The upcoming mall is on course to open in approximately three years and the masterplan covers around 11 million square metres and is valued at AED180bn.
Dubai Square Mall, a 2.6 million square metre retail destination at Dubai Creek Harbour is set to become the largest retail destination in the world, doubling the size of Dubai Mall.
With the city already home to thriving retail districts including Dubai Mall and Mall of the Emirates, the new development would mean a “rebalancing of gravity”, Yogesh Bulchandani, CEO and Founder of Sunrise Capital told Arabian Business.
“Tourism, retail and investment flows that have historically clustered around Sheikh Zayed Road and Downtown will increasingly extend toward Creek Harbour, deepening – rather than diluting – Dubai’s overall real estate story,” he said.
Dubai Mall currently remains the world’s most visited shopping district with over 100 million visitors in 2025. Malls are a major component of Dubai’s tourism strategy with tourists heavily engaging retail outlets during visits.
However, Balchandani argued that the mall will not be “competing for the same single day visitor” but instead, “extending the stay.”
“Tourists can now plan multi-day retail and entertainment itineraries that move from Downtown to Sheikh Zayed Road to Creek Harbour, increasing total spend in the emirate rather than fragmenting it. That multi-nodal experience is exactly what underpins Dubai’s ambition to be among the world’s top three cities for tourism, business and quality of life,” he explained.
