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Majid Al Futtaim Communities

A balance-sheet developer with two Dubai communities and a growing waiting list

See its 9 projects

Since 2003 · Dubai + London · Licence 601049 · RERA ORN 1219

At a glance

A balance-sheet developer with two Dubai communities and a growing waiting list

Majid Al Futtaim is one of the few Dubai developers whose parent group publishes audited accounts and holds investment-grade credit ratings.

Read our full verdict

The property business is a small part of a group that earned AED 35.9 billion in 2025, which gives it staying power most private developers lack. Its Dubai record is still short: Tilal Al Ghaf has delivered its first neighbourhoods (Elan, Harmony, Aura) and the larger villa phases (Alaya, Elysian Mansions, Lanai Islands) were due through 2026, while Ghaf Woods has not yet handed over a single home. Phases sell out quickly, usually within weeks, so most buyers end up in the resale market rather than buying from the developer. The main things to watch are delivery timing on the 2026 Tilal Al Ghaf handovers, where the company issued supply-chain notices to buyers in June 2026 while insisting schedules were unchanged, and the scale of what has been promised but not yet built at Ghaf Woods and the new Dubai South community.

Ayman Hoque

Reviewed by Ayman Hoque, Operations Manager, Live Dubai InternationalDubai Land Department broker card no. 55937 · Checked November 2026 · 27 sources

What Majid Al Futtaim does well

  • Investment-grade parent with published accounts: FY2025 revenue AED 35.9 billion, net profit AED 3.6 billion, net debt down 15% to AED 11.9 billion, net debt-to-equity 32%.
  • Real estate development revenue rose 33% in 2025 to AED 5.8 billion and a further 38% in the first half of 2026, so the residential business is funded and growing rather than reliant on buyer instalments alone.
  • Master-planned communities with amenities the group owns and operates itself, rather than single towers: Tilal Al Ghaf has a 70,000 sq m swimmable lagoon, and Ghaf Woods is planned with about 35,000 trees and its own mall.
All 5 points in full
  • Investment-grade parent with published accounts: FY2025 revenue AED 35.9 billion, net profit AED 3.6 billion, net debt down 15% to AED 11.9 billion, net debt-to-equity 32% (lowest in a decade).
  • Real estate development revenue rose 33% in 2025 to AED 5.8 billion and a further 38% in the first half of 2026, so the residential business is funded and growing rather than reliant on buyer instalments alone.
  • Master-planned communities with amenities the group owns and operates itself (malls, cinemas, beach clubs), rather than single towers: Tilal Al Ghaf has a 70,000 sq m swimmable lagoon, and Ghaf Woods is planned with about 35,000 trees and its own mall.
  • Phases sell out quickly: Elan phase three's 322 homes sold in 48 hours (2020); Ghaf Woods phase one (1,000 units) sold out by July 2024 and phase two (Lacina) by November 2024.
  • Major contractors appointed on fixed contracts before handover dates are promised: Innovo/ASGC and UNEC (AED 3 billion, January 2024), Dutco (AED 1.57 billion, April 2025), UNEC (AED 736 million, April 2025), Al Sahel (over AED 700 million, May 2026).

Before you buy, check

  • In June 2026 the company sent buyers in some Tilal Al Ghaf phases notices about regional logistics and supply-chain pressures following the conflict that began on 28 February 2026.
  • Ghaf Woods is large and early: more than 7,000 homes across eight phases to 2031, with the first handovers due in 2027 and nothing yet delivered.
  • Almost all current phases are sold out from the developer, so buying usually means paying a resale premium to a first buyer.
All 6 points in full
  • In June 2026 the company sent buyers in some Tilal Al Ghaf phases notices about regional logistics and supply-chain pressures following the conflict that began on 28 February 2026. It denied that handover dates had changed, but the 2026 deliveries (Alaya, Elysian Mansions, Lanai Islands, then Amara and Plagette 32 at the end of the year) should be checked against the DLD register before you rely on them.
  • Ghaf Woods is large and early: more than 7,000 homes across eight phases to 2031, with the first handovers due in 2027 and nothing yet delivered. Construction progress on the first clusters was 14% to 18% at the start of 2026 according to the DLD figures shown on a major portal.
  • Almost all current phases are sold out from the developer, so buying usually means paying a resale premium to a first buyer. Compare the launch price shown on portals with the asking price before you commit.
  • Handover dates on portals for the same project differ by up to a year (for example Elysian Mansions shows Q1 2025, Q4 2025 and 'mid-2026' in different places). Use the date written in the SPA, not a listing.
  • The group's wider commitments are very large: a development pipeline of over AED 100 billion, a AED 62 billion Dubai South community and a AED 5 billion Mall of the Emirates redevelopment. Management has a strong balance sheet, but the group does not publish per-community sales or delivery figures, so progress has to be checked project by project.
  • No commercial off-plan: the group keeps its retail (including the announced Ghaf Woods Mall) in its own asset-management arm, so there are no offices or shops to buy off-plan from this developer in Dubai.

