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Arab Network
Emaar Malls achieved a 3% growth in net income for the first six months of 2019 to reach AED 1.11 billion, or $ 308 million, compared with a net profit of AED 1.102 billion for the same period in 2018, Million of dollars.
In the first half of 2019, the company generated revenues of AED 2.27 billion, an increase of 60% over the first half of 2018, which amounted to AED 2.103 billion (573 million USD).
Emaar Malls distributed to the shareholders a cash dividend of A $ 1.301 billion for a total amount of $ 354 million, or 10% of the share capital of the company, for the fourth year in a row and in the second quarter.
Emaar shopping centers, which include Dubai Mall, Dubai Marina Mall, Gold and Diamond Complex, Souk Al Bahar and shopping malls in residential complexes, attracted a total of 68 million visitors in the first half of 2019 , with a growth of 2%, against 67 million at the same time last year.
The Dubai Mall, the largest shopping and entertainment destination in the world, attracted 41 million visitors in the first half of 2019, up 2% from the same period last year. First half of 2019.
Emaar Malls also acquired Nimshi, the leading e-commerce company in the region. This follows Emaar's acquisition of the remainder of Global Fashion Group's interest in Nimchi through a cash transaction of AED 496.9 million ($ 135 million).
In the first half of 2019, the business turnover of 422 million ADE rose to 115 million, an increase of 10% over e-commerce, which had reached 384 million AED (105 million USD) compared to the first half of 2018.
"Emaar Malls has always focused on enriching the customer experience, which has allowed the company to continue its steady growth both in shopping centers and online" We have acquired full ownership of the company and continue to follow Omni Channel 's global purchasing strategy to ensure an exceptional shopping experience for all our customers. The positive performance of the company reflects the preferred position of our badets as a popular shopping and entertainment destination.B, which has established itself as a world leader in tourism and business center ".
Emaar centers will continue to strengthen their retail infrastructure with the extension of Fountain View and Zabeel, which will link the Dubai Mall to Sheikh Mohammed Bin Rashid Boulevard and the Financial Center Road respectively. Both projects are expected to open this year to accommodate 4,500 parking spaces. "Dubai Mall" which provides larger facilities for visitors.
Emaar Malls will open its new destination, the Dubai Hills Mall, in 2020, with approximately 2 million square feet of commercial space for rent and approximately 550 stores and leisure facilities.
The Dubai Hills Mall will include four major family entertainment centers, a cinema complex, a hypermarket, seven large supermarkets and more than 7,000 parking spaces.
Emaar Malls redevelops the village of Al Sahool to add about 95,000 square feet of leasable space, which is expected to be completed by 2020.
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