Majid Al Futtaim Real Estate is a leading developer and operator of shopping malls, hotels, and residential communities in the Middle East, Africa, and Asia. The company is committed to creating superior lifestyle destinations that provide comfort, convenience, and elegance to its customers.
The company’s flagship community, Tilal Al Ghaf, is a stunning residential development located in Dubai. Nestled in the heart of new Dubai, Tilal Al Ghaf offers luxury resort-style living with a fresh urban feeling. The community features a stunning lagoon, white sandy beaches, and exceptional amenities that cater to the needs of its residents. The Plagette 32 is an exclusive residential neighborhood within Tilal Al Ghaf, featuring an intimate collection of bungalows and villas.
Majid Al Futtaim Real Estate focuses on sustainable design and living practices, combined with its commitment to creating superior lifestyle destinations, making it one of the most respected players in the real estate industry. Some noteworthy points to consider include:
- Majid Al Futtaim Real Estate is a leading developer and operator of shopping malls, hotels, and residential communities in the Middle East, Africa, and Asia.
- The company is committed to creating sustainable living spaces that reduce its environmental impact while providing high-quality living spaces.
- Tilal Al Ghaf is the company’s flagship community, offering luxury resort-style living with a fresh urban feeling.
Corporate Overview
History and Growth
Majid Al Futtaim Real Estate is a leading real estate developer and operator in the Middle East region. Established in 1994, it is a subsidiary of Majid Al Futtaim Holding LLC. The company has a diverse portfolio of real estate assets that includes shopping malls, hotels, and mixed-use communities. Over the years, it has grown to become one of the most respected players in the region’s real estate industry.
Leadership and Management
Majid Al Futtaim Real Estate is run by a group of skilled and seasoned experts who are dedicated to providing their clients with top-notch lifestyle destinations. The firm’s CEO is in charge of managing its asset portfolio and setting the overall strategic direction of the business.
Majid Al Futtaim Properties
Majid Al Futtaim Properties is the real estate development and operations arm of Al-Futtaim Group Real Estate. The organization is in charge of the imagination, planning, development, procurement, and building of large-scale projects, as well as their leasing and ongoing management when they are finished. Majid Al Futtaim Properties operates 28 shopping malls, owns 13 hotels, and manages five mixed-use communities. The company reported $486.8 million in revenues and total assets of $12 billion by H1 2021, a 5.2% increase compared to H1 2020.
Real Estate Portfolio
Majid al Futtaim Real Estate is a leading developer and operator of mixed-use projects in the MENA region. With over 40 years of experience, the company offers innovative solutions for urban development, construction, and property management. Majid al Futtaim Real Estate is MENA’s leading diversified real estate and property services company with a regional portfolio of innovative, world-class shopping malls, hotels, and mixed-use developments.
Residential Developments
Majid al Futtaim Real Estate’s residential portfolio includes various homes, including mansions, flats, and villas. The company’s residential developments are designed to cater to its customers’ diverse needs. The company’s Tilal Al Ghaf development is a prime example of its commitment to creating sustainable and innovative residential communities.
- The company offers a range of residential properties, including villas, mansions, and apartments.
- The Tilal Al Ghaf development is a prime example of the company’s commitment to creating sustainable and innovative residential communities.
Commercial Spaces
Majid al Futtaim Real Estate’s commercial portfolio includes a range of office and retail spaces. The company’s commercial developments are designed to cater to its customers’ diverse needs. The company’s City Centre malls are a prime example of its commitment to creating world-class retail destinations.
- The company’s commercial portfolio includes a range of office and retail spaces.
- The City Centre malls are a prime example of the company’s commitment to creating world-class retail destinations.
Leisure and Hospitality
Majid al Futtaim Real Estate’s leisure and hospitality portfolio includes a range of hotels, resorts, and leisure destinations. The company’s leisure and hospitality developments cater to its customers’ diverse needs. The company’s Kempinski Hotel Mall of the Emirates is a prime example of its commitment to creating world-class hospitality destinations.
- The company’s leisure and hospitality portfolio includes a range of hotels, resorts, and leisure destinations.
- The Kempinski Hotel is a prime example of the company’s commitment to creating world-class hospitality destinations.
Sustainability and Innovation
Majid al-Futtaim Real Estate is committed to sustainability and innovation in all aspects of its business. It knows how important it is to accept accountability for its actions and how they affect the communities it works in and the environment.
Environmental Initiatives
Majid al-Futtaim has implemented several environmental initiatives across its properties portfolio. These initiatives include:
- Energy-efficient lighting and HVAC systems to reduce energy consumption and greenhouse gas emissions.
- Water-saving landscaping and low-flow fixtures are examples of conservation strategies.
- Waste reduction and recycling programs to minimize landfill waste.
- Green building certifications such as LEED ensure that their properties meet the highest standards of sustainability.
