Dubai’s Emaar Malls’ sales rise 42% in 2021
What: The owner of retail properties including The Dubai Mall and Dubai Marina Mall recorded sales of 4.9 billion dirham (USD 1.33 billion) with a net profit of 1.8 billion dirham last year, representing a year-on-year rise of 42% and 160%, respectively.
Why it is important: The business is likely to receive an additional boost in the short term due to the opening of Dubai Hills Mall in the first quarter of 2022.
Occupancy at Emaar Malls properties reached 87% in 2021.
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