Dubai South has signed an agreement with Majid Al Futtaim to develop a mixed-use master community valued at AED 62 billion, adding a significant residential and retail node to one of the emirate’s fastest-growing urban districts.
The project will cover 22 million square feet and include residential, retail, and lifestyle offerings. A large shopping mall will anchor the development, positioned as a retail and entertainment destination for residents and visitors in the area. The agreement was signed at Dubai South’s headquarters by Nabil Alkindi, Group CEO of Dubai South, and Ahmed Galal Ismail, CEO of Majid Al Futtaim Holding.
The site’s proximity to Al Maktoum International Airport, which Dubai has said will become the world’s largest airport upon completion, is central to the project’s rationale. The development will also connect to major highways and logistics corridors serving Dubai’s southern economic zone.
“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,” Alkindi said in a statement.
“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,” Ismail added.
The deal was witnessed by Khalifa Alzaffin, Executive Chairman of Dubai Aviation City Corporation and Dubai South, and Fadel Abdulbaqi Al Ali, Chairman of Majid Al Futtaim Holding.
