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FINANCIAL NEWS
Dubai Holding to launch Mall of the World
09 Jul 2014
(MENAFN) Dubai’s vision of improving mall and real estate sector is expected to be met after the unveiling of Dubai Holding’s Mall of the World, according to Arab News.
The Mall of the World will include the largest indoor theme park in the world and a theatre district to rival London€™s West End and New York’s Broadway.
“Shopping is already synonymous with Dubai and has proved to be one of the city’s key lynchpins in its meteoric rise as the Middle East’s business capital. Dubai has a very significant portfolio of existing shopping malls and the string of new mall developments looks set to push Dubai further ahead of the region€™s other emerging economies,” said Faisal Durrani, International Research and Business Development Manager at international real estate consultancy Cluttons.
The mall is expected to open the doors to more investments in the emirate€™s real estate market, as a number of developers are planning to launch malls extending over 7 million square feet area of land in the coming two years.
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