Dubai South, Majid Al Futtaim unveil AED 62 billion mixed‑use community in 22 million sq ft development
Dubai South and Majid Al Futtaim sign AED 62 billion agreement to develop a 22 million sq ft mixed‑use community, aligning with Dubai’s D33 economic agenda and growth plans.
Dubai South has signed a landmark AED 62 billion agreement with Majid Al Futtaim to develop a 22 million square‑foot mixed‑use community, city officials announced on Wednesday. The project will include residential and commercial units, modern lifestyle amenities and a major shopping centre, positioning Dubai South as a growing hub for integrated urban living. Senior leaders from both organisations attended the signing, underscoring the strategic importance of the partnership for Dubai’s broader development agenda.
Agreement signed by senior executives
The memorandum was signed by Nabil Al Kindi, Chief Executive Officer of Dubai South, and Ahmed Galal Ismail, Chief Executive Officer of Majid Al Futtaim Holding. Senior figures present at the ceremony included Khalifa Al Zaffin, Chief Executive Officer of Dubai Aviation City Corporation and Dubai South, and Fadel Abdulbaqi Al Ali, Chairman of Majid Al Futtaim Holding.
Officials described the ceremony as the formal start of a multi‑year collaboration that will move from planning into detailed design and construction. Both parties committed to coordination with Dubai authorities to align approvals, infrastructure delivery and master planning timelines.
Scope of the AED 62 billion development
The development covers 22 million square feet and is planned as a mixed‑use community combining housing, retail, and commercial offerings. Developers said the masterplan will feature contemporary residential units, a major shopping centre and lifestyle facilities designed to serve residents and visitors.
While precise unit counts and phasing details were not released at the signing, the scale and investment value place the project among the largest private‑sector real estate commitments announced in Dubai in recent years.
Strategic fit within Dubai South masterplan
Dubai South, described by officials as a major urban development focused on aviation, logistics and real estate, will host the new community within its master plan. The partnership leverages Dubai South’s long‑term vision to create integrated neighbourhoods that support economic clusters and transport connectivity.
Planners indicated the development is intended to complement existing Dubai South assets and to attract families, businesses and retail operators seeking proximity to the emirate’s logistical and aviation infrastructure.
Officials highlight alignment with D33 economic agenda
Nabil Al Kindi said the collaboration marks a significant milestone in Dubai South’s ongoing growth and aligns with the objectives of the Dubai Economic Agenda (D33). He noted the project supports the emirate’s push for future‑ready communities and diversified economic growth.
Ahmed Galal Ismail, representing Majid Al Futtaim, described Dubai South as a rapidly developing strategic location and expressed pride in building a multi‑use community there. He framed the venture as consistent with his company’s track record of large‑scale retail and mixed‑use developments in the region.
Economic and real estate implications
Market observers expect the project to stimulate demand across construction, retail and service sectors as planning progresses into delivery phases. The scale of investment suggests significant procurement and employment opportunities during construction and for ongoing operations once completed.
Analysts said the new community could increase housing supply in the Dubai South corridor and broaden the retail catchment for the region, particularly if the planned shopping centre attracts international and regional brands.
Next steps and expected timeline
Both organisations said the immediate next steps include finalising masterplans, securing permits and initiating infrastructure works in coordination with relevant Dubai authorities. Detailed phasing, delivery milestones and sales programmes will be announced as project approvals advance.
Developers are expected to release further technical and commercial details over coming months, including construction schedules and potential retail and hospitality components linked to the major shopping centre.
This agreement between Dubai South and Majid Al Futtaim represents a major private‑sector investment in the emirate’s urban expansion and underscores the continued momentum behind large mixed‑use projects that both support Dubai’s long‑term growth strategy and respond to demand for integrated, amenity‑rich communities.
