About The Majid Al Futtaim

Majid Al Futtaim Holding is a prominent Emirati holding company headquartered in Dubai. Established in 1992 by founder Majid Al Futtaim, this family-owned conglomerate is widely recognized for its ownership and operation of shopping malls, retail outlets, and hotels across the Middle East and North Africa. Notably, the company is celebrated as the proprietor of the renowned Mall of the Emirates in Dubai and holds the franchise for the French hypermarket chain Carrefour in the Middle East, North Africa, and Central Asia.

The company, Majid Al Futtaim, owns and runs 22 shopping malls like Mall of the Emirates, Mall of Egypt, and City Centre malls. They also have 12 hotels, 3 mixed-use communities, and are the exclusive franchise for Carrefour in 38 markets across the Middle East, Africa, and Asia. Majid Al Futtaim is big in entertainment, with 300 Vox Cinema screens and other fun places. They have the rights to the LEGO store and American Girl in the Middle East, and work with Gourmet Gulf in the food and drink business. They’re also into hotels and resorts. In Dubai, their first residential area is Tilal Al Ghaf, close to Dubai Sports City.

Latest Off Plan Projects by Majid Al Futtaim


Majid Al Futtaim’s portfolio is vast and diverse, spanning a wide range of industries and sectors. Here are some of the key areas of their business:


Majid Al Futtaim is the largest retailer in the Middle East, Africa, and Asia, with over 3,000 stores across 16 countries. They operate a portfolio of retail brands, including Carrefour, Bloomingdale’s, and IKEA.

Leisure and entertainment

Majid Al Futtaim is also a major player in the leisure and entertainment sector, with a portfolio of iconic brands, including VOX Cinemas, Ski Dubai, and Magic Planet.

Property development

Majid Al Futtaim is a leading developer of properties and communities across the Middle East, Africa, and Asia. They have a portfolio of over 29 malls, 20 hotels, and 10 residential developments.

Other businesses

In addition to retail, leisure and entertainment, and property development, Majid Al Futtaim also operates in a number of other industries, including:

  • Food and beverage
  • Financial services
  • Logistics
  • Information technology

Most Notable Projects

Majid Al Futtaim’s portfolio is constantly growing and evolving, as they seek to meet the needs of their customers and partners in the ever-changing global economy. Here are some of the company’s most notable projects and initiatives:

  • Tilal Al Ghaf: A master-planned community in Dubai that is home to over 100,000 people.
  • Mall of the Emirates: One of the largest shopping malls in the world, located in Dubai.
  • VOX Cinemas: The largest cinema operator in the Middle East, with over 700 screens across 16 countries.
  • Ski Dubai: The world’s first indoor ski resort, located in Dubai.
  • Magic Planet: A family entertainment center with over 100 attractions, located in malls across the Middle East.


Majid Al Futtaim is a diversified conglomerate with expertise across various sectors, making it a prominent player in the Middle East and beyond. Here are key areas of expertise for Majid Al Futtaim:

  • Real Estate Development: Majid Al Futtaim has a significant presence in real estate development, creating iconic projects such as shopping malls, hotels, residential communities, and mixed-use developments. Notable projects include the Mall of the Emirates and residential development Tilal Al Ghaf in Dubai.

  • Retail Operations: The company is a leader in the retail industry, owning and operating a vast network of shopping malls. It has a strong retail presence with a diverse range of brands and franchises, including the exclusive franchise rights for Carrefour in numerous markets.

  • Entertainment and Leisure: Majid Al Futtaim is a major player in the entertainment sector, managing Vox Cinemas with hundreds of screens. The conglomerate offers various entertainment and leisure facilities in conjunction with its shopping malls.

  • Hospitality: With a focus on the hospitality sector, Majid Al Futtaim owns and operates hotels and resorts. This diversification allows the company to cater to a broader spectrum of consumer needs.

  • Franchising: The company is a key player in the franchising business, particularly as the exclusive franchisee for Carrefour in a considerable number of markets spanning the Middle East, Africa, and Asia.

  • Food and Beverage Industry: Majid Al Futtaim has ventured into the food and beverage industry through partnerships and operations, contributing to its diverse business portfolio.

  • Collaborations and Partnerships: The conglomerate has formed strategic partnerships and collaborations with various entities, including Gourmet Gulf, to enhance its offerings and presence in specific industries.

Majid Al Futtaim’ Market Trends

Tilal Al Ghaf is the only community in Dubai by Majid Al Futtaim. So, here we are talking about this community. Among the various property types in Tilal Al Ghaf, 4-bedroom townhouses stand out as the most lucrative, offering an impressive ROI of 7.47%. Following closely behind are 3-bedroom townhouses, which yield a respectable 7.13% return on the initial investment.

Compared to townhouses, Tilal Al Ghaf villas demonstrate slightly higher profitability. Specifically, 4-bedroom villas boast the highest ROI at 7.57%, while 3-bedroom villas offer a solid return of 7.37% on investment.

Majid Al Futtaim’ Market Cap

Majid Al Futtaim is a privately held company, and as a result, it does not trade publicly, rendering the absence of a market capitalization figure. Nonetheless, insights into the company’s financial performance are available for reference:

  • Revenue: In the fiscal year 2022, Majid Al Futtaim recorded consolidated revenue amounting to AED 36.3 billion, marking a notable 12% increase compared to the preceding year.

  • EBITDA: The company’s Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for the year 2022 reached AED 4.1 billion, signifying a commendable 4% growth year-on-year.

  • Assets: As of March 2023, Majid Al Futtaim’s total assets were valued at approximately AED 66 billion, reflecting a noteworthy 9% rise in comparison to the previous year.

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