10 Biggest Shopping Malls In The World
Not surprisingly, Dubai Mall, which welcomed 54 million visitors last year, makes it to the list.
1. New South China Mall
Location: Dongguan, China Gross Leasable Area: 600,153 m2 Photo credit: Vernon Martin / Emporis
2. Golden Resources Mall
Location: Beijing, China Gross Leasable Area: 557,419 m2 Photo credit: Esko Kippo / Emporis
3. SM City North Edsa
Location: Quezon City, Philippines Gross Leasable Area: 482, 878 m2 Photo credit: Clemzkie / Emporis
4. 1 Utama
Location: Selangor, Malaysia Gross Leasable Area: 465,000 m2 Photo credit: Nadia Shazrin Asari / Emporis
5. Central World
Location: Bangkok, Thailand Gross Leasable Area: 429,500 m2 Photo credit: CentralWorld / Emporis
6. Persian Gulf Complex
Location: Shiraz, Iran Gross Leasable Area: 420,000 m2 Photo credit: Hamrah Ghashghaei / Emporis
6. Mid Valley Megamall
Location: Kuala Lumpur, Malaysia Gross Leasable Area: 420,000 m2
6. Cehavir Mall
Location: Istanbul, Turkey Gross Leasable Area: 420,000 m2 Photo credit: St Martins Property Corporation / Emporis
9. The Dubai Mall
Location: Dubai, UAE Gross Leasable Area: 350,244 m2 Photo credit: Gulfpics
10. West Edmonton Mall
Location: Edmonton, Canada Gross Leasable Area: 350,000 m2 Photo credit: West Edmonton Mall / EmporisThe Middle East is home to some of the largest and most advanced malls in the world, said experts at the recent RECon shopping conference in Dubai.
“Investors are now looking at MENA, especially Dubai, as a great opportunity. It’s a good place to invest and build because prices have come down, but also the growth has never slowed in terms of tourism – consumers from around the world want to come here to shop,” Michael Kercheval, president and CEO of International Council of Shopping Centers (ICSC) told Gulf Business.
The figures say it all. Dubai Mall, the flagship development of Emaar Properties, hosted approximately 31 million visitors in the first six months of the year.
The 2.5 million sq ft Mall of the Emirates, which welcomed over 20 million visitors in the first half of the year, earns $1,423 per square foot per annum, according to ICSC. The mall is nearly three times more profitable per square foot than the industry average.
A report by construction expert Emporis earlier this year also highlighted the economic and retail boom in Asia. Nine out of 10 of the world’s biggest shopping malls are located in Asia, said the report.
The company generated the top 10 rankings based on the gross leasable area, the area used for revenue-generating activities. Here are the world’s biggest malls.
