Dutco lands $427mln Majid Al Futtaim ultra-luxury project deal
Majid Al Futtaim, a leading shopping mall, communities, retail, and leisure pioneer in the region, today (April 8) announced Dutco Construction as the main contractor for the Serenity Mansions situated in the heart of its flagship lifestyle destination in Dubai - Tilal Al Ghaf.
The awarding of the AED1.57 billion ($427 million) contract marks the start of construction for the highly anticipated, ultra-luxury neighborhood within the Tilal Al Ghaf development.
The neighbourhood comprises 109 standalone mansions, embodying the epitome of unparalleled sophistication and refined living, harmoniously blending opulence and exclusivity to meet the tastes of the most discerning clientele, said the statement.
Serenity Mansions' innovative residential design was conceptualised in partnership with multi-award-winning architectural firms SAOTA and Nabil Gholam, and features interiors by BLINK Design, recognized for its work on the world's most luxurious hotels.
On the contract award, Majid Al Futtaim Properties CEO Ahmed El Shamy said: "Every detail of Serenity Mansions has been thoughtfully designed to redefine luxury living, raising the bar for sophistication and exclusivity."
"The appointment of Dutco Construction underscores our commitment to delivering homes that exemplify exceptional craftsmanship and reflect the tastes and aspirations of our customers. With their impeccable reputation and expertise, we are confident this development will exceed expectations and fulfil this vision," he noted.
As per the deal, Dutco will be responsible for the construction and completion of Serenity Mansions, including in-plot mansion construction, interior fit-out, in-plot and public realm landscaping, gatehouses, ancillary buildings and infrastructure work.
With over five decades of experience, the company has successfully executed large-scale developments, including residential units, hospitality landmarks, airports, mosques, and other complex infrastructure works.
Dutco Construction also boasts a well-established record for timely delivery and customer satisfaction, making it an ideal partner for Serenity Mansions.
Dutco Group CEO Nelson Gibb said: "Partnering with Majid Al Futtaim on Serenity Mansions is an exciting opportunity to redefine excellence in luxury living."
"We bring precision, attention to detail, and a commitment to quality to every aspect of this prestigious project. Our extensive experience in creating landmark developments will ensure Serenity Mansions sets new benchmarks for luxury and sophistication," he added. -TradeArabia News Service
Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (Syndigate.info).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
4 hours ago
- Zawya
Majid Al Futtaim and Huawei redefine on-the-go shopping with Carrefour smartwatch app
Dubai, United Arab Emirates: Majid Al Futtaim Retail, which owns the exclusive rights to operate Carrefour in the UAE, announces its partnership with Huawei, a global leader in technology and innovation, to launch the Carrefour Smartwatch App on the newly released HUAWEI WATCH 5, powered by HarmonyOS. This is a bold step in reimagining the retail experience for Carrefour customers. The collaboration will bring real-time services directly to customers' wrists, blending smart mobility, personalisation, and convenience. Designed for the mobile-first customer, this initiative introduces a new era of on-the-go retail, where users can access Carrefour's most essential features instantly through wearable technology. With HarmonyOS integration, the app delivers smooth, intuitive experiences that support a smarter, more connected lifestyle. The app will also allow users to track orders in real time, manage their SHARE rewards — Majid Al Futtaim's loyalty programme in the UAE — locate nearby Carrefour branches effortlessly, and receive personalised promotions along with the latest weekly deals, all conveniently from their watch, on the go. Günther Helm, Chief Executive Officer at Majid Al Futtaim – Retail, commented: 'With the global wearable technology market projected to more than double over the next five years [1], Majid Al Futtaim believes there is an opportunity to reshape retail around evolving lifestyles with convenience at the heart of how people live, connect and shop. As we continue building a retail foundation that is truly fit-for-future, the launch of the Carrefour Smartwatch App, in collaboration with Huawei, is an important milestone. It reflects our commitment to delivering highly personalised, seamless experiences, allowing customers to interact with Carrefour in smarter, more convenient ways, whether they're at home, on the move, or in-store. This is convenience redefined for a digital-first generation.' William Hu, Managing Director of Huawei Consumer Business Group for Middle East and Africa Eco-Development and Operation, added: 'As a global technology leader, Huawei is committed to expanding the capabilities of its ecosystem. By integrating Carrefour's services into our HarmonyOS-powered wearables, we're offering users across the region, smarter, more seamless daily experiences.' The Carrefour Smartwatch App is now available on the HUAWEI WATCH 5 and will soon roll out to other Huawei smartwatch variants, including the WATCH GT 5 and WATCH GT 4, ensuring wider reach across the region. -Ends- Note to the Editor: The legal name of this company is 'Majid Al Futtaim' and should not be shortened or replaced by an acronym to avoid confusion with another business entity. Disclaimer: All facts and figures in this release are accurate at the time of issuance. About Majid Al Futtaim Retail: Founded in 1992, Majid Al Futtaim is an Emirati-owned, diversified lifestyle conglomerate operating shopping malls, communities, retail and leisure outlets, across the Middle East, Africa and Asia. The Group employs 43,000 people, with owned assets valued at US$19 billion, and has the highest credit rating (BBB) among privately held corporates in the region. Majid Al Futtaim Retail holds the exclusive rights to operate Carrefour across 12 markets in the Middle East, Africa, and Asia, with a network of over 390 stores. It is also the owner and operator of HyperMax, a new grocery retail brand with 44 locations in Jordan and Oman. Additionally, the Group operates Supeco, its latest grocery retail concept—a low-cost hybrid model that combines a traditional supermarket with a wholesale warehouse—across 15 locations in Egypt, and Myli, the Group's health and beauty brand, operating in 12 stores across Asia and North Africa. To meet the growing needs of its diverse customer base and