Majid Al Futtaim to Build Mall in AED 62 Billion Dubai South Project

Dubai South and Majid Al Futtaim have signed an agreement to develop a 22 million square foot mixed-use community near Al Maktoum International Airport with a total projected value of AED 62 billion. The project will include residential districts, retail spaces, lifestyle facilities, and a large shopping mall planned as a central destination within the development.
According to Dubai South, the site is strategically positioned near Al Maktoum International Airport and connected to major highways and transport corridors across Dubai. The mall component will be developed by Majid Al Futtaim, which operates retail destinations including Mall of the Emirates alongside more than 20 malls across the region.
Ahmed Galal Ismail, CEO of Majid Al Futtaim Holding, said the project reflects the company’s long-term investment outlook for Dubai and its next phase of urban expansion. Nabil Alkindi, Group CEO of Dubai South, described the agreement as part of wider development plans aligned with the Dubai Economic Agenda D33 and broader goals tied to sustainable urban growth and integrated communities.
The development adds to the ongoing expansion of Dubai South, an area positioned around Al Maktoum International Airport and planned as a major logistics, aviation, residential, and business district within Dubai’s long-term growth strategy.