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Monday, November 9 - 2009

EMAAR Properties announces new retail and leasing team for The Dubai Mall

  • United Arab Emirates: Sunday, November 30 - 2003 at 16:42
  • PRESS RELEASE

EMAAR Properties, the region's leading property developer, and the company behind the prestigious Burj Dubai project, today announced its new retail and leasing team.

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  • The EMAAR retail team.
    The EMAAR retail team.
The nine-member team will co-ordinate the five million square retail space of the nine million square foot Dubai Mall project. The mall itself is equivalent to the size of more than 50 international-class soccer pitches.

In addition to working on The Dubai Mall, the company's team members will also handle retail space opportunities at six of EMAAR's other landmark developments. These include the Dubai Marina, The Meadows, The Springs, The Greens, Emirates Hills and Arabian Ranches.

Commenting on the move, Ibrahim Al Hashimi, Executive Director, Retail and Leasing Department, who will be leading the team, said: "With the expansion in retail opportunities at our developments EMAAR is strengthening its retail and leasing team to co-ordinate all efforts and to ensure that we continue to offer the best service available to our prospective retail partners.

"Of our ten projects The Dubai Mall is the most adventurous with more than nine million square feet. We will offer retail space for more than a thousand stores. Further retail opportunities will also be available within the Burj Dubai, the planned hotel and the old town," he continued.

The increased role of EMAAR's retail and leasing team comes at a time when plans to develop the Dubai's tourism industry abound. With plans by the Government of Dubai to attract some 15 million people by the end of the decade, the role shopping malls play has become increasingly important. More than 40 shopping malls are now operating in Dubai and with the annual Dubai Shopping Festival, Dubai is fast transforming itself from shopping capital of the Middle East to shopping capital of the world.

"We have a very important role to play and we are contributing to the vision of the government. This is an exciting time to be in the retail and we are looking forward to the challenge enormously," explained Al Hashimi.

The team lead by Ibrahim Al Hashimi (Executive Director, Retail & Leasing Department) consists of: Shoaib Al Rahimi (Retail Manager), Jill Solwa (Leasing Manager - EMAAR Commercial Property Leasing), Ghada Siam (Executive Secretary - Retail & Leasing Department), Maisoon Thani (Sales Manager - Retail), Fariza Ahmed (Marketing Executive), Yafea Eid Al Faraj (Sales Executive), Taher Badri (Centre Manager - Gold & Diamond Park) and Bader Al Zarei (Assistant Manager- Retail).
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Notes and media contacts

About EMAAR Properties PJSC
EMAAR Properties is a Public Joint Stock Company listed on the Dubai Financial Market. With an asset base of US$ 6 billion including the land bank, the Company's vision is to 'Shape the Future of Dubai' by focusing on innovation, meticulous planning and the continuous pursuit of excellence. The Company has witnessed tremendous growth since its inception in 1997 and boasts a rapidly growing tenant base.

Currently, it has ten major real estate projects under various stages of development. These developments include Dubai Marina, Arabian Ranches (including Gazelle), Emirates Hills, The Meadows, The Springs, The Lakes (including Hattan Homes), The Greens and EMAAR Towers in downtown Dubai. The company also owns and manages the Gold and Diamond Park and will soon launch on its ambitious plans to build Burj Dubai - the tallest skyscraper in the world.

While EMAAR continues to actively pursue expansion in its core business of innovative, high quality real estate development it has diversified into related business lines to further build value for its 41,000 shareholders. In line with this corporate belief, EMAAR also owns and manages four subsidiaries - Dubai Bank, focused on retail and commercial banking, Amlak Finance, the UAE's first and only mortgage finance company, EMRILL, a joint venture with the UK-based Carillion plc which provides innovative property and facilities management services, and it technology and communications company, Sahm Technologies.

For further information, please contact:
Malika Bseiso
EMAAR Properties
Tel: +971-4-399 3366
Fax: +971-4-399 2292

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