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$400M expansion in the works for Dubai Mall

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A more than $400 million expansion is planned at the Dubai Mall, located in United Arab Emirates.

Emaar Properties, the mall's developer, intends to add 240 new luxury stores and food and drink venues.

Dubai Mall already has 1,200 stores and 200 food and beverage vendors, as well as amenities that include an aquarium, skating rink and virtual reality park.

Read more from CNBC.

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