Dubai set to build world’s largest mall

Dubai’s ruler announced plans for a development boasting the world’s biggest shopping mall and gardens larger than London’s Hyde Park, as the emirate revives property projects on hold since the global financial crisis.

Emaar Properties PJSC, the United Arab Emirates’ largest developer by market value, and Dubai Holding LLC will together build a district called “Mohammed Bin Rashid City”, named after the Persian Gulf emirate’s ruler. The project near central Dubai is to include 100 hotels, residential areas and green spaces 30% bigger than Hyde Park, according to a statement.

Dubai already has bragging rights to the biggest emporium by total area, Dubai Mall, which sprawls opposite the planet’s tallest skyscraper, Burj Khalifa. Between these two Emaar structures is a man-made lake where the world’s largest dancing fountain shoots water 50 stories high.