"The Gold & Diamond Park has significantly expanded in size, which will further enhance its reputation as a much sought-after location for shopping and a variety of businesses," said Taher Badri, General Manager, Gold & Diamond Park. "The range and diversity of business offerings is a perfect complement to Gold & Diamond Park's appeal as a leading destination for gold and diamond jewellery, and a centralised place to conduct business."
Launched in May 2001, the Gold & Diamond Park offers several retail and commercial business opportunities. Along with the gold and jewellery trade, businesses from across all sectors have opened offices within this commercial nerve-centre located near Interchange 4, along Sheikh Zayed Road. There are several cafés and a restaurant to cater to shoppers and neighbouring businesses, meanwhile above and below-ground parking provides space for more than 750 cars.
"With the expansion, the Gold & Diamond Park is now offering 90 gold and jewellery retail outlets, a significant increase over the original 38 offered at its launch in 2001. The gold and jewellery on offer has become far more diverse, including reputable and recognised brands. The range meets all needs and requirements for Dubai's diverse residential and tourist population," added Badri. "The new expansion is poised to make the Gold & Diamond Park a hub for commercial and retail activity in the city, where commercial space is of the premium."
Ideally located between several commercial and residential developments in Dubai, the Gold & Diamond Park offers easy access to visitors. Jewellery enthusiasts have the option of commissioning their own designs and have them handcrafted usually within 24 hours at the onsite manufacturing site.
An outdoor courtyard and seating area serviced by food and beverage outlets add to the comfort and convenience of shopping at the Gold & Diamond Park.
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Emaar Malls Group completes phase two and three expansion of Gold & Diamond Park
- United Arab Emirates: Saturday, November 17 - 2007 at 11:16
- PRESS RELEASE
Emaar Malls Group, the shopping malls subsidiary of Emaar Properties PJSC, has announced the completion of the second and third phase of expansion of the Gold & Diamond Park to almost triple the number of gold and jewellery retailers, new office blocks to house 350 commercial units and a total of 118 manufacturing units.
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About Emaar Malls Group LLCEmaar Malls Group LLC, is the retail and shopping mall subsidiary of Emaar Properties PJSC, a leading property developer based in Dubai, and drives its diversification into shopping malls. This is in line with Emaar's Vision 2010 to become one of the most valuable companies in the world. Emaar has announced investments in shopping malls of over US$4 billion (AED 15 billion) with 12 million sq ft of retail property in operation or under development in the emerging markets of the Middle East, North Africa, the Indian Subcontinent and South Asia and is on target to become one of the largest developers of shopping malls in the world.
At the forefront of these developments is the flagship The Dubai Mall, one of the world's largest malls in the heart of the Downtown Burj Dubai. Opening in late 2008, The Dubai Mall will be a premier lifestyle and entertainment destination.
Emaar Malls Group is also developing two other malls in Dubai; Souk Al Bahar, an Arabesque shopping and entertainment development on The Old Town Island set to open in December 2007, and Dubai Marina Mall, a lifestyle shopping mall for residents of the Dubai Marina community opening in mid-2008.
Recently, Emaar Malls Group unveiled Cairo Gate, Egypt's largest shopping mall and leisure destination at the Cairo-Alexandria Project site, a mixed-use development spread over 160 acres.
About Emaar Properties PJSC
Emaar Properties PJSC is one of the world's largest property development companies and is rapidly evolving to become a global provider of premier lifestyles. Emaar Properties, which has a strong presence in 36 global markets, has expanded into shopping malls in line with its Vision 2010 to become one of the most valuable companies in the world through a two-pronged approach of geographic expansion and business segmentation.
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Tel: (+971 4) 335 5969
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Posted by Medilyn Manibo, Assistant News EditorSaturday, November 17 - 2007 at 11:16 UAE local time (GMT+4)
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