Emaar Properties is planning to expand Dubai Mall, which was opened on 4th November 2008 in Dubai. This mall is the world’s largest shopping and entertainment destination with a total area of around 12 million sq ft. Housed in the 20-billion-dollar Burj Khalifa complex, the mall currently has 1,200 retail outlets, 2 departmental stores and more than 160 food joints. In its expansion plan, Emaar Properties will add one million square feet to the mall which will include fashion stores, hotels, serviced residences and luxury homes. These new developments will be designed in accordance to the world-class standards and are expected to contribute to the tourism, retail, hospitality and business industries of Dubai.
The sale of luxury homes and serviced residences that will be part of this new development will also be launched soon. However, the company did not give any project value for the same.