Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, announced plans to develop an all new, mixed-use community in Dubai, at Cityscape Global 2017. The landmark community is set to become the company’s flagship lifestyle destination in the emirate by offering an unparalleled integrated living experience to both residents and visitors.
The landmark will comprise housing facilities in addition to retail, leisure and entertainment facilities. Majid Al Futtaim is currently in talks with leading global and regional contractors with plans to unveil the master plan in in H1 2018. The project is expected to be funded in line with the company’s prudent financial management and consistent with its BBB credit rating levels.
At the event, Majid Al Futtaim also announced a number of strategic updates to existing projects across the region. These include Oman’s Al Mouj Muscat which wiill soon launch Marsa Plaza, a vibrant and diverse platform for performing artists, as well as a public space that draws people together, creating strong social bonds at the neighbourhood. The platform will also feature two new F&B outlets developed at the edge of the Plaza, in addition to the existing F&B offerings at the Walk, to create a sense of a traditional town square, offering a continuous animated frontage on all four sides.
The community will also witness the launch of a new Community Hub precinct expected to be complete in 2019 that will feature a Community Hub Pavilion, kindergarten and a mosque situated in the Ghadeer District within the master-planned community. Expected to be complete in 2019.
The community will soon be home to two new luxury hotels – the four-star Mysk by Shaza, Al Mouj and five-star Kempinski Hotel Muscat in Q4 2017.
Al Mouj Muscat released the first phase of Zunairah – set on the beachfront, with a collection of 29 luxury beachfront villas.
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