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

3 Bedroom Type THL at Brookfield 195 K 12chqs

Price : AED 195,000
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

Beautiful 2 Bedroom for Rent in Shoreline High floor Palm Jumeirah

Price : AED 160,000
2
Bedroom-Icon-Villas-For-Rent-Palm-Jumeirah-Dubai
4
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
1
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah

3 Bedroom Type 3M for Sale at Mira Reem

Price : AED 1,750,000
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

2 Bedroom in Oceana, low floor,Palm Jumeirah

Price : AED 190,000
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

Fully Furnished Studio at Lincoln Park Arjan

Price : AED 45,000
1
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
1
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah

Marina Sea Views | Vacant | Large 2BR+Storage+Terrace Apt

Price : AED 2,299,999
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

3 Bedroom Type THK at Whitefield Akoya

Price : AED 180,000
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

3 Bedroom Townhouse Type TH-M1 in Akoya

Price : AED 2,800,000
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

4 Bedroom Type 2E at Mira Phase 4 or Rent

Price : AED 145,000
4
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

3 Bedroom Type THK at Whitefield Akoya

Price : AED 160,000
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

3 Bedroom with Maid Type A at Quortaj AlFurjan

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

3 Bedroom Type 1 at Lila Arabian Ranches -2

Price : AED 3,250,000
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

Large Compound with Warehouses open Land and Office for Rent

Price : AED 86,100
1
Bathroom-Icon-Apartment-For-Sale-Dubai-Marina-Binayah-Dubai-UAE
2
Car-Parking-Icon-Real-Estate-Companies-Dubai-UAE-Binayah

5 Bedroom Panoramic Sea View Palma Residences

Price : AED 400,000
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

Full Marina Partial Sea View|Large 2BR+Terrace|Free Chiller

Price : AED 170,000
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
Dubai South - Tenora Hotel Apartment for Sale Next to Expo 2020 Site and Al Maktoum International Airport