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Majid Al Futtaim

Majid Al Futtaim

Majid Al Futtaim is a privately held UAE group founded in 1992 by the late Majid Al Futtaim. The company’s real-estate arm plans, builds, and operates large mixed-use communities alongside malls, hotels and leisure assets across the Middle East, Africa and Asia. Its integrated model—developer, long-term owner, and operator—helps control build quality, compress decision cycles and support asset values over time. As of FY-2024 the group reported total assets of about AED 68.8bn, with resilient liquidity and deleveraging, underscoring a conservative balance-sheet approach.

On the community side, MAF curates placemaking around parks, water, retail and hospitality, then holds key income assets to keep districts lively. The portfolio spans five mixed-use communities in the region, including the UAE and international sites in Oman and Lebanon—evidence that the brand exports its standards beyond Dubai while staying GCC-centric. Joint ventures such as Al Mouj Muscat have earned category wins at regional real-estate awards, adding to the company’s reputation for quality design and execution.

Scale is another moat: the group owns/operates 29 shopping malls and seven hotels, which anchor footfall and services for its communities and provide diversified recurring income. Current leadership (Group CEO Ahmed Galal Ismail) continues to emphasize disciplined delivery and long-term value creation. For investors, that mix—integrated operations, cross-cycle cash flows, and award-recognized placemaking—translates into durable demand and healthier resale liquidity

Apartments

Distrikt

Ghaf Woods - Dubai

Q3 2029

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