Emaar’s recurring revenue-generating portfolio collectively generated revenue of Dhs4.6bn during H1 2024, representing 32 per cent of its total revenue
The mall recorded a growth in retail sales in the first six months of 2024, ranging from 8 to 15 per cent higher than the same period last year
The latest figures from Emaar Malls shows that a record 20 million people visited the mall in the first two months of this year alone
The new shopping, dining and entertainment destination is home to Roxy Cinemas, Adventure Park and a roller coaster among other offerings
The merger is expected to complete before the end of this year
Revenue for H1 2021 amounted to Dhs2.048bn, up 23 per cent year-on-year
As part of the transaction, the existing business of Emaar Malls will be reconstituted in a wholly owned subsidiary of Emaar Properties
Emaar now has a total sales backlog of Dhs36.677bn, of which Dhs24.738bn is in the UAE
Amit Jain will take over Suri’s responsibilities “until further notice”
It reported a net profit of Dhs586m and revenues of Dhs2.493bn during the same period
Former Emaar Malls CEO Patrick Bousquet-Chavanne stepped down in 2019
It recorded Dhs9.032bn in revenues for H1 2020
Mall occupancy remains stable at 92 per cent
The biggest listed companies in the UAE by market capitalisation