Dubai PR Network, Online Press Release from Dubai and Middle East
 
Mall, Retail & Hospitality(Real Estate & Retail)
Filter PR by
  
Emaar Malls Records Net Profit to AED 1.070 billion (US$ 291million) in the first nine months of 2021
 
Emaar Malls Records Net Profit to AED 1.070 billion (US$ 291million) in the first nine months of 2021
• Revenue for the first nine months (January to September) of 2021 was AED 3.191 billion (US$ 869 million)
 
 
Dubai, United Arab Emirates; November 09, 2021: Emaar Malls (DFM: EMAARMALLS) registered a net profit of AED 1.070 billion (US$ 291 million) during the first nine months (January to September) of 2021 against AED 3.191 billion (US$ 869 million) in revenue for the first nine months of 2021.
 
Emaar Malls reported a third-quarter (July to September) 2021 net profit of AED 448 million (US$ 122 million), against AED 1.143 billion (US$ 311 million) in revenue for Q3 2021.
Emaar Mall’s e-commerce fashion and lifestyle platform, Namshi, a wholly owned subsidiary, recorded sales of AED 320 million (US$ 87 million) for Q3 2021. 
Resilient Occupancy
Occupancy levels across Emaar Malls’ assets – The Dubai Mall, Dubai Marina Mall, Gold & Diamond Park, Souk Al Bahar, and the Community Retail Centres – remained 91 per cent during the quarter. 
Upcoming Developments
Scheduled to open in Q1 2022, Emaar’s Dubai Hills Mall will feature up to 600 outlets, including an array of retail stores, restaurants and cafés. The mall boasts a gross leasable area of 2 million sq. ft., together with four major family entertainment and leisure centres, as well as a cineplex, hypermarket, multiple anchor retail stores, an indoor roller coaster and dedicated parking for over 7,000 vehicles.
 
With more shoppers returning to retail settings, Emaar Malls has initiated an impressive range of additional programmes that the whole family can benefit from and enjoy. With the exciting Zabeel Sports District, a unique indoor sporting facility, due to open in November 2021 on the rooftop of The Dubai Mall Zabeel, Emaar Malls is committed to providing exceptional experiences for all guests across its destinations. Shoppers can also look forward to the region’s first Chinatown, which is expected to open at The Dubai Mall in the second half of 2022. Chinatown will feature a plethora of authentic Chinese brands, as well as variety of food and beverage outlets that appeal to all shoppers.


Posted by : DubaiPRNetwork.com Editorial Team
Viewed 3915 times
PR Category : Real Estate & Retail
Posted on : Tuesday, November 9, 2021  9:44:00 AM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Union Coop: 50th National Day Campaign Starts NOW!!!
Next Story : Union Coop Announces 3 Days Leave for Employees to Visit &qu...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
First Technology Event in 2022 in Dubai Opens with a Resounding Success [11927-Views]
Shenzhen Brand Products Exhibition Come to Dubai Physically on January 2022 [8565-Views]
Mysterious Ancient Tombs Reveal 4,500-Year-Old Highway Network in North-West Arabia [5810-Views]
Are You Ready for Valentine's Day? - Omega Says 'Show Me Love' [5273-Views]
Symbols and Colours by Pandora: Little Symbols of Big Dreams [4276-Views]
Sony Middle East & Africa Broadens Availability of 360 Spatial Sound Experience with Upgra... [4129-Views]
Oris Big Crown X Cervo Volante [3940-Views]
RAKEZ Facilitates Bank Account Opening for Clients through RAKBANK's Quick Apply Digital K... [3784-Views]
LG's Newest Innovations Earn Wide Range of Honors at Ces 2022 [3743-Views]
Ajman University Set to Host the "Year of the Fiftieth" Commencement Ceremony [3616-Views]
The First-Ever Chupa Chups Room in the World Launches in Dubai, UAE [3309-Views]
Maserati: Back to Racing. The First Italian Brand to Compete in the ABB FIA Formula E Wor... [3259-Views]
Loeb Closes the Gap Again to Turn Up Dakar Pressure [3247-Views]
The Best Clean Beauty Brands at THAT Concept Store [3186-Views]
Samsung Launches Galaxy S21 FE 5G - The Ultimate Smartphone Designed for Fans in the UAE [3165-Views]
BRX Trio Stage Top Ten Show As Dakar Heads for Finish [3141-Views]
Kuwaiti Photographer Displays Wildlife Photos at Expo 2020 Dubai [3038-Views]
Region's First World of Coffee Opens at Expo 2020 Dubai [3038-Views]
Discover The Infectious Waste Disposal Solution at Arab Health [3018-Views]
Zoho's Dubai Headquarters To Operate On New Working Week [2940-Views]
United Arab Bank Implements Complete Data Protection for Data Backup, Replication, and Dis... [2755-Views]
The Republic of Paraguay's Diversity in Focus as a Tourist Destination at Expo 2020 [2731-Views]
Arabian Automobiles Wins Two Major Awards: Agency Workshop of the Year, Agency Bodyshop of... [2718-Views]
LG Levels Up the Laundry Experience With the Latest in Washing and Drying Solutions [2632-Views]
Emirates Post Group in collaboration with Emirates Philatelic Association. UAE to host fi... [2599-Views]
 
RSS Facebook Twitter LinkedDin DubaiPRNetwork.com on Instagram
 
Top Sections
 
Top Stories