Sign up for our Middle East newsletter and follow us @middleeast for news on the region. Dubai-based Majid Al Futtaim Holding LLC plans to grow its residential real estate business as the property and retail conglomerate taps a boom in the city’s housing market. “Our property business had a strong year. Not just on the malls side, but our portfolio of property has become diversified and balanced,” Chief Executive Officer Ahmed Galal Ismail said in an interview with Bloomberg TV. “For the first time, almost one third of revenue in our property business came from the residential and communities business. That may increase to almost 50% of revenue on our property side next year.” Your guide to living wellTreat yourself to the Pursuits Weekly newsletter. By submitting my information, I agree to the Privacy Policy and Terms of Service and to receive offers and promotions from Bloomberg. Ismail, who recently took over as CEO after running the the group’s property unit since 2018, was speaking after the group reported higher full-year revenue following a regional boom in tourism bolstered footfall at its malls, hotels and entertainment venues. Demand for Dubai property is also growing as the government’s handling of […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
