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Emaar offers first view of 'Downtown Dubai' as The Dubai Mall Leasing Centre opens
- United Arab Emirates: Tuesday, June 15 - 2004 at 15:30
- PRESS RELEASE
Mohamed Ali Alabbar, Chairman of Emaar Properties, today announced the launch of The Dubai Mall Leasing Centre as a curtain raiser to the development of 'Downtown Dubai'.
One of the key components of this unique retail portfolio will be a host of first-time brands in Dubai which will occupy 45 per cent of the Mall's retail space.
Open for business from 9am-6pm six days a week, The Dubai Mall Leasing Centre will serve as a focal point for retail bookings and trade enquiries and will also attract visitors with its imaginative design.
The Centre, a gateway for global and regional retailers to bring their upmarket brands into the record-breaking mall, will play a strategic role in transforming shopping and leisure in Dubai as the emirate bids to become a leading shopping and lifestyle destination.
Illustrating the grand scale of Emaar's ambitious retail offering will be a gigantic three-dimensional model of The Dubai Mall development offering prospective customers a 'look and feel' of what the real thing will be like upon completion.
In addition, state-of-the-art audio-visual displays, hi-tech plasma screens, and scale models of key attractions within the Mall will give a sense of the vibrancy and excitement which define the upscale retail development.
A 12 million sq. ft. shopping colossus, The Dubai Mall is only one element of Emaar's iconic Burj Dubai Development. The ambitious real estate venture will also feature the Burj Dubai, the world's tallest tower, the Old Town, the Residences, an Office Park and a lush 60-acre landscaped park, all linked by an impressive 3-km long Boulevard. The development will be spread over the 400 acres adjacent to the first interchange on Sheikh Zayed Road.
The Burj Dubai Development is poised to become Dubai's elegant new downtown area in line with similar areas in the great cities of the world. "The Dubai Mall is indisputably the most daring retail property development, not merely in the Middle East but in the world," said Ibrahim Al Hashemi, Emaar Properties' Executive Director for Retail.
The Dubai Mall occupies over 5.6 million sq. ft. of retail space, of which 3.6 million sq. ft. can be leased. It will feature an amalgamation of approximately 10 to 15 individual malls or niches, each catering to distinct product categories.
"The Dubai Mall will form an elite urban centre in Downtown Dubai and will transform the emirate from the shopping capital of the Middle East to the shopping capital of the world," said Al Hashemi. "We have received an overwhelming response from international and regional retailers who want to be part of The Dubai Mall's unrivalled retail environment. This Mall will be home to the globe's most esteemed brand names."
The airy spacious interior of The Dubai Mall Leasing Centre reflects the cool urban chic of the Mall design. A well-designed shop front provides a fitting backdrop to the main entrance.
"With its offer of world class shopping, recreation and amenities, The Dubai Mall will provide the ultimate family shopping experience where there is everything for everyone under one roof, " said Al Hashemi. "Its vast size and comprehensive trade mix will cater to virtually everyone - individuals of all ages, gender, nationalities and demographics.
"We expect to attract 35million visitors in the first full year of business, with a continuing growth of 20 to 30 per cent a year."
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Notes and media contacts
About Emaar Properties PJSCEmaar Properties is a Public Joint Stock Company listed on the Dubai Financial Market. With an asset base of US$7.7 billion including the land bank, the Company's vision is 'Shaping the Future. Today' 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 several major real estate projects under various stages of development. These developments include Dubai Marina, Arabian Ranches, Gazelle, Emirates Hills, The Views, The Meadows, The Springs, The Lakes, Hattan Homes, The Greens, Emaar Towers and Residences at Burj Dubai. The company also owns and manages the Gold and Diamond Park, and has started construction on its most ambitious project to date, the 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, UAE's first mortgage finance company, EMRILL, a joint venture with the UK-based Carillion which provides innovative property and facilities management services, and its technology and communications company, Sahm Technologies.
For further information, please contact:
Iram Zaidi/ Lina Anani
ASDA'A Public Relations
Exclusive Affiliate of Edelman PR Worldwide in
Middle East and North Africa
Dubai, UAE
Tel: +971-4-3355969, Fax: +971-4-3356080
Emaar Properties
Tel: +971-4-367-4566
Fax: +971-4-367-3705
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