MEP/ID works underway; on track for mid-2008 opening
390,000 sq ft gross leasable area, over 160 stores
7-storey gourmet tower showcasing world cuisine
Dubai, UAE; November 6, 2007: Emaar Malls Group, the shopping malls subsidiary of Emaar Properties PJSC, is on-schedule with the development of the Dubai Marina Mall with 100 per cent concrete work already completed. The mechanical, electrical and plumbing (MEP) and interior design (ID) works are also underway, and the mall is on track for opening mid-2008.
The Dubai Marina Mall will be a key shopping and lifestyle component for residents and visitors at the vibrant Dubai Marina, the first of its kind master-planned waterfront development in the region by Emaar, with an estimated population of 75,000. Dubai Marina Mall will have 390,000 sq ft of gross leasable area with over 160 stores offering an eclectic retail mix of shopping, dining and entertainment options. A key highlight is the 7-storey gourmet tower, a revolutionary dining out concept showcasing world-class cuisine from around the world.
Dubai Marina Mall will sport a unique architectural design with a circular atrium that makes best use of its waterfront location. An extensive promenade lined with restaurants and cafés will also showcase the mall's waterside appeal. Billed to be a total lifestyle and shopping destination, Dubai Marina Mall also features a multi-screen cineplex, and a children's entertainment area.
The mall is complemented by the Dubai Marina Mall Hotel & Serviced Residences and the Marina Plaza - Dubai Marina's only commercial tower. A large multi-storey car park can hold over 2,200 car park spaces for mall visitors.
Dubai Marina is an ambitious 50 million sq ft development with 11 km of waterfront boardwalk. When completed, the development will feature five Marinas with fully serviced berths that can accommodate 500 vessels.
Emaar has already handed over three residential projects - Al Majara, Al Sahab and Dubai Marina Towers within Dubai Marina. Work is progressing on Emaar's three other waterfront developments - Marina Promenade, Marina Quays and Park Island. Retail sales at Dubai Marina are strong with its emergence as the new lifestyle and leisure destination in Dubai.
Leasing of retail space within the Dubai Marina Mall will commence soon.
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About Emaar Malls Group LLC:
Emaar Malls Group LLC, is the retail and shopping mall subsidiary of Emaar Properties PJSC, a leading property developer based in Dubai, and drives its diversification into shopping malls. This is in line with Emaar's Vision 2010 to become one of the most valuable companies in the world. Emaar has announced investments in shopping malls of over US$4 billion (AED 15 billion) with 12 million sq ft of retail property in operation or under development in the emerging markets of the Middle East, North Africa, the Indian Subcontinent and South Asia and is on target to become one of the largest developers of shopping malls in the world.
At the forefront of these developments is the flagship The Dubai Mall, one of the world's largest malls in the heart of the Downtown Burj Dubai. Opening in late 2008, The Dubai Mall will be a premier lifestyle and entertainment destination.
Emaar Malls Group is also developing two other malls in Dubai; Souk Al Bahar, an Arabesque shopping and entertainment development on The Old Town Island set to open in December 2007, and Dubai Marina Mall, a lifestyle shopping mall for residents of the Dubai Marina community opening in mid-2008.
Recently, Emaar Malls Group unveiled Cairo Gate, Egypt's largest shopping mall and leisure destination at the Cairo-Alexandria Project site, a mixed-use development spread over 160 acres.
About Emaar Properties PJSC:
Emaar Properties PJSC is one of the world's largest property development companies and is rapidly evolving to become a global provider of premier lifestyles. Emaar Properties, which has a strong presence in 36 global markets, has expanded into shopping malls in line with its Vision 2010 to become one of the most valuable companies in the world through a two-pronged approach of geographic expansion and business segmentation. For more information visit www.emaar.ae.
For further information, please contact:
Kelly Home / Nivine William
ASDA'A Public Relations
Exclusive Affiliate of Edelman PR Worldwide in Middle East & North Africa
Tel: (+971 4) 335 5969;
Fax: (+971 4) 335 6080
E-mail: k.home@asdaa.com, n.william@asdaa.com
© Press Release 2007
