Majid Al Futtaim has announced plans to develop a new ‘flagship’ mixed-use community in Dubai.
The project, announced at Cityscape Global 2017, will be “strategically located in a key residential growth corridor in the emirate,” MAF said. It will comprise of premium homes, retail, leisure and entertainment facilities.
“Majid Al Futtaim is currently in talks with leading global and regional contractors with plans to unveil the master plan in H1 2018,” MAF said. “The project is expected to be funded in line with the company’s prudent financial management and consistent with its BBB credit rating levels.”
Hawazen Esber, Chief Executive Officer of Majid Al Futtaim – Communities, said: “We are excited to announce plans for a flagship mixed-use community that is set to redefine the living experience in Dubai’s evolving and highly competitive real estate market. As is with all our projects, the latest community will feature best in class offerings from across the Majid Al Futtaim integrated portfolio and will deliver on the highest standards of planning, design and quality to create a unique destination that remains close to the heart of its people and allows them to celebrate life, every day.”