Emaar Said to Plan Mall, Hotel Venture for Expo 2020

Emaar Said to Plan Mall, Hotel Venture for Expo 2020

Dubai: Emaar Properties PJSC, owner of the world’s largest mall, plans to build a shopping centre and several hotels on the Dubai site that will be used to stage the World Expo 2020, two people with knowledge of the matter said.

The UAE’s largest developer by market value will build the properties in a joint venture with Dubai World Trade Centre LLC, said the people, who asked not to be identified because the matter is private.

Emaar said in a statement Wednesday that it’s in talks with DWTC to form a joint venture to “develop a mixed-use development” without providing further details. DWTC didn’t respond to calls and an email seeking comment.

Emaar, which owns and operates several shopping centres including the Dubai Mall, has been increasing its income from rentals to make up for fluctuations in Dubai’s residential property sales. The builder of the Burj Khalifa, the world’s tallest tower, currently derives more than half of its revenue from retail and hospitality.

Dubai World Trade Centre is a state-owned developer of office space, hotel and conferences with some assets in Dubai. It’s developing an office district near the Dubai International Financial Centre.

The hotels, planned for the Expo 2020 site, will be designed to cater to business travellers, one of the people said. Details of the plans and costs are still being finalised, they said.

Content Courtesy : GulfNews

Apartment for Sale in London - Centurion Court South Woodford East London
Make an Enquiry
verification image, type it in the box
Latest Properties in Dubai

Most Stunning Full Marina View Large 2BR

Price : AED 169,999
2
Bedroom-Icon-Villas-For-Rent-Palm-Jumeirah-Dubai
3
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
1
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah

Fully Furnished | 1 BR | Vacant | AED 85K

Price : AED 85,000
1
Bedroom-Icon-Villas-For-Rent-Palm-Jumeirah-Dubai
1
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
1
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah

2 BR I Full sea view l Elite Residence l Dubai Marina

Price : AED 137,000
2
Bedroom-Icon-Villas-For-Rent-Palm-Jumeirah-Dubai
2
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
1
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah

1 BR | Awesome Views | Elite Dubai Marina

Price : AED 95,000
1
Bedroom-Icon-Villas-For-Rent-Palm-Jumeirah-Dubai
1
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
1
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah

2 BR | Furnished |Best Offer|Garden View

Price : AED 800,000
2
Bedroom-Icon-Villas-For-Rent-Palm-Jumeirah-Dubai
3
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
2
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah

1 Bed Apartment For Sale in Address Dubai Mall Residences

Price : AED 2,700,000
1
Bedroom-Icon-Villas-For-Rent-Palm-Jumeirah-Dubai
1
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
1
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah

1 BR with Study | Amazing Views | Axis Silver

Price : AED 740,000
1
Bedroom-Icon-Villas-For-Rent-Palm-Jumeirah-Dubai
2
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
1
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah

1 BR with Study | Starts from Just 740K

Price : AED 740,000
1
Bedroom-Icon-Villas-For-Rent-Palm-Jumeirah-Dubai
2
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
1
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah

1 BR | Pay 40% After Handover Over 3 Years

Price : AED 740,000
1
Bedroom-Icon-Villas-For-Rent-Palm-Jumeirah-Dubai
2
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
1
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah

The ADD BLVD |Serviced Studio | at 1.95 M

Price : AED 1,950,000
1
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE

2 BR with Maid's and Store | Furnished

Price : AED 120,000
2
Bedroom-Icon-Villas-For-Rent-Palm-Jumeirah-Dubai
3
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
1
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah

Mixed Plot Downtown Jebel Ali Payment Plan

Price : AED 12,043,134
16
Bedroom-Icon-Villas-For-Rent-Palm-Jumeirah-Dubai
12
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
yes
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah

Brand New 3 Bedroom Quortaj Villa,Excellent finishing, Big plot Size, Vacant

Price : AED 3,100,000
3
Bedroom-Icon-Villas-For-Rent-Palm-Jumeirah-Dubai
4
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
2
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah

Cheapest 1 BR |Occupy Now | Chiller Free

Price : AED 55,000
1
Bedroom-Icon-Villas-For-Rent-Palm-Jumeirah-Dubai
2
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
1
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah

Vacant 2 Bed - Marina View - High Floor

Price : AED 135,000
2
Bedroom-Icon-Villas-For-Rent-Palm-Jumeirah-Dubai
3
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
1
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah
Dubai South - Tenora Hotel Apartment for Sale Next to Expo 2020 Site and Al Maktoum International Airport