The firm was established by Majid Al Futtaim in 1992 and is best known as the owner of the Mall of the Emirates in Dubai and being the franchisee of French hypermarket chain Carrefour in the Middle East, North Africa and Central Asia.
Majid Al Futtaim Properties
Majid Al Futtaim Properties develops, owns and manages shopping malls and hotels throughout the MENA region. The hotels business unit focuses on the development and asset management of hotels connected to or close to the company’s shopping malls and within its master-planned communities. It owned and operated twelve hotels as of 2015. In 2017, Majid Al Futtaim Properties reported a profit of 2.19 billion dirhams ($596.25 million), down 7% on 2016.
Shopping malls
- Mall of the Emirates: located in Al Barsha on Sheikh Zayed Road in Dubai. Since its opening in 2005, the mall has become a main attraction in Dubai, welcoming more than 42 million visitors annually. The mall includes more than 630 international stores.
- Mall of Egypt: Opened in March 2017 with location in Sixth of October. The group is planning another shopping mall in Cairo.
- Mall of Oman: Located in Bousher on Muscat Expressway in Muscat
- Mall of Saudi: in Riyadh, set to be completed by 2025–2026.
- City Centre malls:
City Centre Bahrain: Opened in 2008 in Manama (Bahrain).
Mirdif City Centre: Opened in 2010, in Dubai.
City Centre Muscat: Opened in 2001 in Muscat (Oman). Located on Sultan Qaboos Road (3 km from Muscat International Airport), Seeb, Muscat Governorate, Sultanate of Oman. City Centre Muscat underwent an expansion in 2007 that doubled the size of the mall adding more than 60 new stores and increasing its retail space to 60,484 square meters. In June 2013, the mall announced a second redevelopment to add 48,500 square feet of retail space dedicated to entertainment and leisure. - City Centre Suhar (Sohar): Opened in 2019 in Muscat (Oman) on Al Batinah main road. It contains 120 stores, a nine-screen Vox Cinema, Carrefour and more.
