Located centrally in the Dubai Marina master-development
40,000 sq m net leasable area
Leasing to start soon; completion in 2008
Cineplex, kids' entertainment and ample parking
Dubai, UAE; June 3, 2007: Emaar Properties has unveiled the Dubai Marina Mall complex comprising a shopping and entertainment centre. Promising to be a total shopping and lifestyle destination, Dubai Marina Mall, located along the waterfront, is scheduled to open in the second half of 2008.
The Dubai Marina Mall complex extends over an area of 42,000 sq m and will have 40,000 sq m of net leaseable space. It will house several retail outlets offering an array of shopping options, an extensive spread of restaurants and cafes, a cineplex and children's entertainment area. A two-level basement plus five-storey parking lot will accommodate over 3,000 vehicles.
Emaar Malls Group LLC, the retail subsidiary of Emaar Properties, will start leasing the retail space soon. The focus is on offering a balanced retail and entertainment spread that meets the needs of Dubai Marina residents and visitors.
"Dubai Marina is one of the most fashionable lifestyle neighbourhoods in the city, and the Dubai Marina Mall will enhance the quality of living of residents by serving as a one-stop shopping and entertainment destination," said Mr Rashid Doleh, Chief Executive Officer, Emaar Malls Group LLC. "The Mall also highlights Emaar's growth strategy of diversifying into sectors such as education, healthcare, hospitality & leisure, malls, finance and industry, in line with the company's objective of being a total lifestyle provider."
"Dubai Marina has a projected total population of 75,000, and with several thousand residents already living in the waterfront neighbourhood, Dubai Marina Mall has a strong captive clientele. Its central location within the master-development will be a key attraction for tenants," added Mr Doleh. "We aim to provide an exciting mix of tenants within the mall and will include supermarkets, fashionwear, accessories, jewellers, boutiques, book and toy shops and music centres."
Dubai Marina Mall will sport a distinctive architectural style with a circular atrium that makes utmost use of the waterfront location. A pier, extending to the waterfront, will be lined with cafes and restaurants. The promenade level will anchor a variety of stores as well as food and beverage outlets that open to the waterfront. The ground and first floors showcase a wide range of retail options, while the second floor of the mall is dedicated for children's entertainment, food court and a cineplex with eight screens.
Emaar Properties has six residential projects in Dubai Marina, a 50 million sq ft development with 11 km of waterfront boardwalk. Emaar has handed over three projects - Al Majara, Al Sahab and The Dubai Marina Towers - to residents. The three up-and-coming projects - Marina Promenade, Marina Quays and Park Island - also will provide residents the luxuries of waterfront living as well as easy access to the Dubai Marina Mall. For more information, contact the Emaar Sales Centre located at Emaar Business Park, Building 1 on toll-free number: 800 EMAAR (36227).
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About Emaar Properties PJSC:
Emaar Properties PJSC is one of the world's largest real estate companies and is rapidly evolving to become a global provider of premier lifestyles. Powered by its Vision 2010 to become one of the most valuable companies in the world, Emaar is charting a new course of growth with a two-pronged strategy of geographical expansion and business segmentation.
Replicating its successful business model in Dubai, Emaar is extending its expertise in creating master-planned communities to international markets. Emaar is also developing new competencies in retail, hospitality and leisure, education, healthcare, finance and industry, which have evolved from its integrated approach to customer service and property development.
Listed on the Dubai Financial Market, part of the Dow Jones Arabia Titans Index and certified to ISO9001:2000 for quality standards, Emaar is developing Burj Dubai, on its way to become the world's tallest tower, and The Dubai Mall, one of the world's largest shopping and entertainment destinations. In Saudi Arabia, Emaar is developing King Abdullah Economic City, the region's largest private sector-led project. Emaar's portfolio currently covers the following countries: the UAE, Saudi Arabia, Jordan, Syria, Lebanon, Morocco, Egypt, Turkey, Libya, India, Pakistan, Indonesia, the US, the UK, France and Canada.
An award-winning developer, Emaar has strengthened its product sale competencies, market reach and best practices through strategic acquisitions and joint ventures. Emaar acquired John Laing Homes, America's second largest privately held home builder; Hamptons International, UK's premier realtor; and formed a joint venture with US-based Turner International to strengthen execution capabilities.
Emaar has joined hands with Giorgio Armani and Accor Hotels to strengthen its presence in hospitality, and will launch ten luxury Armani resorts and hotels world-wide and 100 Formule 1 budget hotels in India. The company is opening educational institutions and healthcare centres in South Asia, Middle East and North Africa and the Subcontinent. Emaar acquired Singapore-based leading education provider, Raffles Campus, to extend expertise to its educational institutions.
Emaar holds 30 per cent equity in Dubai Bank, focused on retail and commercial banking. Emaar is also the largest shareholder in Amlak Finance, UAE's leading Islamic home financing company. For more information, visit www.emaar.com.
For further information, please contact:
Kelly Home / Nedal Alasaad
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.alasaad@asdaa.com
© Press Release 2007
