With 1m sq metres of new mall space set to be added to Dubai in the coming years, how will existing retail developments be affected?
With 1m sq metres of new mall space set to be added to Dubai in the coming years, how will existing retail developments be affected?
While Dubai may be renowned for its numerous large-scale shopping centres, a number of the emirate’s big developers are shifting some of their efforts to retail community centres. Indeed, convenience and proximity to residential areas are the value proposition for a number of new retail developments.
In the largest public offering on the Dubai Financial Market (DFM) in seven years, Emaar Properties raised Dh5.88bn ($1.6bn) with the initial public offering (IPO) of its malls division, Emaar Malls Group (EMG), operator of The Dubai Mall. Shares were priced at the top of the range at Dh2.90 ($0.79) and oversubscribed by 30% for the institutional segment and by 20% for...
Although Dubai has led the way in the development of the GCC tourism and hospitality industry, it may soon be able to adapt its own offerings, by benefitting from the development of arts and cultural attractions being built in neighbouring Abu Dhabi. The focus of this activity in the capital is on a 25.9-sq-km natural island. Three internationally acclaimed architects...
What strategies in the coming years could encourage private investment aimed at making Dubai a more compelling family destination?
With decades of experience in hosting international contests, Dubai is looking to increase its repertoire of sporting events by investing in new facilities and expanding existing sites. In 2014, plans were announced for the construction of new stadiums, but Dubai Sports Council is also keen to see smaller sports facilities built to serve new and existing communities....
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