Projects

Majid Al Futtaim projects you can buy

9 projects with a checked page, and 3 more the developer is selling without one yet. Starting prices are the developer’s published figures; we send today’s price list on request.

Cilia at Ghaf Woods by Majid Al FuttaimMajid Al Futtaim · Ghaf WoodsCilia at Ghaf WoodsFrom AED 1.44m≈ £293k · $392kPlan60/40HandoverQ4 2027Serra at Ghaf Woods by Majid Al FuttaimMajid Al Futtaim · Ghaf WoodsSerra at Ghaf WoodsFrom AED 1.2m≈ £244k · $327kPlan10/50/40HandoverQ3 2027Amara by Majid Al FuttaimMajid Al Futtaim · Tilal Al GhafSold out · resalesAmaraLaunched from AED 6.7m≈ £1.36m · $1.82mPlan10/50/40HandoverQ4 2026
See all 12 projects6 more with a checked page, 3 without a page yet, a table to compare them
Capria at Ghaf Woods by Majid Al FuttaimMajid Al Futtaim · Ghaf WoodsSold out · resalesCapria at Ghaf WoodsLaunched from AED 1.49m≈ £303k · $405kPlan10/50/40 or 20/40/40HandoverQ2 2029Distrikt at Ghaf Woods by Majid Al FuttaimMajid Al Futtaim · Ghaf WoodsSold out · resalesDistrikt at Ghaf WoodsLaunched from AED 1.54m≈ £313k · $418kPlan10/50/40HandoverQ3 2029Lacina at Ghaf Woods by Majid Al FuttaimMajid Al Futtaim · Ghaf WoodsSold out · resalesLacina at Ghaf WoodsLaunched from AED 1.3m≈ £265k · $354kPlan10/50/40HandoverQ4 2027Plagette 32 by Majid Al FuttaimMajid Al Futtaim · Tilal Al GhafSold out · resalesPlagette 32Launched from AED 7.8m≈ £1.59m · $2.12mPlan10/50/40HandoverQ4 2026Serenity Mansions by Majid Al FuttaimMajid Al Futtaim · Tilal Al GhafSold out · resalesSerenity MansionsLaunched from AED 27.11m≈ £5.52m · $7.38mPlan10/50/40HandoverQ4 2027Lanai Islands by Majid Al FuttaimMajid Al Futtaim · Tilal Al GhafSold out · resalesLanai IslandsLaunched from AED 65m≈ £13.24m · $17.7mPlan10/40/50HandoverSeptember 2026

Also selling, no page yet

3 projects: ask us for the details.

