Emaar Malls, which is owned by Emaar Properties, recorded a five percent increase in revenue to Dh4.673 billion (US$ 1.272 billion) in 2019.
‘2019 was a great year for Emaar Malls with occupancy and visitor levels growing steadily,” said Mohamed Alabbar, Chairman of Emaar and Board Member of Emaar Malls. “This uptick is a result of our continuous innovation as we refresh the customer journey, diversify our portfolio and invest in opportunities to bring our destinations to life. Examples of this include the recently opened Zabeel Extension at The Dubai Mall and the complete acquisition of Namshi, both of which contributed to our achievements in 2019. We expect to see this success continue through 2020, as we focus on loyalty programs to drive repeat visits and open new destinations to welcome inbound tourism driven by Expo 2020.’