Majid Al Futtaim Group is a large Arab holding company founded in 1992 and based in Dubai. It includes four subsidiaries: MAF Ventures, MAF Properties, MAF Retail and MAF Trust. Its founder and president is Majid Al Futtaim, one of the most influential billionaires in the world.
Majid Al Futtaim Group develops, builds, owns and operates major shopping centers in various countries such as Cairo, Egypt and Saudi Arabia. The largest in the United Arab Emirates include Mirdif City Centre and Mall of the Emirates. Another 13 properties have been completed or are under construction in Egypt, Saudi Arabia, Cairo, Oman, Lebanon and Bahrain.
The developer is also creating integrated communities that combine living, leisure and working in one place. These include:
Majid Al Futtaim owns a license for the French brand Carrefour (hyper- and supermarkets). Thanks to this, he has been able to enter Central Asian, the Middle Eastern and North African markets. The holding owns the family entertainment center Magic Planet, the shopping center City Center and multiplex cinema VOX Cinemas.
According to the founder, the company’s aim is to bring people wonderful moments every day and give them a unique experience in shopping, eating, recreation, travel and life in general.
The company recently launched the second part of a major project, the development of the Tilal Al Ghaf Aura Gardens neighborhood. It is planned to be completed by the end of 2022. To date, 60% of the plan has been realized. Buyers will be offered a choice of 594 properties. According to preliminary estimates, the total sales volume will be about AED 900,000 (USD 245,100). Among the project’s features are:
Harmony Villas II is another project from developer Majid Al Futtaim. It consists of premium villas, each of which boasts 4 to 6 bedrooms. At the moment the project is 30% completed, its construction is scheduled to finish in 2022. Each villa includes:
The total square footage of the property ranges from 4,016 to 5,677 square feet. The villas are located in a cozy and quiet location with developed infrastructure. The properties start at AED 3,390,000 (USD 923,000). The property is 20 minutes from Dubai Marina, 25 minutes from Downtown Dubai and 30 minutes from DXB Airport.
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