  • Lyra at Ghaf WoodsGhaf Woods, Wadi Al Safa 4 (Dubailand), next to Global Village · Plan: 50/50 · Handover: Q4 2029 · Selling now
  • Bo MondeTilal Al Ghaf, Dubailand, overlooking Lanai Islands · Plan: 10/55/35 · Handover: Q4 2027 · Sold out
  • Elysian MansionsTilal Al Ghaf, Dubailand, waterfront · Plan: 10/50/40 · Handover: Mid-2026 target stated by the developer in January 2024 · Sold out
Compare them in a table12 projects the developer is selling: area, plan, handover, bedrooms
Majid Al Futtaim Communities projects selling now: area, payment plan, handover date and bedrooms
Bedrooms
Lyra at Ghaf WoodsGhaf Woods, Wadi Al Safa 4 (Dubailand), next to Global Village50/50Q4 20291, 2
Distrikt at Ghaf WoodsGhaf Woods, Wadi Al Safa 4 (Dubailand)10/50/40Q3 20291, 2, 3
Capria (East and West) at Ghaf WoodsGhaf Woods, Wadi Al Safa 4 (Dubailand)10/50/40 or 20/40/40Q2 20291, 2, 3
Serra at Ghaf WoodsGhaf Woods, Wadi Al Safa 4 (Dubailand)10/50/40Q3 20271, 2, 3
Cilia at Ghaf WoodsGhaf Woods, Wadi Al Safa 4 (Dubailand)60/40Q4 20271, 2, 3
Lacina at Ghaf WoodsGhaf Woods, Wadi Al Safa 4 (Dubailand)10/50/40Q4 20271, 2, 3, 4 (penthouses)
Serenity MansionsTilal Al Ghaf, Dubailand (Hessa Street)10/50/40Q4 20275, 6, 7
Bo MondeTilal Al Ghaf, Dubailand, overlooking Lanai Islands10/55/35Q4 20276, 7
AmaraTilal Al Ghaf, Dubailand10/50/40Q4 20263, 4, 5
Plagette 32Tilal Al Ghaf, Dubailand, on Lagoon Al Ghaf10/50/40Q4 20264, 5
Elysian MansionsTilal Al Ghaf, Dubailand, waterfront10/50/40Mid-2026 target stated by the developer in January 20245, 6
Lanai IslandsTilal Al Ghaf, Dubailand, private islands in Lagoon Al Ghaf10/40/50September 20267, 8

Tap a column heading to sort. Dates as checked November 2026.

Track record

Does Majid Al Futtaim finish on time?

The group does not publish a delivered-homes total.

Promised against what happenedProject by project (6)
  1. ProjectElan, Tilal Al Ghaf
    PromisedLaunched January to September 2020; no public handover date
    What happenedComplete. Shown as 100% and 'Ready' on DLD-backed portal data; resale townhouses trade from about AED 3.5 million
  2. ProjectHarmony 1 to 3, Tilal Al Ghaf
    PromisedLaunched 2018 (first phase)
    What happenedComplete; 243 bungalows in Harmony 1 and 221 villas in Harmony 2 handed over
  3. ProjectAura, Tilal Al Ghaf
    PromisedLaunched November 2021, handover target Q3 2024
    What happenedDLD register showed 100% in October 2025; listed as ready and sold out
  4. ProjectAlaya, Tilal Al Ghaf (407 villas)
    PromisedLaunched November 2021; contractor UNEC appointed January 2024 for 'early 2026' handover; portal shows July 2026
    What happenedUnder construction at our check; the June 2026 supply-chain notices went to buyers in unnamed phases. Not yet confirmed complete
    In progress
  5. ProjectElysian Mansions, Tilal Al Ghaf (94 villas)
    PromisedContract January 2024 for 'mid-2026' handover
    What happened88% on the DLD register in January 2026; not confirmed handed over
  6. ProjectGhaf Woods phase one (Serra, Cilia; 1,000 units)
    PromisedLaunched June 2024, first handovers 'expected 2027'
    What happenedSerra 17.5% built in November 2025; handover shown as Q3 2027
    In progress
Projects they have finished4
ElanTilal Al Ghaf · TownhousesCompleted Not published
Harmony 1, 2 and 3Tilal Al Ghaf · VillasCompleted Not published
AuraTilal Al Ghaf · VillasCompleted 2025
Mall of the Emirates and City Centre mallsAl Barsha and others · RetailCompleted 2005 onwards

Payment plans

Majid Al Futtaim payment plans

A typical Majid Al Futtaim plan

On bookingDuring constructionOn handover

On a home priced at AED 1,000,000 that is AED 100,000 on booking, AED 500,000 during construction, AED 400,000 on handover. Government registration fees are paid on top.

Payment plansMostly 10% on booking, 50% during construction and 40% on handover.

Mostly 10% on booking, 50% during construction and 40% on handover (Serra, Lacina, Distrikt, Serenity Mansions, Amara, Plagette 32). Variants seen: 60/40 (Cilia), 50/50 (Lyra), 10/55/35 (Bo Monde), 10/40/50 (Lanai Islands) and a second 20/40/40 option at Capria.

