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Post by : Badri Ariffin
In a significant development, Dubai South has forged a partnership with Majid Al Futtaim to create an AED 62 billion mixed-use community in Dubai. Spanning over 22 million square feet, the project will offer a variety of residential, retail, entertainment, and lifestyle amenities.
The formal agreement was finalized at the Dubai South headquarters, attended by prominent figures including HE Khalifa Alzaffin, Executive Chairman of Dubai Aviation City Corporation, and Fadel Abdulbaqi Al Ali, Chairman of Majid Al Futtaim Holding.
The signing took place with Nabil Alkindi, Group CEO of Dubai South, and Ahmed Galal Ismail, CEO of Majid Al Futtaim Holding, putting pen to paper.
This master-planned community will incorporate diverse housing options alongside shopping and lifestyle venues catering to the expanding population of Dubai South and surrounding areas. A large shopping mall is set to be one of the focal points of the development, projected to be a prime hub for shopping, entertainment, and leisure activities.
Strategically positioned close to Al Maktoum International Airport, anticipated to be the world's largest airport upon completion, the development will offer seamless access to key transport routes, major highways, and Dubai's economic and logistics hubs.
Nabil Alkindi emphasized that this partnership signifies a pivotal moment for the growth of Dubai South, aligning with Dubai's long-term economic and urban strategies as outlined in the Dubai Economic Agenda D33. He noted that this initiative will foster future-ready communities and sustainable growth.
Ahmed Galal Ismail expressed Majid Al Futtaim's unwavering confidence in Dubai's potential, highlighting their commitment to creating enduring destinations with long-term economic benefits. He pointed out that Dubai South is evolving into a key development zone, with the new project set to amalgamate retail, hospitality, entertainment, and residential experiences in a cohesive community.
The forthcoming development is projected to fortify Dubai’s retail, tourism, residential, and commercial sectors while advancing the emirate's aspirations for sustainable economic advancement.
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