Majid Al Futtaim Properties was founded in 1992 by the late Emirati businessman Majid Al Futtaim. It owns and operates a portfolio of 29 shopping malls, making it a landmark in the regional real estate industry. In the Egyptian market, the company's projects are concentrated in 6th of October City, home to Mall of Egypt and its newest project, Junction Mall, in addition to its presence in Heliopolis. Prices for commercial and administrative units start from EGP 13 million.
Majid Al Futtaim Properties is one of the most prominent real estate and investment entities in the Middle East, Africa, and Asia, founded in 1992 by the late UAE businessman Majid Al Futtaim, owning and managing a portfolio of 29 shopping centers that have made it a defining landmark in the regional real estate industry.
Over more than three decades, the company has transformed the concept of real estate development from merely building units into crafting a fully integrated lifestyle that combines living, working, and entertainment, with its presence extending to more than 17 different markets around the world.
In the Egyptian market, Majid Al Futtaim’s projects are concentrated in 6th of October, where Mall of Egypt and its newest project, Junction, are located, alongside its presence in Heliopolis, offering commercial and administrative units with prices starting from EGP 13 million.
Majid Al Futtaim Properties
About Majid Al Futtaim
Majid Al Futtaim Properties is the real estate development arm of Majid Al Futtaim Holding, which launched on the eleventh of May 1992 in the United Arab Emirates at the hands of its late founder Majid Al Futtaim (1934–2021), before gradually expanding to become present in more than 17 markets across the Middle East, Africa, and Central Asia.
The group’s activities are not limited to real estate development alone, as it operates in the development and management of shopping centers, fully integrated residential communities, and hotels, alongside the retail sector through its exclusive franchise to operate the Carrefour chain in the region, and the entertainment sector through VOX Cinemas and indoor ski destinations such as Ski Dubai and Ski Egypt, which has given the company the ability to integrate entertainment experiences within its real estate projects.
Mall of Egypt, which opened in March 2017, remains the company’s most prominent asset in the Egyptian market, housing Ski Egypt, the first indoor ski slope and snow park in Africa, alongside hundreds of international brands, embodying the company’s philosophy of transforming a shopping center into a fully integrated destination.
In terms of scale, the group’s announced financial data reveal its stature, with revenues of approximately AED 34.5 billion based on 2023 results, assets exceeding AED 69.7 billion, more than 43,000 employees, and facilities serving approximately 600 million customers annually, alongside a hotel portfolio of 13 hotels operated in collaboration with major global brands.
The company’s Egyptian presence is concentrated in 6th of October City and the Heliopolis area, where its projects combine a commercial and entertainment character.
Majid Al Futtaim Board of Directors
The board of directors represents a fundamental pillar in the company’s continuity, especially following the passing of founder Majid Al Futtaim in December 2021, as group leadership transitioned to a corporate governance system led by an elite group of executives with international expertise in investment, real estate development, and asset management, ensuring the continuation of the founder’s vision for expansion. The following are the most prominent current leadership figures:
Dr. Günther Helm: CEO of the Retail sector, responsible for Carrefour operations in the region.
Ahmed El Shamy: CEO of the Properties sector, directly overseeing the portfolio of shopping centers, hotels, and integrated communities.
Ahmed Galal Ismail: CEO of Majid Al Futtaim Holding, with more than 15 years of experience within the group, having previously headed the Properties sector between 2018 and 2023.
Fadel Abdulbaqi Al Ali: Chairman of the Holding Company’s Board of Directors, assuming the position in June 2025 succeeding Sir Michael Rake, with extensive experience in financial services and corporate governance.
Majid Al Futtaim’s Real Estate Development Philosophy
The company’s philosophy is based on a central idea that real estate is not units to be sold but a life experience to be crafted, and from this comes its focus on building fully integrated communities that combine living, working, and entertainment in a single location, with meticulous attention to construction quality and architectural design innovation.
The company is credited with pioneering the introduction of global entertainment destinations within its projects, such as Ski Egypt, which is the first indoor ski slope in Africa, in addition to its strict adherence to environmental sustainability standards in everything it develops.
The company’s execution approach relies on collaboration with an elite group of global experts and consultants in urban planning and architectural design, while maintaining commitment to announced delivery dates, which has earned client and investor trust in its name over many years of operation across various markets.
Majid Al Futtaim’s Vision
The company’s vision can be summarized as creating exceptional moments for all its customers every day, through developing real estate, commercial, and entertainment destinations that exceed the expectations of both visitor and resident alike, and cementing the group’s position as the leading integrated lifestyle pioneer in the region.
Majid Al Futtaim’s Goals
Digital Transformation: Integrating the latest smart technologies into the management of facilities and residential communities for residents’ comfort.
Enhancing Customer Experience: Placing client needs at the heart of the design and development process to ensure the highest satisfaction rates.
Supporting Economic Growth: Contributing to the GDP of the countries where the company operates through its major investments.
Environmental Sustainability: Achieving carbon neutrality and a net positive outcome in water and energy consumption by 2040.
Leadership in Integrated Communities: Developing residential cities that provide a comprehensive life experience combining living, working, and entertainment.
Calculated Geographic Expansion: Increasing presence in key markets such as Egypt and Saudi Arabia with new real estate and commercial projects.
Junction Mall by Majid Al Futtaim
Majid Al Futtaim’s Strategic Partnerships
The company has relied on an extensive network of partnerships that have enhanced its ability to execute and operate to global standards, including:
Government of Sharjah: A strategic partner in developing the fully integrated Al Zahia residential project in the Emirate of Sharjah.
25hours Hotel managed by Ennismore: One of the most prominent hospitality partners in the Junction 6th of October project, adding a hotel dimension to the development.
