SendTech Times
Real EstateNews|May 27, 2026 at 04:44 AM
DUBAI IMPACT:

Dubai South and Majid Al Futtaim to Build Dh62 Billion Mixed-Use Community

BySTechTimes Editor|Source: Khaleej Times
Article summary

Dubai South and Majid Al Futtaim have announced a Dh62 billion mixed-use master community. The project will cover 22 million square feet and include residential, retail, and lifestyle units. It aims to establish a new economic hub near Al Maktoum International Airport.

Dubai South and Majid Al Futtaim to Build Dh62 Billion Mixed-Use Community
Image source: khaleejtimes.com

Major Development Announcement

Dubai South and Majid Al Futtaim on Tuesday announced the launch of a Dh62-billion new mixed-use master community.

Located near Al Maktoum International Airport in Dubai South, the community will span 22 million square feet, featuring a diverse range of residential, retail, and lifestyle units.

The project will be anchored by a large shopping mall.

Strategic Importance of Dubai South

A large number of developers are focusing on the Dubai South area ahead of the opening of Al Maktoum International Airport, which will be the world’s largest airport upon completion.

“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,” said Nabil Al Kindi, Group CEO of Dubai South.

Commitment to Growth

Ahmed Galal Ismail, CEO of Majid Al Futtaim Holding, stated that the development underscores the company’s long-term confidence in Dubai’s growth and its commitment to creating destinations that deliver lasting economic value.

“Dubai South is emerging as the next major chapter in the city’s development.

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,” he said.

Dubai South is one of Dubai’s largest master-planned urban developments, spanning 145 square kilometres and centred around Al Maktoum International Airport, which is set to become the world’s largest airport upon completion.

With owned assets valued at $20 billion, Majid Al Futtaim has the highest credit rating (BBB) among privately held companies in the region.

Share this article
inXf

Related articles

More
Abu Dhabi to Get New 10 Million Square Meter Sustainable City with Dh2 Billion Investment
Real Estate

Abu Dhabi to Get New 10 Million Square Meter Sustainable City with Dh2 Billion Investment

Abu Dhabi National Company for Building Materials (Bildco) partners with Wujod Real Estate Development for a new sustainable city. The project will cover 10 million square meters, with the first phase investment at Dh2 billion. The development aims to support Abu Dhabi's long-term economic diversification and sustainability goals.

Le Provencal Relaunch Tests Ultra-Luxury Demand On The Riviera
Real Estate

Le Provencal Relaunch Tests Ultra-Luxury Demand On The Riviera

John Caudwell has opened sales at Le Provencal after transforming the former Hotel Provencal on the French Riviera into a luxury residential project. The €347 million project has 35 residences, and its pricing starts at €4.05 million for apartments, €15 million for villas and more than €31 million for penthouses. The practical test is whether international buyers turn the restored hotel’s heritage and amenities into confirmed sales at the top end of the Riviera market.

What the AvalonBay, Equity Residential Megamerger Means for the Apartment Industry and Rents
Real Estate

What the AvalonBay, Equity Residential Megamerger Means for the Apartment Industry and Rents

AvalonBay and Equity Residential have announced a historic all-stock merger. The deal will create a company with a market capitalization of about $52 billion. Experts believe this could lead to further consolidation in the apartment REIT sector.

UAE Property Market Splits as Off-Plan Demand Outruns Resales
Real Estate

UAE Property Market Splits as Off-Plan Demand Outruns Resales

The UAE residential property market split in Q1 2026 as Dubai off-plan sales rose while secondary transactions declined. JLL data showed Dubai off-plan sales up 9.5 percent, secondary transactions down 8.2 percent and around 59,000 UAE residential units forecast for 2026 delivery. The practical test is whether the supply pipeline cools prices without weakening confidence in resale demand.

