Dubai South and Majid Al Futtaim Plan Dh62 Billion Development

May 19, 2026

65 min

May 19, 2026 08:31

Dubai South, Majid Al Futtaim to build Dh62 billion mixed-use community

## Major Development Agreement

Dubai South has partnered with Majid Al Futtaim to create a massive mixed-use community valued at Dh62 billion. This ambitious project will be located near Al Maktoum International Airport, aiming to become a key urban development in the region.

## Project Details

The development will cover 22 million square feet and include residential, retail, and lifestyle components. A significant feature will be a large shopping mall designed to serve as a hub for retail, entertainment, and lifestyle activities. The location will offer excellent connectivity to major highways and transport corridors, enhancing access to key economic areas in Dubai.

## Strategic Growth

This collaboration aligns with Dubai's long-term economic strategies, including the Dubai Economic Agenda D33. It reflects the city's commitment to sustainable urban expansion and economic diversification. The project is expected to bolster various sectors such as retail, tourism, and real estate, contributing to Dubai's broader economic goals.

## Key Players

The agreement was signed by prominent figures including Khalifa Alzaffin, Executive Chairman of Dubai Aviation City Corporation and Dubai South, and Fadel Abdulbaqi Al Ali, Chairman of Majid Al Futtaim Holding. Nabil Alkindi, Group CEO of Dubai South, and Ahmed Galal Ismail, CEO of Majid Al Futtaim Holding, formalized the deal, highlighting the strategic importance of this development for Dubai's future.

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