Global Hotel Brands: The company collaborates with major hotel management companies such as Kempinski and Sheraton to operate its hotels connected to shopping centers.
Carrefour: The most prominent retail partner, as the group holds the exclusive franchise to operate the French chain across dozens of markets in the region with more than 500 branches.
Majid Al Futtaim’s Awards and Certifications
Commitment to global green building standards such as LEED and WELL in its new projects.
Al Zahia project receiving the BREEAM Communities certification, making it the first residential community in the Middle East to earn this accreditation.
The company’s adoption of the Net Positive strategy in water and energy, being one of the first institutions in the region to embrace this approach.
To inquire about investment partnerships and business opportunities with Majid Al Futtaim, you can contact Majid Al Futtaim’s hotline at +201118183030 to receive detailed information from the sales team.
Majid Al Futtaim’s Track Record
The company’s track record reveals a diverse portfolio extending across Egypt, the UAE, Oman, and Lebanon, combining major commercial centers with fully integrated residential communities. The following are its most notable projects:
This portfolio clearly demonstrates the diversity of the company’s activity between income-generating commercial assets and luxury residential communities, with a geographic spread that grants it immunity against local market fluctuations and increases investor confidence.
On the Egyptian front specifically, the company combines two well-established operational assets — Mall of Egypt in 6th of October and City Centre Almaza in Heliopolis — alongside its new Junction project, which carries its expertise from managing commercial centers to developing fully integrated business complexes.
Majid Al Futtaim’s Projects on Our Website
Majid Al Futtaim’s Projects in 6th of October
Junction Mall by Majid Al Futtaim
Junction Mall 6th of October comes as the company’s latest project in the Egyptian market, and its first fully integrated business complex in 6th of October City, built on an area of approximately 30 feddans, equivalent to around 126,000 sqm, with a low-rise horizontal design surrounded by green spaces and water fountains.
The project is distinguished by its strategic location directly opposite Mall of Egypt and near the 26th of July Corridor and Wahat Road, and includes commercial units, administrative offices, and restaurants with areas starting from 60 square meters, at a price per square meter starting from around EGP 200,000 and a payment system starting with a 10% down payment and installments extending up to 6 years, with delivery expected to be completed in 2029.
According to the company’s announcement, the total investments of the Junction project exceed EGP 20 billion, making it one of the largest mixed-use business complexes in west Cairo, featuring alongside commercial and administrative units a global hotel that further enhances the destination’s integration.
To inquire about the latest prices and book a viewing for any units in Majid Al Futtaim‘s projects, you can contact Majid Al Futtaim’s sales number at +201118183030 to receive price quotes and detailed installment schedules.
Advantages of Investing in Majid Al Futtaim’s Projects
Flexible Payment Systems: A down payment starting from 10% and installments extending up to 6 years, suited to a wide segment of investors and entrepreneurs.
Rapidly Growing Area: West Cairo and 6th of October City are among the fastest-growing areas in commercial and administrative real estate value, increasing the chances of growth in the invested capital.
Rare Commercial Location: Junction’s direct connection to Mall of Egypt ensures a continuous flow of visitors and workers, which raises the rental value and expected returns on units.
Proven Operational Expertise: The company’s track record spanning more than three decades in managing major commercial centers gives investors assurance of execution quality and long-term operational continuity.
Contact Majid Al Futtaim
To get the latest information about Majid Al Futtaim‘s projects, you can contact the specialized sales team to inquire about prices, book viewings, and learn the details of the available payment plans. Call now at:
Majid Al Futtaim’s sales team offers a free real estate consultation that includes analyzing the client’s needs and then recommending the most suitable project from the company’s portfolio, in addition to providing on-site viewings of available units and presenting all financing and payment alternatives.
Why Choose Majid Al Futtaim’s Projects ?
Majid Al Futtaim combines operational expertise spanning more than three decades, a portfolio of the region’s highest-quality shopping centers and integrated communities, and an exceptional location for its newest Egyptian project directly opposite Mall of Egypt.
To inquire about the latest prices, available areas, and installment schedules, you can contact Majid Al Futtaim’s sales number at +201118183030 for a comprehensive real estate consultation and on-site unit viewings.
Frequently Asked Questions
What are Majid Al Futtaim's projects in Egypt ?
The company owns prominent operational assets in the Egyptian market, most notably Mall of Egypt in 6th of October City and City Centre Almaza in Heliopolis. Its newest project, Junction Mall in 6th of October City, is its first integrated business complex in Egypt.
Who founded Majid Al Futtaim ?
The company was founded in 1992 by the late Emirati businessman Majid Al Futtaim. Following his passing in December 2021, the group continued under a corporate governance framework led by a board of directors chaired by Fadel Abdulbaqi Al Ali.
When was Majid Al Futtaim founded ?
The group was founded on May 11, 1992, in the United Arab Emirates. Today, it boasts over three decades of experience in developing and managing shopping malls and integrated communities across more than 17 markets.
Is Majid Al Futtaim reliable ?
The company is one of the most established real estate entities in the region, with a portfolio that includes dozens of shopping malls, 13 hotels, and an operational track record spanning over 30 years. This provides investors with a guarantee of quality execution and operational continuity.
What is Majid Al Futtaim's latest project in Egypt ?
Its latest project is Junction Mall in 6th of October City, located directly opposite Mall of Egypt. Spanning approximately 30 acres, prices start from EGP 200,000 per square meter, with a 10% down payment and installments up to 6 years. The mall is scheduled for completion in 2029.
What is Majid Al Futtaim's sales number ?
Majid Al Futtaim's sales number is +201118183030, available daily from 10 AM to 10 PM for inquiries about prices and to book viewings.
What is Majid Al Futtaim's hotline?
Majid Al Futtaim's hotline is +201118183030, available to contact the sales team and obtain installment schedules and payment plan details.