Digital Transformation
Majid al-Futtaim is also leading the way in digital transformation in the real estate industry. They are using innovative technologies to enhance the customer experience and improve operational efficiency.
Some of the digital initiatives implemented by Majid al Futtaim include:
- Intelligent building systems that use sensors and data analytics to optimize energy usage and reduce costs.
- Virtual and augmented reality tools that help customers visualize properties and make informed decisions.
By embracing digital transformation, Majid al-Futtaim is building a more connected and efficient real estate ecosystem.
Overall, Majid al-Futtaim Real Estate is building and creating sustainable and innovative properties that benefit both the environment and their customers.
Investment and Market Insights
Investor Relations
Majid Al Futtaim Real Estate is a reputable real estate developer in the MENA region. The company has established itself as a reliable partner for investors in the region’s real estate market.
Investors interested in partnering with Majid Al Futtaim Real Estate can find detailed information about the company’s financial performance, investment strategy, and plans on the company’s website.
Majid Al Futtaim Real Estate delivers high-quality real estate developments that meet the needs of buyers and investors. The company’s strong financial position and commitment to excellence make it an attractive investment opportunity for investors looking to invest in the region’s real estate market.
Real Estate Market Trends
The Middle Eastern real estate industry has been steadily expanding in recent years. 87% of respondents to a YouGov study for Majid Al Futtaim Properties’ Communities business unit said they planned to purchase real estate in the future. This suggests that there is a high demand for real estate in the area, and this trend is anticipated to continue in the years to come.
Investors looking to invest in the region’s real estate market can benefit from the region’s strong economic growth, favorable government policies, and growing population. There are options in residential, commercial, and industrial real estate in the region’s diversified real estate market.
Majid Al Futtaim Real Estate is well-versed in the area’s real estate sector. It has benefited from the market’s expansion by providing excellent projects that satisfy investors’ and purchasers’ demands.
Community and Lifestyle
Majid al-Futtaim Real Estate is committed to creating communities that offer a superior lifestyle experience. The developer has a reputation for building and selling properties that provide comfort, convenience, and elegance for residents.
Creating Communities
The Tilal Al Ghaf project is a flagship destination that showcases Majid al Futtaim’s market-shaping approach to community development. This mixed-use development offers resort-style living in the heart of nature. Residents benefit from over 500k m2 of community parks, lush greenery, and a 150k m2 recreational lagoon bordered by white sandy beaches.
Retail and Leisure Experience
Majid al Futtaim Real Estate is not just about building homes but also about creating destinations that offer a retail and leisure experience. The developer owns and operates 21 shopping malls and 12 hotels in 15 international markets. The retail and leisure experience is designed to provide convenience and entertainment for residents and visitors alike.
Here are some of the ways that Majid al Futtaim Real Estate provides a retail and leisure experience:
- The shopping malls offer a wide range of international and local brands.
- The hotels offer luxury accommodations and amenities.
- The mixed-use community developments provide retail and leisure experiences that cater to the needs of residents.
Overall, Majid al-Futtaim Real Estate provides a superior lifestyle experience for residents. The developer’s commitment to creating communities that offer comfort, convenience, and elegance, as well as a retail and leisure experience, has made it one of the most respected players in the real estate industry.
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Frequently Asked Questions
How can I contact customer service for Majid Al Futtaim Real Estate?
- Majid Al Futtaim Real Estate has a high-end customer service team that you can reach through their website or social media channels.
What is the process to apply for a job at Majid Al Futtaim?
- Majid Al Futtaim Real Estate offers a variety of job opportunities across different sectors.
- Interested candidates can visit the company’s career portal on their website to view and apply for available positions.
- The company also actively recruits through job fairs and other recruitment events.
What are the latest projects by Majid Al Futtaim Real Estate?
- Majid Al Futtaim Real Estate has undertaken several projects across the MENA region in recent years.
- Some of the latest projects include the development of Tilal Al Ghaf, a mixed-use community in Dubai, and the expansion of City Centre Muscat in Oman.
Who currently holds the position of CEO at Majid Al Futtaim Properties?
- The current CEO of Majid Al Futtaim Properties is Hisham Al Gurg.
- Having worked for the firm for more than ten years, Al Gurg has been instrumental in the expansion and advancement of the real estate industry.
What are the primary sectors of business for Majid Al Futtaim Group?
- Majid Al Futtaim Group operates across several sectors, including retail, leisure, entertainment, and real estate.
- The company’s real estate arm develops and manages several mixed-use communities, hotels, and shopping malls in the MENA region.
Which companies are affiliated with Majid Al Futtaim?
- Majid Al Futtaim Group has several affiliated companies, including Majid Al Futtaim Properties, which is responsible for the development and management of the company’s real estate assets.
- Other affiliated companies include Majid Al Futtaim Retail, which operates several retail brands across the region, and Majid Al Futtaim Ventures, which focuses on investments in technology and innovation.