communities, Majid Al Futtaim Retail offers omnichannel customer experiences tailored to the needs of the modern consumer. Through its innovative physical and digital customer services, Majid Al Futtaim Retail provides access to an unrivalled choice of quality products, at unbeatable value for over 700,000 customers it serves daily. Aligning with the Group's commitment to support local economies, local producers and suppliers, Majid Al Futtaim Retail resources over 80 percent of its products from the region. Please follow us on About HUAWEI AppGallery - Top 3 App Marketplaces Globally AppGallery is HUAWEI's official app distribution platform and it is a smart and innovative ecosystem that allows developers to create unique experiences for consumers. HUAWEI's unique HMS Core allows apps to be integrated across different devices, delivering more convenience and a smoother experience. HUAWEI's vision is to make AppGallery an open, innovative app distribution platform that is accessible to consumers, and at the same time, strictly protects users' privacy and security while providing them with a unique and smart experience. Being among the top 3 global app marketplaces, AppGallery offers a wide variety of global and local apps across 18 categories, including navigation & transport, news, social media, and others. AppGallery is available in more than 170 countries and regions with over 580 million monthly active users. HUAWEI has partnered with 6 million registered developers across the globe. For more information, kindly contact: Farah Talaat Senior Account Executive, Memac Ogilvy [1] Wearable Technology Market Size & Industry Report 2032
Khaleej Times
2 days ago
- Khaleej Times
Dubai: Majid Al Futtaim says business as usual despite changes in parent company
The Dubai-based conglomerate Majid Al Futtaim (MAF) Holding on Tuesday said the recent updates at its parent company 'do not affect the operations or governance' of the company. The Financial Times earlier reported that Dubai has set up a special judicial committee to restructure the board of the MAF parent company Majid Al Futtaim Capital for smooth succession after the death of the group's founder Majid Al Futtaim. 'Recent updates at our parent company, Majid Al Futtaim Capital, reflect a shareholder-led effort to evolve governance in line with the long-term interests of the Group. These changes do not affect the operations or governance of Majid Al Futtaim Holding. Majid Al Futtaim continues to operate under an independent board and strong oversight,' the company said in a statement to Khaleej Times on Tuesday. 'Our focus remains on delivering sustainable growth across our core businesses to drive economic prosperity in the markets in which we operate,' said the statement. Majid Al Futtaim is one of the largest family-owned businesses in the UAE and region with interests in retail, hospitality, real estate, entertainment, and facility management among others. It owns 29 malls and welcomes more than 178 million customers per year. Some of its popular brands are Mall of the Emirates, City Centre, Matajer and others. Its hospitality portfolio consists of 7 hotels including Kempinski and Sheraton Mall of the Emirates, Pullman City Centre Deira and others. It employs thousands of people across its diverse portfolio in many countries. Moreover, Dubai and UAE have been pushing family-owned businesses to plan succession for smooth transition and operation of businesses. In Dubai and the wider Middle East, many families face their first intergenerational wealth transfer. They will have to navigate this transition against a backdrop of evolving social norms, managing both Sharia and non-Sharia law as well as international inheritance and tax laws. According to wealth analytics firm Kidbrooke, wealthy families across the Middle East will pass Dh3.67 trillion ($1 trillion) to the next generation during the coming decade. In Dubai, family businesses are synonymous with economic stability and growth. Up to 90 per cent of private companies in the UAE are family businesses, employing more than 70 per cent of the private sector's workforce and contributing around 40 per cent to the national GDP. In 2021, Emirati billionaire Majid Al Futtaim passed away, establishing a group with global recognition. Majid Al Futtaim Holding had announced hiring 3,000 UAE citizens to support the Emiratisation efforts of the government. 'Majid Al Futtaim remains a privately owned and independently operated Emirati company with a clear strategy, strong performance, and stable governance,' the company said in a statement.
Web Release
2 days ago
- Web Release
Dutco, Sweid & Sweid Launch Dubai's Largest Privately-Owned Logistics Park
Dutco and Sweid & Sweid have announced the launch of Terralogix — the emirate's largest privately-owned logistics park, in a move that reinforces Dubai's ambitions to become one of the world's top five Grade-A logistics hubs. Located in Warsan, Northern Dubai, the 3.3 million square foot development is designed to serve as a critical node in Dubai's supply chain infrastructure. Maher Sweid, Founder and Managing Partner of Sweid & Sweid commented, 'Terralogix will be developed by Dutco and Sweid & Sweid — two UAE-based firms with strong heritage and established track records. The Dutco Group brings decades of expertise across many sectors including construction, hospitality, real estate, and oil and gas, while Sweid & Sweid is known for developing high quality, institutional-grade real estate assets. Together, we will be delivering Terralogix as a landmark project to spearhead the evolution of Dubai's industrial sector.' Terralogix stands out for both its location and adaptability. As one of the few large-scale logistics developments in Northern Dubai, it provides access to areas underserved by other logistics facilities largely concentrated in Southern Dubai. The park's modular design and flexible leasing model allow tenants to scale, expand, or custom-build their facilities to meet their exact requirements. Phase One is already underway, and scheduled for completion in the third quarter of 2026. Nelson Gibb, CEO of Dutco Group commented, 'As the Dubai Economic Agenda D33 accelerates toward its target of doubling the city's economy by 2033, logistics and trade sit at the heart of that vision. The project brings meaningful new capacity to a sector under pressure from surging demand and limited supply. With direct connectivity to major highways and immediate access to airports and seaports, Terralogix is well positioned to support businesses operating across the UAE and the wider region.' Pre-leasing at Terralogix is now open. For more information, visit
