show steady, resilient performance and operational effectiveness across all of its businesses. With group property sales of Dhs13.5 billion (US$ 3.7 billion), Emaar recorded its highest quarterly sales in Q1 2024. This represents a strong 47% growth over Q1 2023.

Emaar reported Dhs6.7 billion (US$1.8 billion) in revenue and Dhs4.3 billion (US$1.2 billion) in net profit before tax, a 16 percent increase over the same period last year.

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Friday, June 21, 2024

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