Dubai South & Majid Al Futtaim Launch Dh62B Mega-Community
Khaleej Times
Dubai South and Majid Al Futtaim have partnered to develop a Dh62 billion, 22 million sq ft mixed-use master community anchored by a major shopping mall near Al Maktoum International Airport.
A New Era for Dubai South
In a landmark partnership that is set to reshape the emirate’s real estate landscape, Dubai South and Majid Al Futtaim (MAF) have announced a mega-joint venture: a new Dh62-billion mixed-use master community.
Spanning a massive 22 million square feet, this newly corporate-backed development will be located near Al Maktoum International Airport. The community is designed to be an all-encompassing urban destination, featuring a diverse mix of residential, retail, and lifestyle options. Notably, the entire development will be anchored by a large, state-of-the-art shopping mall.
Riding the Wave of Airport Expansion
The timing of this project is no coincidence. Developers are increasingly training their sights on the Dubai South master-planned city, which stretches across 145 square kilometres. At its center is Al Maktoum International Airport, slated to become the world’s largest airport upon completion.
This strategic collaboration between government-backed Dubai South and private-sector giant Majid Al Futtaim—which boasts $20 billion in assets and a stellar BBB credit rating—underscores the intense growth trajectory planned for this part of the city. MAF is the powerhouse behind 29 major shopping centers in the region, including Mall of the Emirates, Mall of Egypt, and Mall of Oman.
Executive Insights on Dubai’s Future
Nabil Al Kindi, Group CEO of Dubai South, emphasized that this partnership highlights the strength and resilience of the local economy. According to Al Kindi, strategic projects like this reinforce Dubai’s global standing as a hub for premier living, business, and international investment.
Sharing this long-term optimism, Ahmed Galal Ismail, CEO of Majid Al Futtaim Holding, called Dubai South "the next major chapter in the city’s development." He noted that the master community is a strategic investment in the emirate's future, designed to create an integrated destination bringing retail, entertainment, hospitality, and residential experiences together into a fast-growing urban hub.
What This Means for Dubai Real Estate Agents
For property professionals in Dubai, this Dh62 billion announcement is a significant indicator of where future market demand is heading.
- The Shift to the South: The center of gravity for new master-planned communities is clearly moving toward Al Maktoum International Airport. Agents should prepare to focus a larger share of their portfolio on the Dubai South area.
- Off-Plan Potential: A 22 million-square-foot community of this scale means a steady pipeline of premium off-plan inventory, ranging from residential units to retail spaces, backed by a highly trusted developer brand in MAF.
- Long-Term Investment Pitch: Investors looking for capital appreciation should target this corridor early. Combining Majid Al Futtaim’s lifestyle-anchored master-planning expertise with the world's largest upcoming airport hub makes this an incredibly compelling pitch for high-yield, long-term investments.
Based on reporting from Khaleej Times. Summary and analysis by Propilot AI.
Loading...