Majid Al Futtaim develops destinations that bring together practical spaces and engaging experiences, from shopping and leisure centres to business parks and mixed-use communities. In Egypt, its portfolio includes established names such as Mall of Egypt and City Centre Almaza, alongside its expansion into workspaces through Junction and its announced residential development partnership with MIDAR.
Understanding Majid Al Futtaim projects starts with recognising what each destination offers. Buying an office in a business park differs from leasing a shop in a shopping centre, just as both differ from choosing a home. A useful comparison begins with the intended use, followed by location, space, services and total cost.
About Majid Al Futtaim
Majid Al Futtaim operates across interconnected sectors, including real estate, shopping, leisure and hospitality. Its property development approach brings multiple activities together, connecting buildings with supporting services, shared spaces and everyday conveniences.
This approach is evident across Majid Al Futtaim’s projects in Egypt. Its shopping centres combine retail, dining and entertainment, while Junction introduces a business destination that connects offices with retail and hospitality. The announced residential partnership with MIDAR adds a new direction to the company’s Egyptian portfolio.
Majid Al Futtaim’s History
Majid Al Futtaim was founded in 1992 by Emirati businessman Majid Al Futtaim. The group expanded into shopping centre development and operations, alongside communities, hospitality, retail and leisure.
In Egypt, the group became associated with major shopping destinations, including City Centre Maadi, City Centre Alexandria, Mall of Egypt and City Centre Almaza. It subsequently broadened its local development activity with the launch of Junction in April 2025, its first business park in the country.
In June 2026, the group announced the start of enabling works at Junction. That month, it also announced an agreement with MIDAR to develop a mixed-use destination within Mada City in New Cairo. Together, these milestones mark a broader Egyptian portfolio encompassing business spaces and planned residential development.
Majid Al Futtaim Projects in Egypt
Majid Al Futtaim’s development portfolio includes operating shopping and leisure destinations, business developments and announced projects. These categories serve different purposes, and inclusion in the portfolio does not automatically mean that individual spaces are available for purchase.
Junction
Junction is located next to Mall of Egypt in West Cairo, bringing together offices, retail, dining and hospitality within a mixed-use business park. Its announced built-up area is approximately 99,000 square metres, with eight office buildings arranged to connect workspaces with outdoor areas and supporting services.
Announced components include flexible offices starting from 65 square metres, a hotel associated with the 25hours brand, parking and shared spaces. A planned direct pedestrian connection to Mall of Egypt adds convenient access to shopping and dining near the workplace. Enabling works were announced in June 2026, so buyers should confirm the construction status and contractual handover date for their chosen building and unit.
Mall of Egypt
Mall of Egypt is located on Al Wahat Road in 6th of October City, combining shopping, dining and entertainment in one destination. It is a prominent asset within Majid Al Futtaim’s Egyptian portfolio and an important neighbouring destination for Junction.
The property offering here centres on commercial premises for retail, services and dining rather than residential units. Requirements vary according to the activity, frontage, fit-out and operating conditions. Assessing a business opportunity within Mall of Egypt therefore begins with confirming availability and leasing terms, rather than assuming that shops are offered for ownership.
City Centre Almaza
City Centre Almaza brings shopping, dining and entertainment together in Cairo’s Almaza area. It follows a shopping centre model designed to accommodate different needs within a single destination, giving visitors reasons to stay beyond an individual purchase.
For businesses, the suitability of a space depends on its position within the centre, permitted activity, fit-out requirements and operating conditions. These considerations differ from those involved in buying an office. Visitor circulation, shopfront visibility and neighbouring businesses become central to the assessment, alongside financial and contractual commitments.
City Centre Maadi
City Centre Maadi is part of Majid Al Futtaim’s shopping and services portfolio in Cairo. It brings commercial activities and everyday needs together within a destination used by visitors for a variety of purposes.
The centre illustrates the group’s experience in developing and operating retail destinations. Businesses considering space within it should assess permitted activities, availability, fit-out costs and operating expenses. Terms applicable to another shopping centre should not be assumed to apply here.
City Centre Alexandria
City Centre Alexandria extends Majid Al Futtaim’s shopping centre presence beyond Cairo. The destination combines shopping, dining and services tailored to its commercial setting and visitors.
Assessing commercial premises here involves considering the business activity, unit size, frontage and position within the centre. Comparing a space with one in Cairo solely by floor area would overlook important differences in the local market, contractual terms and operating requirements.
Mada City Development with MIDAR
In June 2026, Majid Al Futtaim and MIDAR announced an agreement to develop a mixed-use destination within Mada City in New Cairo, covering more than 550 feddans. The announced concept includes residential, business, service, retail, entertainment and hospitality components, with development planned in phases.
The agreement marks Majid Al Futtaim’s first announced residential development in Egypt, introducing a new category to its local portfolio. However, the announcement itself is not a sales launch. Property types, unit sizes, prices and contractual handover dates depend on the details of subsequent releases.
Majid Al Futtaim and Al-Futtaim Group
Despite their similar names, Majid Al Futtaim and Al-Futtaim Group are separate businesses. Understanding the distinction helps buyers identify the correct developer, search for properties and obtain relevant sales and service information.