Keep Reading

More Stories

Latest
Apple AI Architecture Puts Google And Nvidia Inside Its Privacy TestAIJun 9, 2026Apple AI Architecture Puts Google And Nvidia Inside Its Privacy TestApple is using Google and Nvidia to support its most advanced cloud AI model while trying to keep Apple Intelligence centered on private orchestration, proprietary models and on-device context.Amazon-Corning Fiber Deal Puts Optics Inside The AI Data Center BottleneckCloud & Data CentersJun 9, 2026Amazon-Corning Fiber Deal Puts Optics Inside The AI Data Center BottleneckAmazon has reached a multi-year optical fiber and networking agreement with Corning, adding North Carolina manufacturing jobs and highlighting fiber capacity as a practical constraint in AI data center expansion.Check Point VPN Exploitation Puts Legacy IKEv1 Access In The Ransomware SpotlightCybersecurityJun 8, 2026Check Point VPN Exploitation Puts Legacy IKEv1 Access In The Ransomware SpotlightA critical Check Point VPN flaw, CVE-2026-50751, is being exploited against legacy IKEv1 remote-access configurations, with activity tied in one case to a Qilin ransomware affiliate and a second related VPN issue also disclosed.Silent Ransom Group Uses Fake IT Support Calls to Pressure Law FirmsCybersecurityJun 8, 2026Silent Ransom Group Uses Fake IT Support Calls to Pressure Law FirmsSilent Ransom Group is targeting U.S. law firms and professional services organizations with fake IT support calls, remote access tools and rapid data-theft extortion. Mandiant links the activity to UNC3753, Luna Moth and Chatty Spider, while the FBI has warned of related social engineering and in-person theft attempts.Alphabet’s $85 Billion AI Financing Push Tests Data Center Investor AppetiteCloud & Data CentersJun 8, 2026Alphabet’s $85 Billion AI Financing Push Tests Data Center Investor AppetiteAlphabet is seeking $85 billion in equity financing after raising its capex outlook to as high as $190 billion. The company is presenting Google Cloud growth, AI adoption and lower Gemini serving costs as evidence that its data center spending can support long-term AI demand.Apple WWDC 2026 Turns Siri Into the Test of Its AI CredibilityAIJun 8, 2026Apple WWDC 2026 Turns Siri Into the Test of Its AI CredibilityApple is expected to put Siri back at the center of WWDC 2026 after delays to its promised Apple Intelligence assistant. The event is likely to test whether Apple can turn contextual awareness, chatbot-style interaction and agentic voice tasks into reliable platform features.ChatGPT Lockdown Mode Narrows AI Data Exfiltration PathsCybersecurityJun 8, 2026ChatGPT Lockdown Mode Narrows AI Data Exfiltration PathsOpenAI is rolling out Lockdown Mode for eligible ChatGPT users to reduce data exfiltration risk from prompt injection. The optional setting limits outbound web and tool capabilities, trading some product flexibility for stronger containment around sensitive workflows.Smart TV Proxy SDKs Turn Free Apps Into a Hidden AI Scraping Supply ChainCybersecurityJun 7, 2026Smart TV Proxy SDKs Turn Free Apps Into a Hidden AI Scraping Supply ChainBright Data's SDK has been reverse-engineered in research showing how free apps can turn consumer devices, including smart TVs, into residential proxy nodes for web-scraping traffic. The issue matters because AI data harvesting is increasing demand for residential IPs, while consent screens and background network behavior may not be clear to users or IT teams.Stratos Data Center Cuts Utah Plan as Water Backlash Tests AI Infrastructure GrowthAIJun 7, 2026Stratos Data Center Cuts Utah Plan as Water Backlash Tests AI Infrastructure GrowthA Kevin O'Leary-backed Utah data center plan has been cut back after water and transparency objections, showing how local resistance can reshape AI infrastructure projects.Dubai Hotels Turn to Residents as Tourism Shock Tests Luxury DemandEconomyJun 7, 2026Dubai Hotels Turn to Residents as Tourism Shock Tests Luxury DemandDubai luxury hotels are using resident staycation discounts to offset weaker international tourism, but the source shows weekend demand cannot fully replace longer foreign stays.Ciena's $50 Billion AI Network Target Puts Optical Capacity on the Hyperscaler ClockChips & SemiconductorsJun 7, 2026Ciena's $50 Billion AI Network Target Puts Optical Capacity on the Hyperscaler ClockCiena says AI demand could roughly double its addressable market to about $50 billion by 2029 as hyperscalers and service providers invest in optical networking. It cited RLS Hyper Rail, DCOM, coherent modules and 400G/800G pluggable optics as demand areas while planning $250 million to $275 million in capex this year. The practical test is whether AI compute buildouts convert into durable network orders.liko.ai Funding Turns Edge AI Into a Smart-Home Hardware TestAIJun 7, 2026liko.ai Funding Turns Edge AI Into a Smart-Home Hardware Testliko.ai completed its first-round financing to fund edge-side vision-language models, AI-native hardware and multi-modal home terminals. The investor group includes Shangtang Guoxiang Capital, Orient Fortune Capital, iFlytek Venture Capital, Hongtai Fund, Zhengxuan Investment and Mianbi Intelligence. The practical test is whether the startup can turn camera-based edge AI into a consumer smart-home hub without relying on cloud processing.