Emaar Malls set for 2020 opening of #Dubai Hills Mall, Time Out Market | ZAWYA MENA Edition

Emaar Malls set for 2020 opening of Dubai Hills Mall, Time Out Market | ZAWYA MENA Edition:

Emaar Malls, the shopping malls and retail business majority-owned by Emaar Properties, is set to open Dubai Hills Mall in Dubai Hills Estate in Q4 2020.

The 2 million square foot retail establishment will feature nearly 550 retail and entertainment destinations including four major family entertainment and leisure centres along with a cineplex, hypermarket, seven anchor retail experience stores, and over 7,000 parking spaces.

Emaar Malls posted a 5 percent rise in revenue to AED 4.673 billion ($ 1.272 billion) in 2019, compared to AED 4.446 billion ($ 1.210 billion) in 2018.

Its overall net profit amounted to AED 2.286 billion ($ 622 million) in 2019 compared to 2.230 billion dirhams ($607 million) in 2018. Revenue grew by 4 per cent to 1.261 billion dirhams ($343 million) during the last quarter of 2019 (October to December) when compared to same period in 2018.