Majid Al Futtaim

## Majid Al Futtaim — The UAE's Largest Private Sector Employer and Creator of Ghaf Woods Majid Al Futtaim (MAF) is one of the Middle East's most significant and diversified private conglomerates — a Dubai-founded group whose operations span retail, hospitality, real estate, entertainment, and financial services across 17 countries and that employs over 46,000 people across its group operations. Founded by Majid Al Futtaim in 1992 and now chaired by Alain Bejjani as Group CEO (family oversight through the Board), MAF's real estate development activities are primarily concentrated through Majid Al Futtaim Properties — the division responsible for developing integrated retail, hospitality, and residential destinations including City Centre malls, MyCity destinations, and the landmark Ghaf Woods residential forest community in Dubai. For the real estate market, MAF Properties is the developer synonymous with two transformational contributions: the creation of the City Centre mall ecosystem that defines retail in the UAE and much of the GCC, and the development of Ghaf Woods — the UAE's first residential forest community and one of the most distinctive master-planned community concepts in the world. ### TL;DR Developer Snapshot | Attribute | Detail | |---|---| | **Developer** | Majid Al Futtaim Properties | | **Group Founded** | 1992 | | **Headquarters** | Dubai, UAE | | **Group CEO** | Alain Bejjani | | **Group Employees** | 46,000+ | | **Operating Countries** | 17 | | **Real Estate Focus** | Malls, integrated destinations, Ghaf Woods residential forest | | **Flagship Residential** | Ghaf Woods (Sheikh Mohammed bin Zayed Road) | | **Website** | majidalfuttaim.com | --- ### Foundation and the MAF Group: Scale and Diversification Majid Al Futtaim founded the group in 1992 with the opening of the Deira City Centre mall — the development that introduced the modern American-style mall concept to the UAE and established MAF's fundamental competitive position as the operator of the UAE's premier retail destinations. The Deira City Centre was the first mall in the Middle East to host a Carrefour hypermarket — the anchor tenant relationship that has become fundamental to MAF's mall ecosystem and that has driven Carrefour's expansion across the broader MAF territory. The MAF Group's subsequent growth — from a single mall in 1995 to a multi-country conglomerate with 29 malls, 13 hotels, 200+ real estate properties, the VOX Cinemas chain, THAT Concept Stores, and the sole UAE franchise for Carrefour — represents one of the Gulf region's most successful private sector diversification stories. The group's scale gives MAF Properties the financial backing and the captive retail and hospitality infrastructure to develop residential communities with integrated commercial vitality from day one. --- ### City Centre Malls: The Foundation of MAF Real Estate MAF's mall portfolio — the commercial real estate foundation that underpins the group's property revenues — includes: **Mirdif City Centre:** Mirdif City Centre is one of Dubai's largest and most comprehensively programmed regional malls, serving the Mirdif, Rashidiya, and International City residential communities with 430+ outlets, VOX Cinemas (18 screens), Magic Planet entertainment, and the full Carrefour hypermarket. For residential communities within its catchment, Mirdif City Centre provides a retail anchor that transforms the local living proposition. **City Centre Al Zahia (Sharjah):** City Centre Al Zahia, completed in phases in Sharjah's Al Zahia community, brought MAF's integrated retail and residential development concept to the Northern Emirate market — creating a destination mall embedded within a larger residential masterplan. **MAF's Regional Mall Network:** Across the UAE, Egypt, Bahrain, Jordan, and beyond, MAF operates City Centre malls that serve as the primary retail anchors for their host cities and communities — creating the commercial infrastructure that MAF's residential and mixed-use developments can leverage as existing amenity rather than project from scratch. --- ### Ghaf Woods: The UAE's First Residential Forest Ghaf Woods is Majid Al Futtaim's most ambitious and most discussed residential development — a 550-hectare (1,360-acre) master-planned community on Sheikh Mohammed bin Zayed Road (E311) in Dubailand that is designed around 3 million ghaf trees, transforming what would otherwise be a desert real estate development into a genuine forest community. **The Ghaf Tree and Its Significance:** The ghaf tree (Prosopis cineraria) is the UAE's national tree — a resilient, deep-rooted desert species that provides shade, supports biodiversity, and has been a traditional source of food, medicine, and shade for UAE communities for millennia. MAF's decision to build an entire master-planned community around ghaf trees is not merely a marketing exercise in sustainability — it is a commitment to transforming a desert environment into a functioning forest