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Tag: master-planned community

  • Dubai South and Majid Al Futtaim Launch Dh62 Billion Mixed-Use Community

    Dubai South and Majid Al Futtaim Launch Dh62 Billion Mixed-Use Community

    The new development will be located near Al Maktoum International Airport in Dubai South, featuring a diverse range of residential, retail, and lifestyle units across 22 million square feet. The project will be anchored by a large shopping mall, marking one of the most significant partnerships in Dubai’s evolving urban landscape.

    A growing number of developers are concentrating on the Dubai South area in anticipation of Al Maktoum International Airport’s opening, which will become the world’s largest airport upon completion.

    “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,” said Nabil Al Kindi, Group CEO of Dubai South.

    Ahmed Galal Ismail, CEO of Majid Al Futtaim Holding, emphasized the development underscores the company’s long-term confidence in Dubai’s growth trajectory and its commitment to creating destinations that deliver lasting economic value.

    “Dubai South is emerging as the next major chapter in the city’s development. 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.”

    Dubai South represents one of Dubai’s largest master-planned urban developments, spanning 145 square kilometres and centred around Al Maktoum International Airport. The strategic location positions the new community within a rapidly expanding economic zone designed to support Dubai’s long-term growth ambitions.

    With owned assets valued at $20 billion, Majid Al Futtaim holds the highest credit rating (BBB) among privately held companies in the region. The company operates 29 shopping malls, including the flagship Mall of the Emirates, Mall of Egypt, and Mall of Oman, as well as the iconic City Centre destinations.

    The announcement comes as Dubai’s property market recorded over Dh180 billion in transactions during the first quarter of 2026, reflecting sustained momentum across multiple sectors. The partnership between Dubai South and Majid Al Futtaim signals continued developer confidence in the emirate’s real estate landscape, particularly in strategically positioned master-planned communities.

    The Dh62 billion investment adds to a series of major announcements that have characterized Dubai’s property sector in recent months, with developers launching projects across the emirate despite regional geopolitical challenges. The scale of the development underscores the strategic importance of Dubai South as a future economic hub, particularly as infrastructure projects such as the $9 billion Gold Line Metro expansion enhance connectivity across the emirate.

  • BEYOND Developments Unveils EVERMORE Master Plan on Marjan Beach

    BEYOND Developments Unveils EVERMORE Master Plan on Marjan Beach

    The announcement, made on February 13, 2026, marks BEYOND’s inaugural venture outside Dubai and introduces a French-inspired waterfront development spanning over 7 million square feet of gross floor area. The project is positioned opposite Wynn Al Marjan Island on one of the emirate’s most strategic beachfront plots.

    Mahdi Amjad, Founder and Executive Chairman of BEYOND Developments, emphasized the significance of the launch:

    “Ras Al Khaimah is witnessing a new phase of development, underpinned by disciplined planning, rising global relevance and the long-term vision of its leadership whose support has been instrumental in enabling our entry into the emirate. EVERMORE stands as a defining milestone in our journey, marking our first expansion outside Dubai and first destination in Ras Al Khaimah.”

    The master plan introduces 250,000 square meters of landscaped open spaces, including a central botanical garden, designed as a fully pedestrian-oriented development. Shaded walkways and green connections link the botanical garden to 3.5 kilometers of accessible beachfront, prioritizing walkability and resident well-being.

    EVERMORE integrates residential, hospitality, and retail components, including 1 million square feet of hospitality and branded residential offerings. The destination features a festival and events plaza, botanical souqs, an F&B village, and a continuous beachfront promenade, forming a self-sustained cultural and leisure district.

    Abdulla Al Abdouli, Group CEO of Marjan, highlighted the project’s importance:

    “As the second-largest master plan within our portfolio, it strengthens Marjan Beach’s evolution as a destination where lifestyle, hospitality, and nature come together to shape the future of the emirate. This master plan adds a meaningful new layer to the beach’s evolution and strengthens its positioning as a global lifestyle and investment destination.”

    The architectural vision draws inspiration from French classical design, reinterpreting proportion, symmetry, and spatial order through a contemporary lens. Cascading buildings are arranged to maximize uninterrupted sea and landscape views, with wind-flow strategies, shaded pathways, dense greenery, and pedestrian bridges ensuring year-round comfort.

    The unveiling took place through an immersive launch experience featuring light installations, layered soundscapes, and theatrical storytelling, translating the spirit of the master plan into a sensory narrative for attendees.

    EVERMORE is designed to contribute meaningfully to the Ras Al Khaimah Vision 2030, aligning with the emirate’s evolving urban and economic development strategy. The project’s scale and positioning reflect growing confidence in Ras Al Khaimah’s real estate investment landscape, as developers increasingly look beyond Dubai’s saturated markets.