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Dubai Marina Mall

Emaar Malls sees net profit rise on growing visitor footfall

by Sam BridgeWed 31 Jul 2019Wed 6 Oct 2021

Dubai retail giant posts 3% rise in H1 net profit to $308m as assets record total footfall of 68 million visitors

#BeMyGuest

Emaar Malls CEO steps down after one year

by Staff WriterTue 2 Jul 2019Thu 7 Oct 2021

Patrick Bousquet-Chavanne was appointed in July last year

Emaar Malls has consistently outperformed the market and continues to drive the growth of Dubai’s retail sector, Mohammad Alabbar, chairman of Emaar Properties and board member of Emaar Malls, said in a press statement last month.

Dubai Financial Market

Emaar Malls shares surged 13.7% on Tuesday

by Shane McGinleyWed 15 May 2019Thu 7 Oct 2021

Emaar’s retail shopping division reported a 7% in profit for Q1 2019

Investors in Dubai’s equities might be feeling whiplash after the main index went from the day’s worst performer worldwide to the biggest gainer in back-to-back sessions.

Bloomberg

How Dubai’s bourse completed a remarkable turnaround in one day

by BloombergTue 14 May 2019Thu 7 Oct 2021

Dubai Financial Market advances 3.5%, gaining more than any other major market tracked by Bloomberg, after 4% loss on Monday

Emaar’s shopping malls in Dubai recorded a 3% rise in visitor numbers at 36 million during Q1 2019 compared to 35 million visitors during the same period last year. The malls also saw a 4 percent growth in revenue to $293m (AED1.075bn).

Downtown Dubai

Emaar Properties increases Q1 profit after near-record sales

by Staff WriterSun 5 May 2019Thu 7 Oct 2021

Quarterly sales saw 123% surge in international customers

The visitor footfall to The Dubai Mall was 22 million during the first three months of this year, supported by the growth in tourist arrivals to Dubai.

Dubai retail sector

Emaar Malls posts 7% rise in Q1 net profit to $159m

by Sam BridgeMon 29 Apr 2019Thu 7 Oct 2021

Strong performance of its shopping mall assets including The Dubai Mall drives profit and revenue growth of Emaar Malls in Q1

The Dubai Mall, the flagship assets of Emaar Malls, marked a milestone in 2018, celebrating its 10th anniversary and opening the Fashion Avenue expansion.

Dividends

Emaar Malls says planning to distribute $354m cash dividend

by Sam BridgeMon 22 Apr 2019Thu 7 Oct 2021

Fourth annual general meeting of Emaar Malls will be held on Tuesday, will discuss proposal for cash dividend representing 10% of share capital

Time Out Market, Souk Al Bahar, Time Out Market Dubai, Sandy Hayek

Downtown Dubai

Time Out Market to open in Dubai in 2020

by Bernd Debusmann JrWed 3 Apr 2019Wed 6 Oct 2021

Time Out Market will allow visitors to enjoy dishes from 16 of Dubai’s top chefs and restaurateurs, as well as three lounges and a variety of curated cultural experiences

Launching on Thursday, the service offers mums or pregnant mothers the support of one of Malaak’s trained childcare professionals, offering on-the-go childcare service and an overall stress-free visit to the mall.

Dubai

Dubai Mall to launch the UAE’s first in-mall childcare service

by Sam BridgeWed 20 Mar 2019Wed 6 Oct 2021

Launched in partnership with Malaak Mama & Baby Care, the service will be available from Thursday

Emaar Malls has announced the appointment of chief strategy officer Hadi Badri as chairman of Namshi.

Dubai

Emaar Malls names new chairman for online fashion firm Namshi

by Sam BridgeMon 18 Mar 2019Wed 6 Oct 2021

Chief strategy officer Hadi Badri is appointed following Emaar Malls’ acquisition of Namshi

Arab added that the partnership with Emaar will “undoubtedly bring great value to the business in terms of new avenues for growth and personal development”.

Dubai

Namshi CEO to step down following complete sale to Emaar Malls

by Staff WriterSun 10 Mar 2019Wed 6 Oct 2021

Hosam Arab said one of five original founders of the online fashion portal Namshi which was established in 2011.

Dubai

Dubai retail market remains strong, says Emaar Malls CEO

by Neil HalliganThu 7 Mar 2019Wed 6 Oct 2021

Emaar Malls CEO Patrick Bousquet-Chavanne said continued Dubai government investment in tourism and retail, aligned with a growth in population and the lead-up to Expo 2020 are encouraging