Emaar Properties has declared Dh1.5 billion ($408 million) to expand the Dubai Mall because it aims at expanding the foot traffic in the site and increase the variety of goods and services offered. The plan involves 240 new luxury retail outlets and food and beverages facilities and the contractor has is in the process of mobilizing on-site, Emaar said in a statement on Monday. It also lacked an estimated completion date for the project. Dubai Mall alone received 105 million visitors in the year gone by, increasing by 19 percent annually, and the place is a favorite with both tourists and shoppers. It was obvious that the development is a great addition to one of the most visited sites in the world, according to Mohamed Alabbar, the founder of Emaar. “This expansion will complement the vision of Dubai to stay ahead on the forefront of innovation and culture and further strengthen the position of our thriving city as one of the most sought-after international destinations. Dubai has embarked on an aggressive economic campaign for the development of the tourism sector.” The city hosted 5.18 million international overnight visitors in Q1-2024, against 4. In the same year, official records indicate that there were 67 million global tourist arrivals. The emirate posted its best annual tourism figures; it also revealed that international tourist arrivals into the emirate were up by 19. It rose significantly every year and in 2002 it was 4 per cent annually to 17.15 million, which can be largely attributed to the further development of the economy of the country.
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Last year’s figure was much higher than the previous record which was 16.73 million visitors registered in 2019, said the data recently released by the Dubai’s Department of Economy and Tourism. Dubai is also developing a new passenger terminal at Al Maktoum International, which is Dubai World Central, the emirate’ second airport, as Dubai International approaches its saturation point.
