Emaar will open a mall close to the Expo 2020 Dubai site in 2024.
Dubai Expo Mall will have over 190 shops and F&B outlets and will be based in the Emaar South project, putting it close to Al Maktoum International Airport.
In terms of gross leasable area (GLA), it will be 385,000 sq ft, making it one of Emaar’s smaller malls. By comparison, Dubai Hills Mall has a GLA of 1.8 million sq ft and Dubai Mall has 4.2 million GLA.
Dubai Media Office confirmed the plans after Hotelier Middle East published the news.
Expo 2020 Dubai and its legacy are expected to contribute AED154.9bn (US$42.2bn) of gross value added (GVA) to the UAE’s economy from 2013 to 2042, an Ernst & Young report stated.
The event welcomed 24.1 million visits during its six-month run, supporting approximately 1.03 million full-time equivalent (FTE) job-years, equal to more than 35,000 FTE jobs per annum in the UAE over the same period.
The sectors contributing most to GVA, a measure of economic productivity, are:
- Events organisation and business services (AED 75.5 billion/$20.6bn)
- Construction (AED31.9bn/$8.7bn)
- Restaurants and hotels (AED23.1bn/$6.3bn).
Reem Al Hashimy, UAE Minister of State for International Cooperation and CEO, Expo City Dubai Authority said: “From the outset, we were committed to hosting a World Expo that would achieve long-lasting economic, social and environmental benefits for the UAE, the region and the world, with positive impacts extending well beyond the six months of the event.
“Despite the challenges of a global pandemic, we have delivered on that promise.
“One year since we closed our doors, this report confirms that Expo 2020 Dubai was a triumph – a milestone event that is substantially boosting our nation’s economy, and whose ripple effects are continuing to enhance our city’s international profile, driving new business growth and attracting globally significant events such as the UN Climate Change Conference of Parties (COP28), which our legacy city, Expo City Dubai, is proud to host in November 2023.”
