A landmark agreement has been signed between Dubai South and Majid Al Futtaim to build a new mixed-use master community. The project has a total investment value of AED 62 billion and will be located within the Dubai South area.

The signing ceremony took place at the Dubai South headquarters. The agreement was finalized by Nabil Alkindi, Group CEO of Dubai South, and Ahmed Galal Ismail, CEO of Majid Al Futtaim Holding. The event was attended by HE Khalifa Alzaffin, Executive Chairman of Dubai Aviation City Corporation and Dubai South, alongside Fadel Abdulbaqi Al Ali, Chairman of Majid Al Futtaim Holding.

The expansive development is set to span 22 million square feet. It will include a variety of residential, lifestyle and retail spaces designed to serve the expanding population of Dubai South and its surrounding areas. A massive shopping mall will anchor the project, serving as a primary hub for retail, leisure and entertainment.

The community is positioned near Al Maktoum International Airport, which is projected to become the largest airport in the world when complete. Because of this location, the site will enjoy direct links to major transport corridors and highways, placing it close to the main logistics and economic hubs of Dubai.

Nabil Alkindi said: “Dubai continues to demonstrate the resilience and strength of its economy through strategic developments that reinforce its position as a global destination for investment, business, and quality living. This partnership with Majid Al Futtaim marks an important milestone in the continued growth of Dubai South, in line with the Dubai Economic Agenda D33 and our wise leadership’s long-term vision to develop integrated, future-ready communities that support sustainable economic and urban expansion.”

Ahmed Galal Ismail said: “This agreement underscores Majid Al Futtaim’s long-term confidence in Dubai’s growth and our commitment to creating destinations that deliver lasting economic value. Dubai South is emerging as the next major chapter in the city’s development, and we are proud to shape our next mixed-use community in such a vibrant and strategically important location. Dubai continues to set a global benchmark for resilience and ambition, and our collaboration with Dubai South is a strategic investment in the emirate’s future, helping to build its next economic hub through an integrated destination that brings together retail, entertainment, hospitality, and residential experiences within one of Dubai’s fastest-growing urban hubs.”

This master development marks a major step forward for Dubai South. It highlights the region’s position as a highly strategic urban hub supported by top-tier infrastructure and long-term planning. The scheme is expected to provide a substantial boost to the local tourism, retail, commercial and residential sectors, aligning with the wider economic and sustainable growth goals of the emirate.