Post-handover plansEarlier Tilal Al Ghaf phases were sold on 10/45/5/40 with 40% after handover.

Earlier Tilal Al Ghaf phases (Alaya, Aura) were sold on 10/45/5/40 with 40% after handover. None of the current Ghaf Woods phases are shown with a post-handover element.

Golden VisaEvery current project has entry prices above the AED 2 million property threshold except the 1-bed apartments at Ghaf Woods, where you would need a 2-bed or to combine purchases.

Every current project has entry prices above the AED 2 million property threshold except the 1-bed apartments at Ghaf Woods (from about AED 1.2 million to 1.5 million), where you would need a 2-bed or to combine purchases. Eligibility rules are set by the UAE government, not the developer.

Mortgages on off-planNot published by the developer. UAE banks generally lend on off-plan from established developers at lower loan-to-value than on completed homes; check with a lender before you reserve.

Not published by the developer. UAE banks generally lend on off-plan from established developers at lower loan-to-value than on completed homes; check with a lender before you reserve.

Service chargesNot published for the current phases. Tilal Al Ghaf and Ghaf Woods are gated communities with large landscaped areas, pools and a beach club, so budget for charges at the higher end for villa communities and confirm the RERA-approved figure before buying.

Not published for the current phases. Tilal Al Ghaf and Ghaf Woods are gated communities with large landscaped areas, pools and (at Plagette 32) a beach club, so budget for charges at the higher end for villa communities and confirm the RERA-approved figure before buying.

Buyer protectionDubai off-plan sales are paid into a DLD-regulated escrow account, released against construction progress; the DLD register shows progress for each project.

Dubai off-plan sales are paid into a DLD-regulated escrow account, released against construction progress; the DLD register shows progress for each project. The group is a BBB-rated, family-owned conglomerate with AED 71 billion of assets at December 2025, which reduces but does not remove completion risk.

Is Majid Al Futtaim right for you?

This developer suits buyers who want a large, amenity-led community from a well-capitalised owner and are prepared either to join a launch waiting list or to pay a resale premium, since phases sell out within weeks.

Talk to an adviseror send an enquiry

More about Majid Al Futtaim

Prices and rental returnsThe developer does not publish resale or rental data.
Lanai Islands (8-bed mansion)
AED 103,000,000/sq ftNot published yield
Cilia at Ghaf Woods (1-bed, 739 sq ft)
AED 1,150,000/sq ftNot published yield
Amara (4-bed twin villa)
AED 7,600,000/sq ftNot published yield
Plagette 32 (5-bed club villa)
AED 10,900,000/sq ftNot published yield
See the full figures

The developer does not publish resale or rental data. The only market evidence we read comes from portal transaction records, which should be treated as indicative: at Lanai Islands a 7-bed sold for AED 64,092,000 and an 8-bed for AED 103,000,000 in November 2025 against a 7-bed launch price of about AED 65 million; at Cilia a 1-bed resold at AED 1,150,000 (739 sq ft) against a AED 1,440,000 launch price, and a 3-bed at AED 3,336,000 (1,852 sq ft); at Amara a 4-bed sold for AED 7,600,000 in July 2026 against a AED 6,700,000 launch price. Portal pages for the same project often show different 'from' prices, so none of these should be read as a verified premium or discount without checking the DLD transaction.

CommunityPrice per sq ftChangeGross yield
Lanai Islands (8-bed mansion)AED 103,000,000 total (November 2025); about AED 3,400 psf on 30,213 sq ftNot published (no 8-bed launch price found)Not published
Cilia at Ghaf Woods (1-bed, 739 sq ft)AED 1,150,000 (about AED 1,560 psf), date not shownBelow the AED 1,440,000 launch price shown on the same pageNot published
Amara (4-bed twin villa)AED 7,600,000 (July 2026)About 13% above the AED 6,700,000 launch priceNot published
Plagette 32 (5-bed club villa)AED 10,900,000 (May 2025)Not published (5-bed launch price not stated)Not published

Asking prices, gross yields, as checked November 2026. Work out a net return

Questions about Majid Al Futtaim8 answered from this page’s facts
Is Majid Al Futtaim a reliable developer?

