Majid Al Futtaim Real Estate Development Company refers to the development arm and property activity of the UAE-based Majid Al Futtaim group, founded in 1992 in Dubai by Majid Al Futtaim. The group develops and operates shopping malls, mixed-use communities, hotels, retail and leisure destinations across the Middle East, Africa and Asia. In Egypt, Majid Al Futtaim has had a long-standing presence since around 1998 through destinations such as Mall of Egypt, City Centre Maadi, City Centre Alexandria and City Centre Almaza. Its Egyptian real estate activity expanded further in 2026 with JUNCTION in West Cairo and a strategic partnership with MIDAR for a mixed-use community within Mada City in New Cairo.
Majid Al Futtaim Founding and Growth
Majid Al Futtaim was established in 1992 in Dubai and gradually grew into one of the region’s largest privately held lifestyle and property groups. Its official positioning is built around creating integrated daily experiences, not only retail buildings, through shopping, entertainment, hospitality, community living and services.
The group began redefining shopping destinations in the mid-1990s, combining retail with cinemas, family entertainment, food and beverage, hotels and later mixed-use communities. In Egypt, the company refers to a 27-year legacy as of 2026, with approximately USD 2.8 billion invested in the country and a role in shaping retail, leisure, shopping and real estate destinations. This includes Mall of Egypt, VOX Cinemas, Ski Egypt and several City Centre assets.
Key Majid Al Futtaim Projects in Egypt and the Region
Majid Al Futtaim’s Egyptian portfolio is strongest in large retail and mixed-use destinations, with new office and residential community development activity announced in 2026:
- Mall of Egypt: a major shopping and entertainment destination in West Cairo and 6th of October City, home to Ski Egypt, VOX Cinemas and Magic Planet.
- City Centre Almaza: opened in 2019 as a Majid Al Futtaim property in Egypt, with a stated investment of EGP 9.35 billion and anchors including Carrefour, VOX Cinemas and Magic Planet.
- City Centre Maadi: a Cairo shopping and leisure destination with 87 local and international brands and more than 10.5 million annual visitors according to the company’s official page.
- City Centre Alexandria: one of the group’s established Egyptian retail destinations and part of its official Egypt portfolio.
- JUNCTION West Cairo: a next-generation business park next to Mall of Egypt, officially entering construction in June 2026 with total investments exceeding EGP 20 billion.
Regionally, the group is also associated with Mall of the Emirates in Dubai, Tilal Al Ghaf, Al Mouj in Oman and other shopping malls, hotels and community developments.
Majid Al Futtaim in Numbers
| Founded | 1992 |
| Headquarters | Dubai, United Arab Emirates |
| Shopping malls | around 29 regional malls according to official LinkedIn and management profile data |
| Hotels | 7 hotels in the regional portfolio |
| Mixed-use communities | 4 to 5 communities, depending on the official source update date |
| Egypt investments | approximately USD 2.8 billion by the June 2026 announcement |
| Delivered units | No verified public total is available for delivered units. |
The approximately 6,000 homes mentioned in the Mada City announcement are planned homes within a future project. They should not be treated as delivered units.
Vision and Development Focus
Majid Al Futtaim’s development approach is centred on creating destinations that combine daily convenience, entertainment, retail, hospitality and community life. This places the company in a different category from developers focused only on standalone residential compounds.
In Egypt, this approach is clear in the way JUNCTION is connected to Mall of Egypt, creating a business park that uses the surrounding retail and entertainment ecosystem as part of its value proposition. The Mada City partnership extends the same model into a larger residential mixed-use setting, with business districts, services, commercial and entertainment facilities and hotel components. Sustainability is also a recurring theme, with JUNCTION targeting LEED Gold Certification and integrating energy-efficient systems and smart infrastructure.
Latest Majid Al Futtaim Developments in Egypt
Two major Egypt announcements shaped the company’s real estate profile in 2026. On 1 June 2026, Majid Al Futtaim announced the start of construction for JUNCTION in West Cairo, beginning with EGP 500 million in enabling works as part of total investments exceeding EGP 20 billion. The project includes eight office buildings, 440 modular office units, retail and food and beverage outlets, parking, drop-off zones and a 25hours hotel.
On 21 June 2026, the company announced a strategic partnership with MIDAR for a mixed-use development inside Mada City in New Cairo. The project carries a stated development value of USD 3.1 billion, with potential to exceed USD 4 billion. It spans approximately 553 feddans and is planned to include about 6,000 residential units, business and services districts, commercial and entertainment areas and hotel units.
Majid Al Futtaim FAQ
When was Majid Al Futtaim founded?
Majid Al Futtaim was founded in 1992 in Dubai, United Arab Emirates.
What are Majid Al Futtaim’s main projects in Egypt?
Key Egypt projects include Mall of Egypt, City Centre Almaza, City Centre Maadi, City Centre Alexandria and JUNCTION in West Cairo.
Does Majid Al Futtaim have a residential project in Egypt?
Yes. In June 2026, the company announced a strategic partnership with MIDAR for a mixed-use development in Mada City, marking its first residential development in Egypt according to the official announcement.
How many units has Majid Al Futtaim delivered?
No verified public total is available for delivered units. The 6,000 homes mentioned for Mada City are planned units, not delivered units.
Where is Majid Al Futtaim headquartered?
The group headquarters is in Tower 1, City Centre Deira Complex, Dubai, United Arab Emirates.