Latest news with #MajidAlFuttaimProperties
Mid East Info
21-05-2025
- Business
- Mid East Info
MAJID AL FUTTAIM UNVEILS CAPRIA, PHASE THREE OF GHAF WOODS, AND ACHIEVES LEED PLATINUM FOR ITS NEWLY OPENED SALES & EXPERIENCE CENTRE
Capria introduces the Wellness Community and Tranquillity Collection, redefining forest living with a focus on holistic well-being, sustainability, and modern luxury. The newly opened Ghaf Woods Sales & Experience Centre, awarded the LEED Platinum certification, sets a regional benchmark for sustainable design, offering an immersive experience of the development through AR/VR smart home demos and interactive showcases. Dubai, UAE, May, 2025: Majid Al Futtaim, a leading pioneer in shopping malls, communities, retail, and leisure across the Middle East, Africa, and Central Asia, today announced a major milestone at its flagship forest living community, Ghaf Woods with the launch of Capria, the development's third phase. In addition, it has achieved the LEED Platinum certification for its newly opened Ghaf Woods Sales and Experience Centre. Located in the heart of Dubai, Ghaf Woods redefines urban living by blending contemporary architecture with an immersive, forest-inspired environment rooted in sustainable design principles. Capria introduces the Wellness Community and Tranquillity Collection, a premium residential enclaves designed around holistic wellbeing and mindful living. Tailored for families, wellness seekers, and fitness enthusiasts, this phase integrates biophilic and salutogenic design, WELL residential concepts, spa-style pools, wellness gardens, retreat zones, and an exclusive clubhouse. Homeowners can select from two refined interior palettes, Radiance (light and airy) or Twilight (warm and bold). The Tranquillity Collection offers a nature-immersed experience, blending the privacy of suburban living with the conveniences of city life. Ahmed El Shamy, CEO of Majid Al Futtaim Properties, said: 'Ghaf Woods represents a bold vision for the future of residential living, where nature and modernity coexist harmoniously. With Capria, we are reimagining how communities can integrate wellness into everyday living. The Wellness Community and Tranquillity Collection continues to build on our promise to redefine forest living in Dubai, offering a holistic lifestyle that nurtures both mind and body while respecting the environment.' The newly opened Ghaf Woods Sales & Experience Centre has been awarded LEED Platinum certification, the highest distinction under the world's most widely used green building rating system. This achievement reflects Majid Al Futtaim's steadfast commitment to innovation-led sustainability in real estate. The Centre offers visitors an immersive journey through the community's vision, featuring interactive AR/VR-enabled smart home demonstrations, a 3D projection room, and spatially dynamic zones including a reception lobby, multimedia room, meeting spaces, and a café. Spanning 7,556 square feet, the Ghaf Woods Sales & Experience Centre offers a dynamic, immersive introduction to the forest living lifestyle. Architecturally inspired by nature, the centre features organic, biophilic design and operates as a Net Positive Energy facility, achieving 144.5% energy savings through car park solar PV, high-performance insulation, reflective roofing, smart lighting, energy sub-metering, and an efficient HVAC setup. Designed for occupant wellbeing, over 80% of regularly occupied spaces receive ample daylight and offer direct views of the outdoors, reinforcing the centre's alignment with Ghaf Woods' forest-first philosophy. 'The LEED Platinum certification is a powerful testament to our vision for environmentally responsible communities and innovation in the built environment. The Sales & Experience Centre demonstrates how sustainable design can be seamlessly integrated into the customer journey, delivering energy efficiency, occupant well-being, and immersive technology in a single, future-forward space.' Spanning 738,000 square metres off the Sheikh Mohamed bin Zayed Highway, near Global Village, Ghaf Woods will feature over 7,000 premium units, including one, two, and three-bedroom residences and penthouses. The community will be home to a thriving forest of 35,000 climate-suited trees, including the iconic Ghaf tree, playing a crucial role in reducing soil erosion, conserving water, and cooling the environment—ensuring temperatures remain up to five degrees Celsius lower than the city's average. Prioritizing wellness, Ghaf Woods promises residents eight kilometres of walking trails, a three-and-a-half-kilometre biking loop, resort-style pools, fitness facilities, family-friendly gardens, and a yoga pavilion. The community will also be home to Majid Al Futtaim's signature multi-purpose hub, Distrikt, which features a curated selection of retail and farm-to-table dining experiences. About Tilal Al Ghaf: Tilal Al Ghaf is Majid Al Futtaim's flagship mixed-use community in Dubai, providing a contemporary and luxurious resort-like living experience. Nestled in the heart of new Dubai, with a stunning lagoon and white sandy beaches at its heart, Tilal Al Ghaf balances luxury resort-style living with a fresh urban feeling. With its exceptional amenities, unique architectural design and unparalleled attention to detail, every home in Tilal Al Ghaf is created with the customer in mind. Staying true to Majid Al Futtaim's commitment to sustainable design and living, the community features walkable neighbourhoods connected by a meticulously crafted network of pathways, cycling tracks and jogging trails. A world of culinary experiences, signature Majid Al Futtaim retail selection and a world-renowned school is never more than a short stroll away. About Majid Al Futtaim: Founded in 1992, Majid Al Futtaim