Emaar Properties on Monday announced the expansion of Dubai Mall, which will include 240 new luxury stores and food and beverage outlets. This project represents an investment of Dh1.5 billion, and the contractor is already mobilising on-site.
“The new Dubai Mall expansion is a great addition to one of the most visited sites in the world,” said Mohamed Alabbar, founder of Emaar Properties. “This expansion reflects Dubai’s ambitious vision to remain at the forefront of global innovation and culture, further solidifying our city’s position as a top global destination.”
Dubai Mall has over 1,200 retail outlets, including two anchor department stores, Galeries Lafayette and Bloomingdale’s. It also offers over 200 international dining experiences and a wide range of entertainment and leisure attractions for families.
In 2023, Dubai Mall became the most visited place on Earth, achieving a new attendance record with 105 million visitors, a 19% increase from the previous year, and robust sales. The momentum continues in 2024, as Dubai Mall remains a global retail and leisure icon, offering innovative experiences while maintaining high customer satisfaction ratings.
Salik partnership
Earlier this year, Salik partnered with Emaar Malls to implement an advanced parking management system at Dubai Mall. The collaboration involves deploying Salik’s technology to create a seamless parking experience without barriers for mall customers.
The system will enable automatic fee collection for parking through vehicle plate recognition, deducting fees from Salik user accounts based on Emaar Malls’ defined business rules. It is anticipated to become operational at Dubai Mall by Q3 2024, and Salik’s revenue will be determined upon the finalisation of the business rules by Emaar Malls.
With over 2 million registered active accounts and 4 million active vehicles, Salik boasts a high penetration rate, with more than 90% of Dubai vehicles already registered. The company will handle the parking management system’s design, financing, development, installation, and management. Meanwhile, Dubai Mall will provide necessary local infrastructure, office space, and car park maintenance.
