Dubai South and Majid Al Futtaim: The AED 62 Billion Community
Updated 13 August 2026 · By the Cresco local market team
On 19 May 2026 Dubai South and Majid Al Futtaim Holding announced a 22 million square foot mixed use master community near Al Maktoum International Airport, with a stated development value of AED 62 billion, anchored by a large mall. Nothing beyond the announcement has been published.
What was announced, and what was not
Confirmed: a residential, retail and lifestyle master community of 22 million square feet, valued at AED 62 billion, developed jointly by Dubai South and Majid Al Futtaim Holding, near Al Maktoum International Airport, anchored by a large shopping mall.
Not published: unit counts, property types, prices, payment plans, phase structure, launch date or handover dates.
Why the partnership is the signal
Majid Al Futtaim is the operator behind Mall of the Emirates and City Centre, and it does not attach its name to speculative sites. A committed MAF anchor mall changes what surrounding land is worth long before a single home is sold, because retail anchors are the thing that turns a housing district into a place people choose to live.
Al Maktoum International’s expansion is the wider bet. Dubai South’s whole thesis rests on that airport scaling into the world’s largest. If it does, this community sits at the centre of it. That is the upside and it is also the concentration risk, stated plainly.
What to do now
- Nothing is buyable. Anyone offering you units here is offering you something that does not commercially exist.
- If you already own in Dubai South, this is good news for you today. A committed AED 62 billion neighbour with an MAF mall raises the profile of everything around it.
- Watch for the phase one announcement. That is when prices become real and when getting on a list actually matters.
Questions, answered
What is the Dubai South and Majid Al Futtaim community?
A 22 million square foot residential, retail and lifestyle master community near Al Maktoum International Airport, announced on 19 May 2026 with a stated development value of AED 62 billion, anchored by a large mall.
Can I buy there?
No. No units, prices, launch dates or handover dates have been published as at 13 August 2026.
Who is developing it?
Dubai South together with Majid Al Futtaim Holding, the group behind Mall of the Emirates and the City Centre malls.
Why does it matter?
It is one of the largest committed developments around Al Maktoum International Airport, and a confirmed Majid Al Futtaim retail anchor materially changes the profile of the surrounding Dubai South area.
Own in Dubai South already, or thinking about it? This announcement changes the case. Talk to us about what it does to the specific community you are looking at.
Looking for the full list? Browse every property Cresco has for sale in the UAE, all 712 listings indexed by emirate and community.