Latest Projects By Majid Al Futtaim
Starting Price: 36.9 Million AED
Location: Tilal Al Ghaf
Starting Price: 24.6 Million AED
Location: Tilal Al Ghaf
Starting Price: 17.8 Million AED
Location: Tilal Al Ghaf
Starting Price: 39 Million AED
Location: Tilal Al Ghaf
Majid Al Futtaim
Majid Al Futtaim Group stands out as a prominent Arab holding company established in 1992 and headquartered in Dubai. The founder and president, Majid Al Futtaim is a world-renowned billionaire, who further created four subsidiaries, namely MAF Ventures, MAF Properties, MAF Retail, and MAF Trust. Primarily focusing on development, construction, ownership, and operation of major shopping centers in different countries, including Egypt, Saudi Arabia, and the United Arab Emirates, the company has established 13 properties across multiple regions with notable shopping centers in the UAE including Mirdif City Centre and Mall of the Emirates.
Furthermore, Majid Al Futtaim Group has further created integrated communities that comprise premium residential, leisure and commercial spaces having cafes, restaurants, cinemas, and marinas for yachts. This stands as a testimony of Majid Al Futtaim’s commitment and vision to providing people with wonderful moments and unique experiences in areas such as shopping, dining, recreation, travel, and overall life.
To expand its operations in Central Asia, Middle East and North Africa, the company further acquired the license for the renowned French brand Carrefour, which operates hypermarkets and supermarkets, in addition to entertainment centers like Magic Planet, shopping centers like City Center, and multiplex cinemas like VOX Cinemas.
Majid Al Futtaim Localities in Dubai
Tilal Al Ghaf
Tilal Al Ghaf Aura Gardens
One of the distinguished projects undertaken by Majid Al Futtaim is the development of the Tilal Al Ghaf Aura Gardens neighborhood in Dubai land territory, which quickly achieved its planned progress from its initiation in 2022. This project comprises 594 modern designed townhouses starting from AED 1,800,000 (USD 490,100), and a range of nearby amenities such as a water park, outdoor cinema, kindergarten, clinics, restaurants, and a mosque.
Harmony Villas II
Harmony Villas II is yet another project by the company, which comprises premium 4000-5600 square feet villas featuring 4 to 6 bedrooms. Each villa offers a garage for three cars, a spacious terrace, high ceilings, panoramic windows, and a courtyard and having a starting price of AED 3,390,000 (USD 923,000). What’s great is that the villas are conveniently and strategically located with easy access to locations such as Dubai Marin (20 minutes), Downtown Dubai (25 minutes), and DXB Airport (30 minutes).
- Tilal Al Ghaf
- Harmony Villas II
FAQ
Most frequent questions and answers
What is the property market trend in UAE?
The UAE’s real estate sector contributes around 5.5% of the GDP of the country, and it has been on the rise since 2022 as both rental rates and home prices have increased. Dubai’s transaction volume reached its highest level for the first quarter ever observed in the area in the first quarter of 2022.
What are the main types of investment properties in Dubai?
In Dubai, investors can choose between villas, apartments, townhouses, penthouses, duplexes, and plots and lands.
What are the main areas for foreigners to buy property in UAE?
In Dubai, there are specific zones where foreigners can purchase real estate. These locations, such as the Palm Jumeirah, Downtown Dubai, Dubai Marina, Arabian Ranches, and Jumeirah Beach Residence, are decided upon by the Ruler of the Emirate of Dubai.
Can I live in Dubai if I buy a property?
Real estate purchases in Dubai may result in the buyer receiving a residence permit. The property must be finished at the time of purchase and worth at least AED 1 million to qualify for the UAE investor visa program. Dependents may also be sponsored by real estate purchase residence visa holders.
What is the future of real estate in the UAE?
The real estate industry in the UAE is anticipated to increase by 2.97% between 2023 and 2028, reaching a market volume of US$0.80 trillion by that year. The important characteristic that makes the UAE a desirable location for real estate investment is what is driving this expansion.
How to invest in UAE real estate?
Here are some tips to invest in UAE real estate:
- Know About Different Property Types and Their Worth
- Research the Market Status and Risks
- Property Investment in Dubai
- Don’t Sacrifice Location
- Choose Areas with High Rents and Demand
- Spend Time in the Area
- Luxury Property Buyers Should Have Financial Resources
- Investing in Residential Properties Offers Shortcuts for Legal Residency
- Seek Expert Advice When Investing in Dubai Real Estate
Can foreigners invest in real estate in Dubai?
Yes, foreigners are permitted to purchase real estate in the UAE. There are, however, certain geographical limitations. Citizens of the UAE or the Gulf Cooperation Council (GCC) may buy real estate anywhere in Dubai.
Is there a property tax in Dubai?
There is no taxation on owning properties in Dubai.
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New launches
Payment Plan: 80/20
Hand-Over: Jan - 2029
Address Residences at Dubai Creek Harbour by Emaar Properties
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Location: Dubai Creek Harbour
Payment Plan: Easy
Hand-Over: Update Soon
Knightsbridge by Leos at Meydan District 11, Dubai
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Location: Meydaan
Payment Plan: 8 Years
Hand-Over: Q1 2028
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Location: Dubai Land Residence Complex
Payment Plan: 70/30
Hand-Over: Q3 2027
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Location: Meydan
Payment Plan: 60/40
Hand-Over: December 2027
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Starting Price: 1.1 Million AED
Location: Siniya Island
Payment Plan: Easy
Hand-Over: Q1 - 2027
Pristine by Zoya at Al Furjan, Dubai
Starting Price: 960000 AED
Location: Al Furjan
Premium Properties
Starting Price: 39.6 Million AED
Location: Tilal Al Ghaf
Starting Price: 60 Million AED
Location: The Worlds Islands
