LMRC Market Watch
Malls
Yas Mall announces series of unique events to conclude 2015
- Visitors to enjoy FW15 displays from international brands launch FW15 from October 14th-18th
Abu Dhabi, UAE - Visitors to Yas Mall have much more than shopping to look forward to this year, as the leading shopping,
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Source : Zawya
Mall of Qatar Signs Mega Deal With Alshaya
Alshaya to bring over 30 global lifestyle and hospitality brands to Mall of Qatar to occupy around 18,000 sq. m
DOHA, Qatar, October 4, 2015 /PRNewswire/ Qatar's largest leisure, entertainment and shopping complex, Mall of Qatar has signed a leasing agreement with M.H.
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Source : Zawya
Getting region’s malls to ride high on a cloud
The ‘Internet of Everything’ will make it easier to offer a hybrid retail experience
In the region, we all love our shopping. It used to be a choice of souqs, cold stores and bagalas but the mall has taken over.
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Source : Gulf News
Dubai gets a furniture-only mall
Malls are expanding and changing offerings as newer malls open
Dubai: Malls here that were once bustling with shoppers are trying to maintain their lustre as new malls open in the city.
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Source : Gulf News
Majid Al Futtaim reveals new retail extension at Mall of the Emirates on September 28
Discover a whole new level at the mall as redevelopment project 'Evolution 2015' is revealed
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Dubai gets a furniture-only mall
Lals Group opens two-storey facility on Oud Metha
Dubai: Dubai now has a ‘mall’ exclusively given over to furniture. The Lals Group has opened an 11,612 square-metre, two-storey facility,Zabeel Furniture Mall, in Oud Metha
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Source : Gulf News
Nakheel H1 profits rise 53%
Developer made Dh2.83b compared to Dh1.85b in the same period last year
Dubai: Nakheel reported on Monday a 53 per cent increase in net profit for the first six months of the year, largely due to a strong performance in its development business.
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Emaar Malls’ Q2 net rises over 40 per cent
Revenue in the quarter to June jumped 11 per cent to be at Dh727 million
Dubai: Emaar Malls Group, owned by Emaar Properties, registered a second quarter net profit of Dh412 million, a 43 per cent jump.
Revenue in the quarter to June jumped 11 per cent to be at Dh727 million, compared to Dh653 million in the same period last year,,,,
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City Centre Mirdif attains LEED Gold Existing Buildings Operation and Maintenance certification
• Majid Al Futtaim sets global benchmark achieving GOLD Certification in Leadership in Energy & Environmental Design for Existing Buildings: Operations & Maintenance
• World's largest mall to achieve prestigious sustainability rating
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Reem mall concept plans given green light by Abu Dhabi urban planning council
The development of Reem Mall, Abu Dhabi's up and coming entertainment, dining and shopping destination, has taken a significant step forward after Abu Dhabi Urban Planning Council ( UPC ) granted approval for the project's concept plans.
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Emaar Malls records 37% growth in half-year 2015
Emaar Malls recorded a 37% growth in net profit during the first six months of 2015 (January-to-June) to $230 million, compared to the same period in 2014. Revenue for half-year 2015 was $398 million, 16% higher compared to the same period last year.
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Mall of the Emirates store confirmed as world's biggest
GO Sport megastore at Mall of the Emirates confirmed as largest GO Sport store in the world
Store to have dedicated cycling, running, and climbing zones to create the ultimate experience
10 metre volcano-shaped in-store climbing unit expected to be a 'big hit' once the store opens
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Source: Gulf News
New retail extension at Mall of the Emirates opens
Dubai: Dubai’s Mall of the Emirates unveiled its new retail extension on Monday, aimed at meeting consumer demand for new brands to the market, according to a top company executive at its operator Majid Al Futtaim.
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Source: Zawya
Mall of the Emirates new retail extension opens September 28
It will include 40 new retail, dining and entertainment outlets
Dubai: Majid Al Futtaim said on Thursday it has completed the redevelopment of Mall of the Emirates.
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Source: Gulf News
Al Ain’s Bawadi Mall saw 2.9m visitors during summer
Visitor numbers were up 5% in the June-August 2015 period
Dubai: Bawadi Mall in Al Ain welcomed over 2.9 million visitors between June and August 2015, according to a statement from the shopping mall on Tuesday.
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Source: Gulf News
New shopping complex comes up in Saada
SALALAH: With the soft launch of Salalah Gallery, the city got yet another state-of-the-art shopping complex in Saada, which is fast emerging as new business district of Salalah.
The official opening of the mall, which is spread over 21000 square metres,,,,,
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Nakheel inks retail deal with Al Tayer Group
Dubai developer Nakheel inked a deal with Al Tayer Group to bring more top retail brands to Al Khail Avenue mall at Jumeirah Village.
