Emaar profits rise 50% as Dubai Mall visitors reach 6 million monthly

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By Gillian Duncan and Lucy Barnard  www.thenational.ae

Emaar Properties recorded a 50 per cent rise in third-quarter profits helped by more than 6 million visitors to The Dubai Mall every month.

The number of visitors to the mall, the world’s largest shopping centre by total area, rose 24 per cent over the period to 55 million – 26 times the population of Dubai.

“It’s designed for that kind of traffic,” said David Macadam, the regional chief executive of The International Council of Shopping Centres.

“What it shows is that the mall is really working well. But what it shows more importantly is that the tourism, the infrastructure, the airport, the taxis, the power, the water – all of the infrastructure that’s in Dubai that is world leading – is really working well.” More info