Arab Today, arab today dubais emaar malls profit jumps 23 in 2015
Last Updated : GMT 17:40:59
Arab Today, arab today
Arab Today, arab today

Dubai's Emaar Malls profit jumps 23% in 2015

Arab Today, arab today

Arab Today, arab today Dubai's Emaar Malls profit jumps 23% in 2015

The view from the top of Emaar property group
Dubai - AFP

Emaar Malls, the shopping and retail arm mostly owned by Dubai's Emaar Properties giant, said Sunday its annual profit surged 23 percent to $451 million in 2015, as rental income increased.

Net profit reached 1.66 billion dirhams ($451 million) in 2015, compared with 1.35 billion dirhams the year before, said the company which owns Dubai Mall -- one of the world's largest shopping centres.

In the fourth quarter, Emaar Malls saw net profit rise 16 percent on year to 435 million dirhams.

The company said its rental income grew by 11 percent to 2.99 billion in 2015, with occupancy levels reaching 96 percent in the same year.

"The retail sector is a key contributor to Dubai's economy, said chairman Mohamed Alabbar.

"Emaar Malls assets mark a significant contribution to defining our city as must-visit destination for retail and leisure."

The company said Dubai Mall attracted 80 million visitors in 2015, claiming it has cemented its position as "the world's most-visited shopping and leisure destination".

In addition to Dubai Mall, the company's portfolio includes the adjacent Arabesque-style Souk Al-Bahar, Marina Mall and Gold & Diamond Park.

Emaar Properties, the parent group of Emaar Malls, is the largest listed company on the Dubai Financial Market. It was behind several landmark property developments, including the world's tallest tower, Burj Khalifa.

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dubais emaar malls profit jumps 23 in 2015 Arab Today, arab today dubais emaar malls profit jumps 23 in 2015

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
View News in Arabic - Business: اقتصاد عربي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Actress Mervat Amin reveals her role in new series
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 06:04 2017 Thursday ,23 March

Haifa Wahby bets on her new drama show

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 20:03 2017 Saturday ,25 March

Health expert warns from dust sensitivity

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday