Latesh Radhakishen

Emaar Properties, a Fortune 500 Arabia company, has begun work on a USD 408 million expansion of Dubai Mall. The Dubai Mall expansion plan includes adding 240 luxury stores and a number of restaurants and cafes, according to a statement issued by the company, which is listed on the Dubai Financial Market, on its official website. The net profit of Emaar Properties decreased by 9% during the first quarter of 2024, to reach AED 2.921 billion (USD 795.27 million), compared to a net profit of AED 3.2 billion dirhams (USD 872.86 million) during the same period in 2023. https://lnkd.in/gDSSsfzB #Fortune500Arabia

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Social Distrikt is not just an experiential food hall; it is a real estate solution that directly impacts the asset value of the space it occupies, as well as the neighboring retail lease values and the lifestyle of the residential communities nearby. At the core of our vision is a dream to provide consumers with a wide range of rich experiences, all under one roof. We aim to create a harmonious, mutually beneficial ecosystem for all stakeholders involved. "Our leap to our relocation to Fountain Views, Downtown Dubai, is a bold step toward disrupting traditional boundaries in the heart of Dubai. We are not just crafting spaces; we are cultivating vibrant ecosystems where diversity Thrives” https://lnkd.in/df5acNpx

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#Dubai Mall Expansion is a Strategic Move for Regional Prosperity! Emaar Properties has unveiled a Dh1.5 billion expansion plan for Dubai Mall, aiming to enhance its status as the world’s most visited shopping destination. This ambitious project will introduce 240 new luxury stores and food & beverage outlets, reflecting Dubai’s commitment to #innovation and cultural #leadership. I appreciate such developments and initiatives that present Dubai as an amazing example of progress and prosperity. The expansion of Dubai Mall is not just about scaling physical space; it’s about amplifying Dubai’s influence and appeal on a global stage, which will surely give long-term benefits for the nation and the wider region. The foresight to integrate #sustainability with luxury retail will also set a new benchmark for future developments, promising a vibrant economic and cultural future. #FredericSelhami #DubaiMall #DubaiMallExpansion #EmaarProperties #EmaarInnovation #LuxuryRetailFuture #SustainableDevelopment #RegionalEconomicGrowth

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Three things Tuesday: 1) Emaar is investing 1.5bn AED in 240 new luxury shops and restaurants in The Dubai Mall – expanding the current offering by around 20%. Do we need more shops? Yes, says Andy Love, commercial head at Knight Frank MENA – his team is struggling to satisfy demand for retail space because vacancy is ‘near zero’. Even car dealers are starting to move a street or two back off SZR into Al Quoz because of lack of showroom space. 1.5) Fun fact: Dubai retail rents were up around 11% yoy in Q1, says Taimur Khan of CBRE. 2) The Cove Rotana has been sold to a UAE investor, for an undisclosed sum. How often do hotels change hands? More than they used to, says Andy Love (again), who has sold a few himself. Before 2022, it was maybe one or two a year – now one is selling every month or two. Why? Asset owners had a few tough years before and into covid, but can now exit with higher values. 3) And UAE authorities have blocked more than a thousand websites in a crackdown on illegal streaming services – so basically your dodgy box/stick. It’s part of a global trend, says James Dunne of Hadef & Partners (below, looking lawyerly). So who gets in trouble? At the moment, the dodgy service provider, says James – if they can be tracked down, some are global – but end users should be wary about using hacked devices/software on a laptop full of personal data and passwords, if not about penalties.

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As market dynamics shift, UAE shopping centers must evolve to meet new challenges. Bhupinder Singh of Dalma Mall provides expert insights into the best practices for ensuring the longevity and success of retail spaces. Witness how their forward-thinking strategies are setting new standards for retail excellence. 🇦🇪 #RetailInnovation #FutureProofing #UAERetail #MarketShifts #ShoppingCenters #RetailExcellence #DalmaMall #IndustryInsights #RetailStrategies #BusinessGrowth

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We are excited to share that our Luxury Fashion Survey is now live! Given the high spending power of Kuwait’s affluent population, and its luxury goods market anticipated to touch ~USD412m in 2028, it is apparent there exists an untapped potential in the sector — an Oasis in Opulence. A joint initiative between KPMG in Kuwait and emlyon business school, the survey aims to collect industry insights from professionals in Kuwait’s luxury fashion space to better depict its current state and future outlook. Our final goal is to use the findings from the survey to present a nuanced analysis of the sector that can support luxury fashion businesses in making decisions that will help them go from where they are to where they want to be. If you are a professional working in Kuwait’s luxury fashion sector or know someone who is, we would love to capture your inputs in our survey. DM us ‘LUXURY’ and we will share the survey link with you. Ankul Aggarwal Amer Khosla Shashi Shankar Ghosh Amlan Suryabanshi Melody Soudier Manal Guermah Indraneel Bhattacharjee Weicheng Li Yingjie Lu #KPMG #LuxuryGoods #LuxuryFashion #Kuwait #ThoughtLeadership

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British Investors Drive Dubai's Luxury Real Estate Boom British investors are playing a pivotal role in the current surge of Dubai’s luxury real estate market. Attracted by investment and retirement opportunities, their interest is propelling the market forward. Once diverse in international buyers, the market is now seeing a significant influx of British purchasers, who find Dubai's diverse and lucrative property options especially appealing compared to other global cities. In response to growing demand, developers are launching new luxury and ultra-luxury residential projects, from sophisticated apartments to opulent penthouses. Dubai's status as a global hub for luxury real estate continues to strengthen, supported by its innovation and rapid market growth. Set up your Real Estate Holding Company