ecosystem that will provide measurable ecological benefit as the trees mature over the coming decades. The planting of 3 million ghaf trees within Ghaf Woods is one of the largest urban afforestation projects in the world — creating a forest canopy that will reduce ambient temperatures within the community (trees providing measurable urban cooling), improve air quality, support native wildlife, and create the kind of natural environment within a residential community that money can genuinely buy nowhere else in the UAE. **The Ghaf Woods Residential Product:** Ghaf Woods is being developed across multiple residential clusters — each a distinct neighbourhood within the overall forest masterplan: - **The Valley Villas and Townhouses:** Early phases delivering villa and townhouse product at accessible price points within the forest community - **Ghaf Woods Residences:** Apartment towers embedded within the forest environment, with green canopy views replacing the standard Dubai tower view of concrete and infrastructure - **Arista at Ghaf Woods:** Upmarket villa and townhouse clusters with enhanced specifications and larger plots within the forest masterplan - **Lacina Residences at Ghaf Woods:** Premium apartment product with full forest community amenity access **Community Amenities Within the Forest:** Ghaf Woods' amenity infrastructure is built around the forest experience: - Forest trail networks for walking, running, and cycling within the tree canopy - Community parks and picnic areas within the planted forest - Forest school — educational environment where children interact with the natural setting as part of their daily experience - Swimming pools and wellness facilities integrated within the forest landscape - Community retail and F&B serving the forest community without compromising the natural character **Climate Innovation:** MAF has committed to Ghaf Woods being a climate-responsive community — with tree planting timed to mature in synchrony with Dubai's urbanisation trajectory, creating a forest canopy that will progressively moderate the community's microclimate as the trees grow. The ambitious long-term environmental vision is backed by MAF's corporate sustainability commitments, including its Net Positive 2040 pledge. --- ### MAF's Hospitality Contribution to Dubai Real Estate MAF's hotel portfolio — operating under agreements with Kempinski, Marriott, Sheraton, Pullman, and other international brands, as well as the proprietary Mysk by Shaza brand — creates hospitality infrastructure within the developer's destinations that enhances the surrounding residential values. **Al Habtoor City (Collaboration):** MAF's co-development and hospitality operation at various Dubai destinations has created hospitality-adjacent residential addresses that benefit from the service, dining, and amenity ecosystem of integrated hotel operations. --- ### MAF's Sustainability Commitment and Net Positive 2040 Majid Al Futtaim has committed to reaching Net Positive status — contributing more to the environment than it takes — by 2040. This commitment, backed by the group's scale and resources, creates a development philosophy where sustainability is a core operating requirement rather than a marketing add-on. For Ghaf Woods specifically, the sustainability commitment translates into: - Green building specifications for all residential structures - Renewable energy targets for community power consumption - Water recycling and smart irrigation for the 3 million ghaf trees - Biodiversity monitoring and ecological management programmes --- ### Investment Case: Majid Al Futtaim Properties **Ghaf Woods Uniqueness Premium:** Ghaf Woods is the only forest residential community in the UAE — a fact that will not change for the foreseeable future, given the time required to establish a mature tree canopy at any scale. The community's natural environment differentiator creates a permanent premium relative to conventional master-planned communities. **MAF Group Financial Backing:** MAF's group turnover (AED 40+ billion annually) and its profitable mall and retail operations provide the financial foundation for residential development completion that smaller private developers cannot match. Purchasing in a MAF Properties community is purchasing with the confidence of one of the region's most financially stable development groups behind the project. **Environmental Premium Appeal:** As climate consciousness grows among UAE residents and international buyers, the premium placed on genuinely green, low-temperature, tree-rich communities will grow alongside. Ghaf Woods is positioned perfectly for this value shift — a community whose environmental character becomes more valuable rather than less as the trees mature and climate awareness deepens. Contact AiGents Realty for Ghaf Woods current availability across all residential clusters, MAF Properties community comparison, forest community investment analysis, and a Ghaf Woods unit selection consultation.