The project will span 22 million square feet and include residential, retail and lifestyle offerings designed to serve Dubai South’s growing population and surrounding districts.
Dubai South and Majid Al Futtaim have signed an agreement to develop a AED62bn mixed-use master community within Dubai South. The development will be anchored by a large shopping mall, which is expected to become a major retail, entertainment and lifestyle destination for residents and visitors.
The agreement was signed at Dubai South headquarters by Nabil Alkindi, Group CEO of Dubai South and Ahmed Galal Ismail, CEO of Majid Al Futtaim Holding. The signing took place in the presence of Khalifa Alzaffin, Executive Chairman of Dubai Aviation City Corporation and Dubai South and Fadel Abdulbaqi Al Ali, Chairman of Majid Al Futtaim Holding.
The master development will be located near Al Maktoum International Airport, which is set to become the world’s largest airport upon completion. The project will also have access to key highways and major transport corridors and will be close to Dubai’s economic and logistics hubs.
Nabil Alkindi 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.”
