Emaar Malls, in which Emaar Properties owns the majority stake, recorded a 5% increase in revenue during the past year, generating 4.673 billion dirhams, compared to 2018 in which it achieved 4.446 billion dirhams, while the total net profit for 2019 reached 2.286 billion dirhams, which is close to the net profit recorded in 2018 of 2.230 billion dirhams. The Dubai Mall recorded exceptional performance, receiving 84 million visitors in 2019.
The company stated in a statement that the leading online platform specialized in the online fashion trade sector "Namshi" which was fully acquired by "Emaar Malls" in 2019 achieved sales of 1.028 billion dirhams, a growth of 21% compared to 2018, while sales recorded It reached 339 million dirhams during the fourth quarter of last year, an increase of 40% compared to the same period in 2018.
Occupancy rates in the assets of "Emaar Malls", which include the "Dubai Mall", "Dubai Marina Mall", "Gold and Diamond Park", and "Souk Al Bahar", and shopping centers within the residential complexes, maintained their strong performance during the past year which It reached 92%, as these destinations received 136 million visitors.