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Emaar Unveils AED 1.5 Billion Expansion Plan for The Dubai Mall Dubai Mall, the world's second-largest mall unveiled plans for a monumental USD 408.4 million (AED 1.5 billion) expansion, signaling its unwavering commitment to luxury, entertainment, and cultural enrichment in the vibrant city. This landmark development reaffirms Dubai Mall's position as a global shopping and leisure destination, poised to elevate the visitor experience to new heights. Key Highlights : 🛍️ 240 new luxury stores and food and beverage outlets, curated to enhance the shopping and dining experience for visitors. 🏙️ Aligns with Dubai's vision to remain a hub of innovation and culture, solidifying its position as a premier global destination for tourists and residents alike. 📈 With a record-breaking 105 million visitors in 2023, Dubai Mall continues to attract guests from around the world, experiencing a significant 19 percent increase in footfall from the previous year. 💼 Emaar's extensive project development expertise, showcased through Downtown Dubai and other international ventures, underscores its commitment to shaping cities of the future and fostering economic growth. #DubaiMallExpansion #LuxuryRetail #Emaar #ShoppingDestination #DubaiTourism #ShoppingExperience #EmaarMalls #UAE #Dubai #HassiProperties

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Spinneys has been listed on the stock market! This milestone marks the beginning of an exciting journey towards a brighter future. Looking forward to continued growth, innovation, and delivering value to our investors and customers alike. #Spinneys #StockMarketListing #BrightFuture"

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🌟UAE’s Gold Jewellery Demand: 5th Largest Globally🌟 Despite a dip in consumption, the UAE has retained its position as the world's fifth-largest market for gold jewellery, with a demand of 39.7 tonnes in 2023. This is a testament to the nation's enduring love for gold and its cultural significance. Key Highlights: - 2023 Demand: 39.7 tonnes - Global Ranking: 5th, tied with Russia - Per Capita Demand: 2nd highest globally at 5.07 grams - Global Context: China leads with 630 tonnes The slight decline from 46.9 tonnes in 2022 is attributed to a high base post-Covid tourism boom. Yet, the UAE remains a pivotal player in the global gold market. As gold prices surge past $2,400 an ounce, the UAE’s strategic position in the gold jewellery sector continues to shine. #GoldDemand #UAE #JewelleryMarket #Gold #GlobalEconomy #PreciousMetals

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"Starting Monday by sharing one of our interesting successful stories for one of the luxurious brands. From day one, the sub brand of one of the big gold brands aspired to be at the forefront. Their goal was not just to shine but also demonstrate to UAE how vast the skies can truly be - a vision we shared and embraced wholeheartedly. By working hand in hand every day, conducting innovative meetings, developing effective strategies and producing quality print ads as well as in-store merchandising setups while also designing precise digital and social media communication including a compelling YouTube video commercial along with animated posts on various platforms. Thanks to these efforts, this company has earned the title of most successful launch for 2021. Want to know more successful stories? Follow us for more. To be continued... #DigitalTransformation #BrandDevelopment #MarketingStrategy #SuccessStories #Innovation #BusinessGrowth"

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We’re excited to officially announce Ghaf Woods Majid Al Futtaim Investing in Ghaf Woods by Majid Al Futtaim in Dubai can be an attractive opportunity for several reasons: 1. **Reputation of Developer**: Majid Al Futtaim is a highly reputable developer known for delivering high-quality projects across the region. Their strong track record can instill confidence in potential investors regarding the quality and completion of the project. 2. **Prime Location**: Dubai is a global city and a significant business hub. Properties in Dubai often benefit from strategic locations, potentially leading to high demand and value appreciation over time. 3. **Quality of Life**: Projects by Majid Al Futtaim often focus on providing superior living conditions, including amenities like parks, shopping centers, and community services, which enhance the quality of life for residents and make the properties more attractive to buyers and renters. 4. **Sustainability Initiatives**: The Ghaf Woods project may incorporate sustainable development practices, aligning with Dubai’s vision for a sustainable future. Such initiatives can attract environmentally conscious investors and residents. 5. **Economic Growth**: Dubai's economy is growing, supported by sectors like tourism, real estate, and finance. Investing in real estate in a growing economy can provide good returns over time. 6. **Rental Yields**: Dubai's real estate market is known for offering attractive rental yields compared to other global cities. Investing in a well-located property can generate substantial rental income. 7. **Regulatory Environment**: Dubai has made significant strides in creating a favorable environment for real estate investors, including transparent regulations and protection for property buyers and investors. 8. **Infrastructure and Connectivity**: Dubai’s well-developed infrastructure and connectivity, including transport links and proximity to key business districts, enhance the appeal of real estate investments. Considering these factors, investing in Ghaf Woods by Majid Al Futtaim in Dubai could offer potential financial rewards, lifestyle benefits, and long-term growth opportunities. However, as with any investment, it is crucial to conduct thorough research and consider market conditions before making a decision. For more Details Contact Tushar Gupta +971585340047 #MajidalFuttaim #realestate #realestateagent #property #realtor #realestateinvesting #realestatebroker #luxuryrealestate #firsttimehomebuyer #investmentproperty #commercialrealestate #realestatedevelopment #homebuyers #openhouse#NYCRealEstate #LondonProperty #LAHomes #TorontoRealEstate

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