- Dubai, United Arab Emirates
Majid Al Futtaim Properties 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 living communities. Since its first mall, City Centre Deira in Dubai, two decades ago, Majid Al Futtaim Properties remains dedicated to delivering quality destinations and compelling experiences that enrich people’s daily lives.
Business managed by Majid Al Futtaim Properties include: SHOPPING MALLS, HOTELS, COMMUNITIES
INNOVATING SHOPPING IN THE REGION
Majid Al Futtaim develops and operates a range of community and regional malls that vary in size and type, and each mall is strategically developed to meet the specific needs and requirements of its market.
Our shopping malls portfolio has become world renowned for innovation within the shopping centre, retail, design and construction industries. We create ‘destination’ malls that deliver more than just great shopping, through unique leisure offerings such as Ski Dubai, Magic Planet and VOX Cinemas.
Through our pioneering efforts, we provide an impressive launch platform into the region for some of the world’s most famous retail brands such as Carrefour, Harvey Nichols, Debenhams, H&M, Zara, Pottery Barn, American Eagle, Tods, Céline and Virgin, allowing these retailers to strengthen and grow their brands strategically across a broad market.
When it comes to our shopping malls, our aim is simple: to deliver great moments for everyone, everyday, while at the same time redefining the industry standard, achieving global recognition and driving retail growth in the region.
THE IDEAL PLACE TO STAY
The integrated retail, leisure and entertainment business model is the foundation of Majid Al Futtaim as a leading hotel developer and asset manager in the MENA region. Developing hotels that are connected to, or adjacent to our shopping malls brings great value and convenience to our guests, retail partners and the business community around our malls and makes our hotels the ideal places to stay.
This strategy has increased our market share and has given our hotel properties a competitive edge; where they drive up to 25% premium in operating returns above the same hotel brands within the same city.
Our business model is to own and develop the hotels ourselves, but outsource the management to leading international operators. This gives our hotels a recognised brand and experienced operational management, as well as access to global booking systems and customer networks.
Attracting both tourists and business customers, our portfolio of hotels offers guests the opportunity to create great moments and experience class-leading hospitality service.
DESIGNING BETTER COMMUNITIES
Majid Al Futtaim develops and asset manages community projects that are truly mixed-use and provide a balance of residential, retail, hospitality, commercial and leisure components.
All our project locations are carefully chosen, and benefit from proximity to our malls, growth corridors, main arterial road systems, airports, or have a natural advantage such as waterfront topography.
Developed in strategic partnerships with governments and local partners, these projects are customised to the region or territory, and each project bringing an innovative approach that provides a unique offering based on detailed market research.
Our fundamental goal is that through our master planning and design we create sustainable ‘living environments’ promoting social integration and healthy communities; and that in turn gains customer buy-in and the long-term commercial success of each of our community projects.
Majid Al Futtaim is the leading shopping mall, retail and leisure pioneer across the Middle East and North Africa (MENA). Our business spans 14 international markets, employs over 33,000 people, and has achieved the highest credit rating (BBB) among privately held corporates in the Middle East.
We own and operate 19 shopping malls, 12 hotels and three mixed-use communities in MENA. Our shopping malls portfolio includes the popular “City Centre” brand, the iconic Mall of the Emirates, as well as the “My City Centre” and Matajer brands in our neighbourhood mall category. In the retail sector, we hold the exclusive rights to the renowned Carrefour franchise in 38 markets across Middle East, Africa and Central Asia.
Our leisure facilities include 182 VOX Cinemas, 22Magic Planet family entertainment centres, as well as unforgettable experiences that no one had ever seen before – like the thrill of real snow in our iconic indoor ski slope at Ski Dubai, or an exhilarating indoor skydiving experience at iFly Dubai.
The Company launched the first LEGO-certified store in the Middle East and is parent to the consumer finance company issuing ‘Najm’ and “Voyager” credit cards, a fashion retail business representing international brands such as Abercrombie & Fitch, AllSaints and lululemon athletica, and a healthcare business that operates a network of City Centre Clinics. In addition, Majid Al Futtaim operates Enova, a facility management company, through a joint venture operation with Veolia, a global leader in optimised environment resource management. The Company also operates in the food and beverage industry through a partnership with Gourmet Gulf.
As we continue to grow and transform we will always remain dedicated to innovating the customer experience, and providing great moments for everyone, everyday.
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