(MENAFN) Emaar Properties chairman, Mohamed Alabbar, stated that retail sales at The Dubai Mall jumped by 24 percent last year from 2011, reported Arabian Business.
Alabbar said that the number of visitors coming to the world's largest shopping destination grew by more than 20 percent to 65 million, comprising over 200 nationalities, compared with 54 million visitors a year earlier.
The chairman said that Emaar, the developer behind the mall that was launched in 2008, will expand the mall's area to incorporate luxury homes, serviced residences and a new hotel.
Dubai, which comprises 40 shopping malls, relies on retail for nearly 30 percent of its gross domestic product (GDP) according to estimates.
In the January-June period of 2012, tourist arrivals to the emirate rose by 10 percent, whereas hotel revenue jumped by 19 percent.
It is worth noting that visitors of The Dubai Mall exceeded annual tourists to New York City, which stood at 52 million and those to Los Angeles that reached 41 million.