A subsidiary of EMAAR Properties, Emaar Malls Group is a major shopping malls and retail centres development and management firm based out of Dubai, United Arab Emirates (UAE).
Image: company website
Established on December 28th, 2005, Emaar Malls Group is second only to its own parent company EMAAR Properties with respect to Market capitalization among all the companies operating in the Real Estate and Construction Sector and listed on the Dubai Financial Market (DFM). Listed on the DFM on October 2nd 2014, Emaar Malls Group has a massive paid-up capital of over 13 billion Dirhams (AED).
The company has majority of its operations in four segments of shopping malls and retail centre construction and management - Regional Malls, Super-Regional Malls, Specialty Retail, and Community Integrated Retail.
The front runner of Emaar Malls Group’s construction business is the world famous Dubai Mall. The Dubai Mall is not only the world’s largest shopping mall by area (1,124,000 sq. mts.), it is also the world’s most visited shopping, entertainment and leisure destination by footfall. The company also has several other impressive names to its credit – notably the Souk Al Bahar, which is a dining and entertainment place designed in Arabesque style; the Dubai Marina Mall, which caters to the lifestyle shoppers in the Dubai Marina community; and also the Gold and Diamond Park, which caters solely to the gold and jewellery enthusiasts. Understandably, Emaar Malls Group boasts of an impressive 5.8 million sq. ft. of leasable area. Achieving a staggering 96% occupancy rate in its shopping malls and retail centres, Emaar Malls Group also has several awards in its kitty - Best Hotel Chain the Middle East’, ‘Best Individual Hotel in the World’ for The Address in Downtown Dubai to name a few, as a recognition for its operational standards and excellence.