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Does Dubai need more malls? The

people say yes

By Valentina Pasquali
July 4, 2024

Alamy via Reuters
It is claimed that Dubai Mall is the most-visited place in the world, but mid-sized
community malls are increasingly popular with the city's inhabitants

In a city that already has more than 60 million square feet of leasable retail space, one
of the highest per capita in the shopping-crazy Gulf, it is perhaps surprising to see more
malls being built or added to the pipeline.

Yet that is exactly what is happening in Dubai, where this week Sobha Realty said it has
started construction on a new 339,000sq ft mall at its Sobha Hartland community at a
price of AED210 million ($57.22 million).

This follows the much glitzier announcement by Emaar in June that it would spend 1.5
billion dirham ($408 million) to add 204 shops, restaurants and cafes to the already
massive 12 million sq ft Dubai Mall – which in 2023 became the most visited place in
the world with 105 million customers, according to Emirati news agency Wam.

https://www.agbi.com/analysis/retail/2024/07/does-dubai-need-more-malls-the-people-say-yes/