20 September, 2013
Article length: 467 words
Dubai: Al-Futtaim groups looking to expand
Majid Al Futtaim Properties (MAF) has said it will spend Dh1bn ($0.3bn) expanding one of Dubai’s largest malls – the Mall of the Emirates. In a statement on 10 September, MAF said the mall would be redeveloped to include a new fashion district, luxury retail, and sports and leisure precinct. The mall is a major attraction because it houses the only indoor ski resort in the region, launched in 2005. Phase one of the expansion has already begun: a Dh100m district dedicated to contemporary fashion. The news – the latest of a string of mega-projects in the emirate announced since 2012 (GSN 937/13) – follows an announcement by Emaar Properties earlier this year that it planned to expand Dubai Mall, the world’s largest mall, with a view to attracting more than 100m visitors each year.