Dubai Mall, an iconic shopping destination in the United Arab Emirates, is set to receive a major investment of AED 1.5 billion or USD 480 million as its owner, Dubai-based real estate company Emaar Properties announces an expansion plan for the mall.

Mohamed Alabbar

According to a press statement by Emaar, the expansion will include 240 new luxury stores and food and beverage outlets. The statement adds that In 2023, Dubai Mall recorded a 19 pc increase from the previous year, coupled with exceptionally strong sales. It also became the most visited place in the world, achieving a new attendance record with 105 million visitors.

“The new Dubai Mall expansion is a great addition to one of the most visited sites in the world. We extend our gratitude to our esteemed guests and loyal customers, as well as our partners, retailers, and government authorities for their unwavering support. This expansion reflects Dubai’s ambitious vision to remain at the forefront of global innovation and culture, further solidifying our city’s position as a top global destination,” says Mohamed Alabbar, Founder of Emaar Properties.