Majid Al Futtaim launches mega project in Dubai South

• Mega mixed-use development
• Near Al Maktoum International Airport
• Projected cost of $17bn to build

Dubai-based conglomerate Majid Al Futtaim and state-backed Dubai South have announced a mega mixed-use community located near Al Maktoum International Airport.

Spanning 22 million square feet, the upcoming city in Dubai South is estimated to cost AED62 billion ($17 billion) to build.

The project, anchored by a large shopping mall, will feature a mix of residential, retail and lifestyle components, Dubai South said in a statement.

No specific details of the project were disclosed.

Last month, Sheikh Mohammed bin Rashid Al Maktoum, vice president and prime minister of the UAE and ruler of Dubai, said the emirate will not stop work on its projects in the light of the Iran war but will accelerate the pace of development.

Launched in 2006, Dubai South is a state-backed masterplanned urban development, spanning 145 square kilometres.

The emirate is working on a $35 billion expansion of Dubai World Central – Al Maktoum International Airport. The first phase includes a central passenger terminal and four concourses, designed to lift capacity to 150 million passengers annually.

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Emirati-owned Majid Al Futtaim has operations across the Middle East, Africa and Asia with assets valued at $20 billion. It owns 29 shopping malls, including the Mall of the Emirates, Mall of Egypt and Mall of Oman. Its real estate portfolio includes seven luxury hotels and five mixed-use developments.

Majid Al Futtaim Holding reported in March that net profit increased 41 percent in 2025 to AED3.6 billion, driven by a 6 percent rise in revenue to AED36 billion.

On Monday, Dubai flag carrier Emirates broke ground on a $5 billion engineering complex at Dubai South, with completion expected in 2030.