Find in the news:
BY COUNTRY

Exemption prompts Emaar to list mall unit on main Dubai market



Emaar Properties PJSC plans to list 25% of its retail division on the Dubai Financial Market.
This was prompted by an exemption from the rules requiring listed companies to sell a minimum of 55%. The MD of the company said the scrapping of plans to sell its shares on the Nasdaq Dubai and in London  was the right decision and the chance of success has been increased greatly, Bloomberg says.  

The developer is currently benefiting from a property market which is recovering from the 2008 crash.  The company has plans to raise about $2.45bn in a sale in June and the funds will be issued as a dividend to its shareholders.

The timing of the listing and public offering will be announced later.  Existing shareholders will get the first choice of the stock, with amounts being set aside for the general public and financial institutions.
The developer holds more than 5.8m sq ft (539000m²) of gross leasable space in Dubai. 

At the close of Dubai trading, Emaar was up 3.7% at 10 dirhams.  The shares have grown 44% this year, providing the company with a market value of 71.6bn dirhams.  It is the largest company on the DFM General Index, being responsible for 22% of the total value. 

More about shopping malls in the United Arab Emirates



YESTERDAY, USA:
Fans of the South Korean pop sensation can try their idols' favorite dishes at McDonald's starting May 26.
DAY BEFORE YESTERDAY, Canada:
Shopping malls can no longer rely solely on retail; the future belongs to mixed-use entertainment complexes.
Apr 16, 2021, Qatar:
The sports giant is moving beyond traditional shopping, blurring the lines between the physical and digital spaces.
Apr 15, 2021, USA:
The Hollywood & Highland Center mall's top floors will be converted for various events and create office space.
Apr 14, 2021, USA:
Subway is looking for a buyer after falling revenues and massive restaurant closures in 2020.
Apr 14, 2021, Qatar:
The highlight of the celebrations will be a variety of culinary delights from local and foreign chefs. True, you will only be able to find them on the pages of social networks.
Friend
and Follow
Madrid Xanadú GLA:1 184 030 SF
ADDRESS: Autovía A5, salidas 22 y 25 - 28939
Spain . Madrid
Madrid Xanadú
Westfield World Trade Center GLA:365 000 SF
ADDRESS: World Trade Center, Manhattan, NY 10007
Designer Outlet Provence GLA:269 098 SF
ADDRESS: Mas de la Peronne, Miramas, France
France . Miramas
Designer Outlet Provence
Charlotte Premium Outlets GLA:400 000 SF
ADDRESS: 5404 New Fashion Way Suite 100, Charlotte, NC 28278
USA . Charlotte
Charlotte Premium Outlets


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us