Under the agreement, some of Al Tayer Group’s lifestyle and hospitality brands, including Gap, Mamas & Papas, Armani Exchange, Banana Republic, Areej, Caffe Nero, and Ocean Basket,
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Source: construction week online
Mall of Oman set to create 5,000 jobs
Muscat: Around 5,000 job opportunities will be created once the "Mall of Oman" is complete, said a top official of Majid Al Futtaim Properties.
The Sultanate's largest and most comprehensive shopping destination is right now at the design stage.
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Emaar Malls rings up 43% rise in second-quarter earnings as visitor numbers increase
Emaar Malls, operator of The Dubai Mall, posted a 43 per cent surge in second-quarter net profit, thanks to an increase in visitor numbers to its shopping centres.
Net earnings rose to Dh412 million from Dh288m in the same period last year,,,,
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Day in the life: Dubai malls boss looks after the shop
Tim Jones is the chief operations officer of the Dubai shopping malls Arabian Center in Al Mizhar and Lamcy Plaza in Bur Dubai. The malls are run by Lals Group, who Mr Jones has worked for since 2002. Before moving to the UAE, the 54-year-old, from the UK,,,,
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Abu Dhabi approves Reem Mall building
THE development of Reem Mall, Abu Dhabi's up and coming entertainment, dining and shopping destination, has taken a significant step forward after Abu Dhabi Urban Planning Council ( UPC ) granted approval for the project's concept plans.
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Dubai’s Emaar Malls Q2 profit rises 43%
Emaar Malls made a net profit of Dhs 412m in the second quarter of 2015
Dubai’s Emaar Malls, a unit of Emaar Properties, reported a 43 per cent jump in second-quarter net profit on Wednesday.
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Kuwait mall developer serves up a new expansion mix
Tamdeen Group attempts to blend sport and retail at the 360 Mall expansion
Dubai: Kuwait’s Tamdeen Group is serving up retail with a brand new component — a sporting arena.
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Source: Gulf News
Dubai nears cinema saturation point
Vox executive sees pockets of opportunity in emirates like Sharjah and Abu Dhabi
Dubai: The UAE, particularly Dubai, is nearly saturated with cinemas, but there are opportunities for more screens in emirates like Sharjah and Abu Dhabi, according to Cameron Mitchell, chief executive of Vox Cinemas.
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Source: Gulf News
Lego certified stores coming to Dubai
Stores will open in Mall of the Emirates, City Centre Mirdif and The Dubai Mall
Dubai: Majid Al Futtaim (MAF), a Dubai-based retail and hospitality conglomerate, plans to bring Lego certified stores to Dubai for the first time.
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Source: Gulf News
Mall of the Emirates completes Dh1 billion extension
Extension will feature 40 new retail, dining and entertainment outlets
Dubai: The 36,000-square-metre extension of Mall of the Emirates has just been completed, Majid Al Futtaim announced on Thursday.
The additional shopping space, which will be unveiled on September 28, 2015,,,,,.
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Nakheel profits soar to Dh2.83b in H1
Property handovers and budding retail, leasing and leisure business contributed to the profit growth
The company said property handovers and its budding retails, leasing and leisure business contributed to the profits that are 53 per cent more than the Dh1.85 billion it reported a year ago.
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MAF revenue up 7 per cent in first half 2015
Ebitda stable at Dh1.8 billion
Dubai: Majid Al Futtaim (MAF), a Dubai-based retail and hospitality conglomerate, posted a 7 per cent increase in revenue for the first half of 2015 compared with the same period a year ago, according to a statement on Wednesday.
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Gulf News
Nakheel profits soar to Dh2.83b in H1
Property handovers and budding retail, leasing and leisure business contributed to the profit growth
The company said property handovers and its budding retails, leasing and leisure business contributed to the profits that are 53 per cent more than the Dh1.85 billion it reported a year ago.
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Dubai's Emaar Malls Q2 profit rises 43 pct
DUBAI, July 22 (Reuters) - Dubai's Emaar Malls , a unit of Emaar Properties , reported a 43 percent jump in second-quarter net profit on Wednesday.
Emaar Malls made a net profit of 412 million dirhams ($112.2 million) in the three months to June 30,
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Tight security at malls and shopping centers
DAMMAM: Malls and shopping centers around the country have tightened security to deal with a major influx of shoppers preparing for Eid Al-Fitr celebrations.
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Mall of Qatar is to feature new laser projectors
Mall of Qatar, described as the region's largest leisure, entertainment and shopping complex which will opens its doors in Doha in early 2016, will premiere the Middle East's first laser-illuminated projectors in its 19-screen CinemaCity complex.
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Majid Al Futtaim sets global benchmark with world's largest shopping mall to achieve prestigious sustainability rating
UAE. Majid Al Futtaim, the leading retail and leisure pioneer in the Middle East, has set a new global benchmark in sustainable retail development and property management with the world’s largest shopping mall to achieve a prestigious sustainability rating.
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