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DUBAI, Nov 29 (Reuters) - Emaar Properties said
plans to expand its Dubai Mall with high-end fashion stores,hotels and luxury homes had been finalised and work would begin
shortly.
Emaar, which also built Burj Khalifa - the world's largest
tower, had said in February it would add one million square feet
to Dubai Mall, whose website says it is the world's largest
shopping and entertainment destination.
The part state-owned Dubai developer also said on Thursday
it will soon launch the sale of luxury homes and serviced
residences in the new development. No project value was given.
Dubai has been reviving real estate projects put on hold
after the 2008 financial crisis. The renewed building boom will
have financing constraints.
On Sunday, Dubai's ruler, Sheikh Mohammed bin Rashid
al-Maktoum, said Emaar and Dubai Holding were to
build a retail and tourism hub which will house an even bigger
shopping centre than Dubai Mall.
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