Dubai – Mubasher: Emaar Malls, the shopping malls and retail business unit of Emaar Properties, is planning to open its brand-new asset Dubai Hills Mall in 2020.
Located in Dubai Hills Estate, the new mall will offer a gross leasable area (GLA) of approximately 2 million square feet, the company said in a press release.
Dubai Hills Mall will feature nearly 550 retail and entertainment destinations including four major family entertainment and leisure centres, in addition to a cineplex, hypermarket, seven anchor retail experience stores, and over 7,000 dedicated parking spaces, Emaar Malls highlighted.
Moreover, the company is redeveloping Meadows Village, set for completion in 2020, to boost its GLA by around 95,000 square feet, according to the release.
On Wednesday, Emaar Malls reported a 3% year-on-year increase in net profits for the first half of 2019, recording AED 1.130 billion, compared to AED 1.102 billion.