Dubai South and MAF to build Dh62 bn mixed-use masterplan
Dubai South, the largest single-urban master development focusing on aviation, logistics, and real estate, has partnered with Majid Al Futtaim, a leading developer of shopping malls, communities, retail, and leisure destinations across the Middle East, Africa, and Central Asia, to develop a Dh62 billion mixed-use master community within Dubai South.
Dubai South, the largest single-urban master development focusing on aviation, logistics, and real estate, has partnered with Majid Al Futtaim, a leading developer of shopping malls, communities, retail, and leisure destinations across the Middle East, Africa, and Central Asia, to develop a Dh62 billion mixed-use master community within Dubai South.
Spanning 22 million square feet, the new master-planned development will feature a mix of residential, retail, and lifestyle offerings, designed to serve the growing population within Dubai South and the surrounding areas. The project will be anchored by a large shopping mall, set to become a key retail, entertainment, and lifestyle destination for residents and visitors alike.
Nabil Alkindi, Group CEO of Dubai South, said, “Dubai continues to demonstrate the resilience and strength of its economy through strategic developments that reinforce its position as a global destination for investment, business, and quality living. This partnership with Majid Al Futtaim marks an important milestone in the continued growth of Dubai South, in line with the Dubai Economic Agenda D33 and our wise leadership’s long-term vision to develop integrated, future-ready communities that support sustainable economic and urban expansion.”
Strategically located near Al Maktoum International Airport, which is set to become the world’s largest airport upon completion, the development will benefit from seamless connectivity to key highways and major transport corridors, within close proximity to Dubai’s major economic and logistics hubs.
Ahmed Galal Ismail, CEO of Majid Al Futtaim Holding, said, “This agreement underscores Majid Al Futtaim’s long term confidence in Dubai’s growth and our commitment to creating destinations that deliver lasting economic value. Dubai South is emerging as the next major chapter in the city’s development, and we are proud to shape our next mixed use community in such a vibrant and strategically important location. Dubai continues to set a global benchmark for resilience and ambition, and our collaboration with Dubai South is a strategic investment in the emirate’s future, helping to build its next economic hub through an integrated destination that brings together retail, entertainment, hospitality, and residential experiences within one of Dubai’s fastest growing urban hubs.”
The project is expected to contribute significantly to Dubai’s retail, tourism, residential, and commercial sectors, while supporting the emirate’s broader economic agenda and vision for sustainable development.
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