Majid Al Futtaim is one of the few Dubai developers whose parent group publishes audited accounts and holds investment-grade credit ratings (BBB from S&P and Fitch, reaffirmed with the FY2025 results).

Who owns Majid Al Futtaim?

Private, family-owned Majid Al Futtaim Holding, Dubai. Founder died 2021; chaired by Fadel Abdulbaqi Al Ali, group CEO Ahmed Galal Ismail.

Is Majid Al Futtaim the same as Al-Futtaim?

No. Majid Al Futtaim Holding was founded in 1992 when Majid Al Futtaim left the family business run by his cousin; the split was finalised in 2000. Al-Futtaim Group is a separate company (cars, Dubai Festival City).

Can I still buy a Tilal Al Ghaf villa from the developer?

At our check every Tilal Al Ghaf phase was shown as sold out from the developer. Homes are available on resale through licensed brokers; the premium over launch varies by phase.

When will Ghaf Woods be finished?

The developer has said the community will be rolled out in eight phases to 2031, with the first handovers expected in 2027. The first clusters (Serra, Cilia, Lacina) are shown with Q3 and Q4 2027 handovers; Capria is Q2 2029, Distrikt Q3 2029 and Lyra Q4 2029.

Were Tilal Al Ghaf handovers delayed by the 2026 conflict?

The company says no. In June 2026 it confirmed that it sent buyers in some phases notices about regional supply-chain pressures, but stated that these were standard SPA notifications and that construction remained on schedule. Check the current DLD progress figure for your phase.

Does Majid Al Futtaim sell offices or shops off-plan?

Not in Dubai. Retail at Tilal Al Ghaf and the announced Ghaf Woods Mall is kept and operated by the group's own malls business.

How financially secure is the developer?

The parent group publishes audited results and holds BBB ratings from S&P and Fitch. FY2025 revenue was AED 35.9 billion with net profit of AED 3.6 billion and net debt of AED 11.9 billion. Off-plan payments still go into DLD escrow regardless.

Everything elseHistory, company facts, sources

Majid Al Futtaim’s story

  1. 1992Majid Al Futtaim founds the group, which goes on to build Mall of the Emirates (2005) and the City Centre malls.
  2. April 2018Tilal Al Ghaf announced: a AED 14 billion, 3 million sq m community in Dubailand with a 70,000 sq m lagoon; the first neighbourhoods, Serenity and Harmony, go on sale.
  3. 2020Elan townhouses sell out: the first release three weeks after launch (February) and phase three's 322 homes within 48 hours (September).
  4. November 2021Alaya launched (407 villas); Aura follows in the same month.
  5. October 2022Lanai Island announced: 13 mansions on a private island in the lagoon, designed by SAOTA with Kelly Hoppen interiors.
  6. November 2023 to January 2024Plagette 32 (32 waterfront homes with a Sunset Hospitality beach club) and Amara (116 twin villas) launched; ground broken on Alaya and Elysian Mansions with AED 3 billion of contracts.
  7. June 2024Ghaf Woods launched: 738,000 sq m near Global Village, more than 7,000 apartments in eight phases to 2031. Phase one (1,000 units) sold out by July; phase two, Lacina, by November.
  8. April 2025Dutco appointed on a AED 1.57 billion contract for 109 Serenity Mansions; UNEC on AED 736 million for Plagette 32 and Amara.
  9. May 2025Capria, phase three of Ghaf Woods, launched; the Ghaf Woods sales centre gains LEED Platinum.
  10. October 2025Ghaf Woods Mall announced as the group's 30th mall; Maravelle wellness club with Sunset Hospitality follows in October 2026.
  11. March 2026FY2025 results: revenue AED 35.9 billion, net profit up 41% to AED 3.6 billion; BBB ratings reaffirmed.
  12. May 2026Agreement with Dubai South for a AED 62 billion, 22 million sq ft mixed-use community; Al Sahel appointed for Distrikt at Ghaf Woods (over AED 700 million).
  13. June 2026Company denies reports of war-related delays at Tilal Al Ghaf after sending buyers supply-chain notices under their SPAs.
  14. October 2026Lyra, a 1- and 2-bedroom tower at Ghaf Woods, opens for sale with handover shown as Q4 2029.
Founded
Group founded 1992 by Majid Al Futtaim; first Dubai residential community (Tilal Al Ghaf) launched April 2018
Ownership
Private, family-owned Majid Al Futtaim Holding, Dubai. Founder died 2021; chaired by Fadel Abdulbaqi Al Ali, group CEO Ahmed Galal Ismail
Homes delivered
Not published as a total. Tilal Al Ghaf's Elan, Harmony 1-3 and Aura neighbourhoods are complete; Harmony 1 and 2 alone were 464 homes
Projects
Tilal Al Ghaf (3 million sq m, Dubailand, planned 3,500 homes); Ghaf Woods (738,000 sq m, Wadi Al Safa 4, more than 7,000 homes in eight phases to 2031); Dubai South mixed-use community (22 million sq ft, agreement signed May 2026)
Credit rating
BBB, stable outlook, from both S&P and Fitch (reaffirmed March 2026 with FY2025 results)
Best known for
Mall of the Emirates and City Centre malls; Lagoon Al Ghaf and the record-price mansion sales on Lanai Islands