is an Emirati-owned, diversified lifestyle conglomerate operating across the Middle East, Africa and Asia. The Group started from one man's vision to transform the face of shopping, entertainment, and leisure to 'create great moments for everyone, every day'. It has since grown into one of the region's most respected businesses, employing more than 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 owns and operates 29 shopping malls, seven hotels and five mixed-use communities, welcoming more than 600 million customers through its doors every year. It is the proud owner of the flagship Mall of the Emirates, Mall of Egypt, and Mall of Oman with the iconic City Centre shopping malls rounding out its portfolio across the region. As the developer of choice for the region, Majid Al Futtaim is the creator of mixed-use communities including Ghaf Woods and Tilal Al Ghaf in Dubai and Al Mouj in Muscat. Majid Al Futtaim holds the exclusive rights to operate Carrefour across 12 markets in the Middle East, Africa, and Asia, with a network of over 390 stores. In Egypt, it also owns and operates Supeco, a low-cost hybrid grocery retail concept while HyperMax is its newest grocery retail brand recently launched in Jordan and Oman. The Group operates more than 600 VOX Cinemas screens as well as a portfolio of world-class leisure and entertainment experiences across the region. These include two ski locations in Dubai and Cairo, two snow parks in Abu Dhabi and Oman, as well as family entertainment centres such as Magic Planet, Little Explorers, Activate, Yalla! Bowling, Dreamscape and IFLY. Majid Al Futtaim partners with world-class fashion, home, specialty retail and beauty brands, operating over 90 stores across the GCC and 27 e-commerce platforms. Its portfolio includes lululemon, LEGO, Crate and Barrel, Shiseido and THAT, a Majid Al Futtaim multi-brand concept store and app. These offerings are powered by the UAE's fastest growing loyalty programme SHARE, which offers customers a more personalised and data driven experience.
Zawya
07-05-2025
- Business
- Zawya
UAE: Arada completes acquisition of Sydney-based contractor
UAE - Arada has acquired the New South Wales arm of Roberts Co, a leading Australian tier-one commercial construction company with a strong track record in delivering complex projects across a number of sectors, as the UAE-based master developer's expansion plans in Australia gather pace. The transaction includes an immediate $20 million (AED47 million) recapitalisation of Roberts Co (NSW) by Arada, securing the jobs of 120 direct employees and providing essential stability to another 600 employees across the construction supply chain in Sydney. The acquisition gives Arada greater control over the development of its future projects in Australia and also paves the way for Roberts Co's eventual expansion into new international markets including the UAE. Arada is prepared to invest up to $100 million on Roberts Co's expansion into new sectors and geographies, with the goal of building a global presence and targeting annual revenues of $1 billion by 2028, a statement said. Ahmed Alkhoshaibi, Group CEO of Arada, said: 'This acquisition reflects our strong belief in Roberts Co's people, projects, and performance, and will help us to deliver our future projects in Australia with greater control and cost efficiencies, as well as reduced risk. We will now invest significantly into the company in order to bring it to new markets and sectors, including the UAE, and look forward to delivering on our shared vision for high-quality, community-focused development.' Ridwaan Jadwat, Australia's Ambassador to the UAE, said: 'This acquisition highlights the growing depth of the Australia-UAE relationship, underpinned by the recently signed Comprehensive Economic Partnership Agreement. It is a strong example of how closer ties between our two nations are delivering tangible benefits to our communities, supporting sustainable development and fostering long-term economic growth.' Dr Fahad Obaid Altaffag, UAE Ambassador to Australia, said: "The acquisition of Roberts Co's New South Wales business by Arada demonstrates the UAE's commitment to strengthening economic ties with Australia, which aligns with the opportunities created through the Comprehensive Economic Partnership Agreement. This strategic move not only reinforces the strong economic partnership between our countries but also reflects our shared vision for enhancing people-to-people ties as well as for innovation. We look forward to seeing the positive impact this collaboration will have on local infrastructure, jobs, and the broader Australian economy.' The acquisition also ensures uninterrupted progress across four major construction projects – two schools, a residential project and a children's hospital – that are currently under way in Sydney, many of which are critical to the state's infrastructure. As part of the transition, key members of the Roberts Co leadership team, including Executive Chairman George Kostas – who previously served as CEO of Majid Al Futtaim Properties - will remain in their roles to ensure continuity and stability post the transaction. Founded in 2017 with a mission to 'build a better way', Roberts Co has delivered some of New South Wales' most important recent construction projects and has experience across the health, education, commercial, residential, hospitality, industrial, life sciences and defence sectors. Since establishing its first international office in Sydney in 2024, Arada has announced plans for $2.5 billion worth of development in Australia. These include major new communities in Sydney's inner-west, south-west and Hills Shire suburbs that will together deliver 2,500 much-needed homes to the Sydney market. Arada is on track to launch sales and construction at its first projects in Australia by the end of 2025. – TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
