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

Spacious 1 BR Apt | Burj khalifa view

Price : AED 140,000
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

Single Row | 5BR |Golf Course|VD-1|255k

Price : AED 260,000
5
Bedroom-Icon-Villas-For-Rent-Palm-Jumeirah-Dubai
6
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
2
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah

Fitted Office for Rent in Swiss Tower

Price : AED 300,000
1
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
1
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah

1 BR in Al Dhafrah 4 Only 75k by 2 chqs

Price : AED 75,000
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

Upgraded 2 BR Duplex Amazing Views 1.85M

Price : AED 1,750,000
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

2 BHK |For Sale |Spacious Apartment |JLT

Price : AED 2,200,000
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

| Luxury | Great View |Best Investment |

Price : AED 1,250,000
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

Private Pool |2 BR with Study |for 1.9 M

Price : AED 1,900,000
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

Large 3 BR with Study |Pool View| 170 K

Price : AED 170,000
3
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

Spacious 1 BR |Awesome View | negotiable

Price : AED 115,000
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

Pool View | 2 BR with Study in Alka 3

Price : AED 1,800,000
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

Beautiful 2 floor apt in WTC , 3 bed, spacious

Price : AED 4,200,000
3
Bedroom-Icon-Villas-For-Rent-Palm-Jumeirah-Dubai
3
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
2 free parking
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah

Fully Fitted Office | Lake View | 165 K

Price : AED 165,000
2
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
Yes
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah

Best Value Two Bedroom | Vacant| Ready

Price : AED 1,599,999
2
Bedroom-Icon-Villas-For-Rent-Palm-Jumeirah-Dubai
2
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
2
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah

1BR Apt|For Rent|AlTajer Residences|110K

Price : AED 110,000
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
Dubai South - Tenora Hotel Apartment for Sale Next to Expo 2020 Site and Al Maktoum International Airport