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These companies are regulated under Federal Law No. 2 of 2015 which came in to effect on 1 July 2015. Expatriate can now own 100% shares in any commercial limited liability company (LLC) located in the mainland areas. Earlier, they were only allowed to own 49% [5] GCC national can own 100% shares in any company.
Dubai Mall (originally known as The Dubai Mall, until 2023) (Arabic: دبي مول "Dubai Mall") is the largest shopping mall in Dubai.It is the second largest mall in the world by total land area after the Iran Mall, and the 26th-largest shopping mall in the world by gross leasable area, with a total retail floor area of 350,000 m 2 (3,800,000 sq ft).
Others include the Dubai Airport Freezone (DAFZA; the Dubai internet City; and the Dubai Media city. [4] In April 2021 Dubai CommerCity launched, a free zone dedicated to e-Commerce. [5] The International Free Zone Authority (IFZA) is one of the most cost-effective and fastest-growing free trade zone in Dubai.
The North Wing section of the mall opened its doors to the public on 5 November 1991, making it one of the oldest malls in Dubai. The mall used to comprise 500,000 sq ft (46,000 m 2). The South Wing opened to the public in the spring of 2007, extending the area from 500,000 sq ft (46,000 m 2) to 800,000 sq ft (74,000 m 2). By March 2013, the ...
Mall of Saudi: in Riyadh, set to be completed by 2025–2026. [27] [28] [29] City Centre malls: City Centre Ajman: Opened in 1998 in Ajman, UAE. City Centre Bahrain: Opened in 2008 in Manama . City Centre Deira: Opened in 1995 in Dubai, UAE. City Centre Fujairah: Opened in 2012 in Fujairah, UAE. Mirdif City Centre: Opened in 2010, in Dubai. [30]
The vision of the project was "to create a world-class destination for residents, visitors and businesses in the world's fastest growing city". [1] Run by the Dubai Waterfront Company, the project was open to foreign investment with its real estate developer, Nakheel Properties, owning a 51% stake. [2]
City Centre Deira (Arabic: سيتي سنتر ديرة) is a mall located in Port Saeed, Dubai, United Arab Emirates, and is the original flagship mall in the Majid Al Futtaim Properties portfolio. City Centre Deira opened on 28 November 1995. It is located in the older part of the city on the crossroad between Sharjah, Bur Dubai and the Airport ...
The company is also responsible for implementing Hala China, a joint initiative by Meraas and Dubai Holding [46] which is aligned with Dubai's Tourism Vision 2020 and aimed at enhancing economic and cultural exchange to drive investment cooperation between Dubai and China. The initiative seeks to attract Chinese visitors and investors to Dubai.