Emaar Malls pays Dh475.5m for remaining 49% of Namshi

Dubai: Reinforcing its online presence, Emaar Malls has paid Dh475.5 million to raise its ownership in Namshi, the fashion portal, from 51 per cent to 100 per cent. The payment was made to Global Fashion Group, which had initially sold the 51 per cent stake in 2017. Emaar Malls holds assets such as The Dubai... Continue Reading →

UAE’s mall developer Majid Al Futtaim gears up to revamp City Centre Deira for Dh377 million

Dubai: Majid Al Futtaim has said it will invest Dh377 million in renovating over 30 per cent of City Centre Deira, which opened over 20 years ago, in an effort to modernise the mall and attract new tenant and customers. The Dubai-based retail and real estate giant will redesign parts of the mall to optimise... Continue Reading →

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