Majid Al Futtaim is a prominent Dubai-based corporation renowned for its impressive architectural structures and noteworthy projects. Its founder, an Emirati billionaire named Majid Al Futtaim, has significantly contributed to the company’s prominence. Additionally, the corporation holds the exclusive license to operate hypermarkets for the well-known French company, Carrefour, across the Middle East, North Africa, and Central Asia. Majid Al Futtaim also operates and owns various entertainment centers, including VOX Cinema, Magic Planet family entertainment centers, Orbi I Dubai, Ski Dubai, and Ski Egypt.
Founded in 1992, Majid Al Futtaim is the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia. A remarkable business success story, Majid Al Futtaim started from one man’s vision to transform the face of shopping, entertainment, and leisure to create ‘great moments for everyone, every day’. It has since grown into one of the United Arab Emirates’ most respected and successful businesses spanning 15 international markets, employing 40,000 people, and obtaining the highest credit rating (BBB) among privately held corporates in the region.
Majid Al Futtaim has begun the construction phase of its recently launched Elan neighbourhood at Tilal Al Ghaf, which is expected to be completed by December 2022. On this occasion the company held the ceremony to demonstrate commitment to its customers and stability of the Dubai real estate market marked by growing confidence among property buyers. The new project will offer the sale of 594 units in phases one and two of Elan development. It is estimated to have a total sales value of AED 900 million.