Majid Al Futtaim’s portfolio includes Mall of Egypt, Junction and the City Centre destinations discussed above. Cairo Festival City and Cairo Festival City Mall belong to Al-Futtaim Group’s portfolio. When searching for “Al Futtaim real estate,” using the full developer name or a specific project name helps avoid confusion.
Buying and Leasing
The transaction model across Majid Al Futtaim properties depends on the asset and the individual space. Offices are offered for sale at Junction, while premises within shopping centres require confirmation of the applicable commercial arrangement. A shop’s presence in a mall does not establish that it is available to purchase.
Buying and leasing involve different commitments, costs and usage conditions. An office buyer should review ownership terms, handover specifications, maintenance charges and resale provisions. A retail tenant needs to understand the lease term, rent increases, permitted fit-out works and operating expenses. Likewise, a brand trading within a development is not automatically a development partner.
Majid Al Futtaim’s Objectives
Majid Al Futtaim’s real estate objectives focus on destination development and the experience of the people using its properties. They include:
- Creating connected destinations: Bringing different activities together through coordinated planning.
- Improving everyday experiences: Paying attention to access, services and shared spaces.
- Broadening property offerings: Expanding into business destinations and communities alongside shopping centres.
- Supporting responsible development: Incorporating sustainability and resource efficiency where appropriate to each project.
These objectives describe the group’s direction. Their delivery should be assessed through the completed components and actual status of each development.
Majid Al Futtaim’s Vision
Majid Al Futtaim’s vision centres on creating destinations that connect everyday experiences, whether people are shopping, working or staying. In real estate, this means approaching a place as an environment for activity and interaction, alongside its function as a building or property.
What Distinguishes Majid Al Futtaim?
Several characteristics provide useful starting points when evaluating the group’s property portfolio:
- A range of destinations: Covering shopping, business and mixed-use development.
- Operational experience: Built through its shopping centre portfolio, while service standards should be assessed individually for each asset.
- Workplace convenience: Illustrated by Junction’s planned connection to Mall of Egypt.
- Attention to outdoor spaces and circulation: Reflected in Junction’s walkways and shared areas.
- A focus on building efficiency: Including Junction’s target of achieving LEED Gold certification, which should be distinguished from certification already awarded.
The suitability of any development depends on the buyer’s or tenant’s needs. These characteristics do not guarantee investment returns or occupancy.
Services Across Majid Al Futtaim Developments
Services at Majid Al Futtaim projects vary according to the destination. Shopping centres focus on retail, dining, entertainment, access and parking, while business parks address the needs of companies, employees and visitors.
At Junction, planned components include workspaces, outdoor areas, dining, retail and hospitality, alongside access technology, connectivity and electric vehicle charging. Availability should be checked against the building’s handover status rather than assuming that every element of the master plan operates from launch.
The presence of a facility also differs from the right to use it. Hotel amenities or coworking spaces may carry separate conditions and charges, and their services should not be assumed to be included in an office purchase.
Majid Al Futtaim Property Prices
Majid Al Futtaim property prices depend on the product offered for sale, its size, position, handover specifications and the date of the offer. For offices, layout efficiency, floor level, outlook and technical provisions also influence the comparison, alongside the total purchase price.
There is no single starting price that represents the group’s entire portfolio. Buying an office involves a different cost structure from leasing a shop or restaurant space. To assess a Junction offer, buyers should identify the building, unit number, area, handover specifications, total price and additional charges, while distinguishing developer sales from resale transactions.
Majid Al Futtaim Payment Plans
Payment plans for Majid Al Futtaim properties depend on the product, release and offer applicable at the time of purchase. Terms available for one development should not be extended to the rest of the portfolio.
A comparison should cover reservation fees, down payments, instalment dates, additional payments, maintenance charges and amounts due at handover. Leasing involves different obligations, including rent, security deposits, increases, fit-out costs and service charges. Keeping the two models separate makes it easier to calculate the cost of the intended use.
Majid Al Futtaim Partners
Majid Al Futtaim’s property partnerships relate to specific roles and developments. Examples include:
- MIDAR: The agreement to develop a mixed-use destination within Mada City in New Cairo.
- 25hours, part of Ennismore: The brand associated with the announced hotel component at Junction.
A development partner has a different role from a hotel operator or retail tenant. Signing an agreement also does not establish that a project has opened or that all its components are operational.
Frequently Asked Questions
When was Majid Al Futtaim founded?
Majid Al Futtaim was founded in 1992. This is separate from the establishment dates of its subsidiaries and the opening dates of individual developments.
What is the difference between Majid Al Futtaim and Al-Futtaim Group?
They are separate businesses. Mall of Egypt is part of Majid Al Futtaim’s portfolio, while Cairo Festival City is associated with Al-Futtaim Group.
What are Majid Al Futtaim’s main projects in Egypt?
They include Mall of Egypt, City Centre Almaza, City Centre Maadi and City Centre Alexandria, alongside Junction and the announced development with MIDAR within Mada City.
Is Junction a shopping mall or a business park?
Junction is a mixed-use business park next to Mall of Egypt, incorporating offices, retail, dining and hospitality components.
How can I find current prices and payment plans?
Choose the development, property type, required size and budget, then request an updated offer covering the price, additional charges, payment schedule and handover specifications.
