Mall of the Emirates Among the World's Most Lucrative Malls

Mall of the Emirates Among the World's Most Lucrative Malls PR Newswire DUBAI, UAE, October 22, 2012 DUBAI, UAE, October 22, 2012 /PRNewswire/ -- Mall of the Emirates is the number one in the Middle East for sales per square foot Mall of the Emirates, Majid Al Futtaim Properties' flagship mall in Dubai, UAE, the region's top shopping resort, has thbeen ranked the 7 most productive shopping centre in the world, earning USD 1,423 per square foot per annum, according to recent research by the International Council of Shopping Centres (ICSC), as published in Shopping Centre Today. http://photos.prnewswire.com/prnh/20121021/568149 According to ICSC, the 2.5 million square-foot Mall of The Emirates is nearly three times more profitable per square foot than the industry average, and its sales surpass those of some of the most internationally renowned shopping destinations in Los Angeles, Toronto and Orlando. Since opening its doors in 2005, Mall of the Emirates has witnessed consistent footfall growth and impressive demand from retailers. In the past seven years, Mall of Emirates' annual footfall numbers have increased by an average eight to ten per cent annually. In the first half of 2012, the Mall welcomed more than 20 million visitors, on track to surpass 2011's total of 36 million visitors.