07-05-2025
- Business
- Trade Arabia
Arada completes acquisition of Sydney-based contractor
Arada has acquired the New South Wales arm of Roberts Co, a leading Australian tier-one commercial construction company with a strong track record in delivering complex projects across a number of sectors, as the UAE-based master developer's expansion plans in Australia gather pace. The transaction includes an immediate $20 million (AED47 million) recapitalisation of Roberts Co (NSW) by Arada, securing the jobs of 120 direct employees and providing essential stability to another 600 employees across the construction supply chain in Sydney. The acquisition gives Arada greater control over the development of its future projects in Australia and also paves the way for Roberts Co's eventual expansion into new international markets including the UAE. Arada is prepared to invest up to $100 million on Roberts Co's expansion into new sectors and geographies, with the goal of building a global presence and targeting annual revenues of $1 billion by 2028, a statement said. Ahmed Alkhoshaibi, Group CEO of Arada, said: 'This acquisition reflects our strong belief in Roberts Co's people, projects, and performance, and will help us to deliver our future projects in Australia with greater control and cost efficiencies, as well as reduced risk. We will now invest significantly into the company in order to bring it to new markets and sectors, including the UAE, and look forward to delivering on our shared vision for high-quality, community-focused development.' Ridwaan Jadwat, Australia's Ambassador to the UAE, said: 'This acquisition highlights the growing depth of the Australia-UAE relationship, underpinned by the recently signed Comprehensive Economic Partnership Agreement. It is a strong example of how closer ties between our two nations are delivering tangible benefits to our communities, supporting sustainable development and fostering long-term economic growth.' Dr Fahad Obaid Altaffag, UAE Ambassador to Australia, said: "The acquisition of Roberts Co's New South Wales business by Arada demonstrates the UAE's commitment to strengthening economic ties with Australia, which aligns with the opportunities created through the Comprehensive Economic Partnership Agreement. This strategic move not only reinforces the strong economic partnership between our countries but also reflects our shared vision for enhancing people-to-people ties as well as for innovation. We look forward to seeing the positive impact this collaboration will have on local infrastructure, jobs, and the broader Australian economy.' The acquisition also ensures uninterrupted progress across four major construction projects – two schools, a residential project and a children's hospital – that are currently under way in Sydney, many of which are critical to the state's infrastructure. As part of the transition, key members of the Roberts Co leadership team, including Executive Chairman George Kostas – who previously served as CEO of Majid Al Futtaim Properties - will remain in their roles to ensure continuity and stability post the transaction. Founded in 2017 with a mission to 'build a better way', Roberts Co has delivered some of New South Wales' most important recent construction projects and has experience across the health, education, commercial, residential, hospitality, industrial, life sciences and defence sectors. Since establishing its first international office in Sydney in 2024, Arada has announced plans for $2.5 billion worth of development in Australia. These include major new communities in Sydney's inner-west, south-west and Hills Shire suburbs that will together deliver 2,500 much-needed homes to the Sydney market.
CairoScene
17-04-2025
- Business
- CairoScene
Majid Al Futtaim to Launch Projects Worth SAR 19.5 Billion in Riyadh
One of these large-scale Riyadh projects is backed by SAR 15 billion to SAR 17.5 billion in investment. Majid Al Futtaim Properties has announced plans to invest up to SAR 19.5 billion in two new real estate projects in Riyadh, as part of the group's broader expansion in Saudi Arabia. According to CEO Ahmed El-Shamy, the larger of the two Riyadh-based developments will see investments ranging between SAR 15 and 17.5 billion, while the second, smaller-scale project is valued at approximately SAR 2 billion. Majid Al Futtaim currently operates several flagship properties in Egypt, including Mall of Egypt and City Centre Almaza, and has indicated plans to further scale its presence in the country. In the UAE, the group's existing portfolio continues to perform strongly, with its Dubai malls drawing approximately 3.8 million visitors per month, according to El-Shamy. These developments underscore Majid Al Futtaim's ongoing strategy to solidify its presence across the region through large-scale, consumer-driven projects.
Argaam
15-04-2025
- Business
- Argaam
Majid Al Futtaim Properties to launch SAR 17.5B project in Riyadh
Majid Al Futtaim Properties plans to develop a major mixed-use project in Riyadh, covering 850,000 square meters, with investments totaling SAR 17.5 billion, CEO Ahmed Al Shamy told Al Arabiya. The company finalized the full land acquisition after paying the final $100 million installment last year, Al Shamy said. The development will include residential, commercial, office, and entertainment components. Engineering designs are in progress, with the launch and construction scheduled to start early next year, he added. Al Shamy noted that Saudi Arabia's gross domestic product (GDP) now exceeds $1.5 trillion, twice that of the UAE, making it a strong and attractive market for long-term real estate investment.
