Dubai South and Majid Al Futtaim Launch $16.88bn Master Community

Dubai, UAE - Dubai South, the largest single-urban master development focusing on aviation, logistics and real estate, has signed an 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 a landmark $16.88 billion mixed-use master community within Dubai South.

The agreement, valued at $16.88 billion (AED 62 billion), marks a major step in the continued expansion of Dubai South as one of the emirate’s most strategically positioned urban destinations.

In the presence of H.E. Khalifa Alzaffin, Executive Chairman of Dubai Aviation City Corporation and Dubai South, and Fadel Abdulbaqi Al Ali, Chairman of Majid Al Futtaim Holding, the agreement was signed at Dubai South HQ by 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 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.

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, while remaining within close proximity to Dubai’s major economic and logistics hubs.

In his comments, 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.”

Ahmed Galal Ismail 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 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 significantly to Dubai’s retail, tourism, residential, and commercial sectors, while supporting the emirate’s broader economic agenda and vision for sustainable development.