Dubai South and Majid Al Futtaim Sign AED 62 Billion Deal to Build 22 Million Sq Ft Community

Dubai South, the largest single-urban master development focused on aviation, logistics, and real estate, has signed a landmark agreement 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 an AED 62 billion mixed-use master community within Dubai South.

The agreement was signed at Dubai South's headquarters in the presence of HE Khalifa Alzaffin, Executive Chairman of Dubai Aviation City Corporation and Dubai South, and Fadel Abdulbaqi Al Ali, Chairman of Majid Al Futtaim Holding. Signing on behalf of the two entities were Nabil Alkindi, Group CEO of Dubai South, and Ahmed Galal Ismail, CEO of Majid Al Futtaim Holding.

Spanning 22 million square feet, the new master-planned development will feature a diverse mix of residential, retail, and lifestyle offerings designed to serve the rapidly growing population within Dubai South and surrounding areas. The community will be anchored by a large-scale shopping mall, positioned to become a key retail, entertainment, and lifestyle destination for both residents and visitors.

Strategically located near Al Maktoum International Airport, set to become the world's largest airport upon completion, the development will benefit from seamless connectivity to key highways and major transport corridors, with close proximity to Dubai's principal economic and logistics hubs.

Commenting on the partnership, 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."

Ahmed Galal Ismail, CEO of Majid Al Futtaim Holding, added: "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 master development represents a significant milestone in the continued growth of Dubai South and reinforces the area's position as one of Dubai's most strategically located urban destinations, driven by world-class infrastructure, connectivity, and long-term development planning.

The project is expected to contribute meaningfully to Dubai's retail, tourism, residential, and commercial sectors, while supporting the emirate's broader economic agenda and vision for sustainable development.

Source: Dubai South / Majid Al Futtaim official communications