Opening of Emaar's Dubai Hills Mall delayed to Q1 2022

In May 2020, Zawya had reported that 70% of the project had been completed

  
Emaar launches ‘Dubai Hills Mall’, the city’s newest regional mall in Dubai Hills Estate, a joint venture with Meraas. Image used for illustrative purpose.

Emaar launches ‘Dubai Hills Mall’, the city’s newest regional mall in Dubai Hills Estate, a joint venture with Meraas. Image used for illustrative purpose.

Emaar/Handout via Thomson Reuters Zawya

Emaar Malls, the developer of premium shopping mall and retail assets, said that its Dubai Hills Mall is expected to open in the first quarter of 2022.

Launched in August 2017, the mall was originally scheduled to open in late 2019. Its opening was delayed to the fourth quarter of 2020, and again to second half of 2021 due to the impact of the pandemic, according to past statements by the mall operator.

With a gross a gross leasable area of 2 million square feet, the mall will feature 600 retail outlets as well as entertainment and leisure centers, and parking for 7,000 vehicles, Emaar Malls said in a press statement on Tuesday.

In May 2020, Zawya had reported that 70 percent of the project had been completed.

Emaar Malls reported a net profit of 622 million UAE dirhams ($169 million) during the first six months of 2021, compared to a net profit of 345 million dirhams ($94 million), during the same period in 2020.

(Writing by Anoop Menon; Editing by Seban Scaria)

anoop.menon@refinitiv.com

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© ZAWYA 2021

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