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Mall of Emirates ranked seventh most productive worldwide
- United Arab Emirates: Wednesday, October 24 - 2012 at 02:14
The International Council of Shopping Centres (ICSC) has ranked Mall of the Emirates in Dubai the seventh most productive shopping centre in the world, earning $1,423 per sq ft per annum. ICSC's annual survey maps the global retail centres, classifies the world's 15 most lucrative malls and analyses factors contributing to their success. Mall of the Emirates, Majid Al Futtaim Properties' flagship mall in Dubai, is the only mall in the Middle East to qualify among the world's top 15 shopping malls. Since opening its doors in 2005, Mall of the Emirates has witnessed consistent footfall growth and impressive demand from retailers. In the past seven years, its annual footfall numbers have increased by an average 8% to 10% annually.
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