Compare with all 28 developers

Sources and how we checked27 sources, checked November 2026

Facts checked November 2026 from the developer’s own announcements and results, Dubai Land Department records (via Property Finder, DXBinteract and Propsearch), Bayut market reports and the press. Figures given by the developer are labelled as theirs. This page is information, not financial advice.

  1. The National: Dubai's Majid Al Futtaim makes residential debut with Dh14bn mega-community (19 April 2018)
  2. Khaleej Times: Majid Al Futtaim reports record FY2025 results with 41% net profit growth
  3. Construction Week: Majid Al Futtaim delivers record H1 2026 EBITDA of AED 2.5bn (9 September 2026)
  4. Gulf News: Majid Al Futtaim denies war-related delays at Tilal Al Ghaf homes (12 June 2026)
  5. Khaleej Times: Majid Al Futtaim denies report of delivery delays for Tilal Al Ghaf homes (12 June 2026)
  6. Gulf Today: Dubai South and Majid Al Futtaim launch Dhs62b community (19 May 2026)
  7. Majid Al Futtaim press release: breaks ground on Alaya and Elysian Mansions (22 January 2024)
  8. Majid Al Futtaim press release: contractor for Plagette 32 and Amara (28 April 2025)
  9. Arabian Business: Majid Al Futtaim appoints Dutco for $427mn Serenity Mansions (8 April 2025)
  10. Zawya press release: Serenity Mansions creates a new benchmark
  11. Tilal Al Ghaf blog: Plagette 32 launch with Sunset Hospitality (28 November 2023)
  12. Tilal Al Ghaf blog: launch of Amara (16 January 2024)
  13. ME Construction News: Lanai Island launch (31 October 2022)
  14. Gulf News: Majid Al Futtaim launches forest living community concept (5 June 2024)
  15. Gulf Business: Majid Al Futtaim Properties unveils Ghaf Woods (11 June 2024)
  16. Construction Week: Majid Al Futtaim sells out first phase of Ghaf Woods (10 July 2024)
  17. Construction Week: Phase 2 (Lacina) of Ghaf Woods sold out (27 November 2024)
  18. Arabian Business: Majid Al Futtaim launches Capria; LEED Platinum for sales centre (21 May 2025)
  19. Majid Al Futtaim press release: Ghaf Woods Mall (6 October 2025)
  20. The National: Everything to know about Ghaf Woods Mall (7 October 2025)
  21. Majid Al Futtaim press release: Maravelle at Ghaf Woods with Sunset Hospitality (12 October 2026)
  22. Zawya via TradingView: Al Sahel appointed main contractor for Distrikt Ghaf Woods (4 May 2026)
  23. Wikipedia: Majid Al Futtaim Group
  24. Propsearch: Majid Al Futtaim developer page
  25. Propsearch: Tilal Al Ghaf
  26. Propsearch: Ghaf Woods
  27. Property Finder: Majid Al Futtaim projects in Dubai (prices, handover dates, DLD progress)

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