Majid Developments earmarks AED 500 mn for Dubai expansion: Real estate developer and newcomer Majid Developments is planning to invest AED 500 mn across five new projects in Dubai by 2025, entirely funded by the company’s internal resources, Majid’s CEO Mansoor Majid was quoted as saying by Khaleej Times.

He attributed the investments to high demand from buyers from India, Pakistan, Afghanistan, Turkey, and Europe against a shortfall in supply.

What’s on its roster? The company launched its debut project — Mayfair Gardens — in Jumeirah Garden City, offering one-bedroom and studio apartments in. Some 40% of the project’s units were sold before launch, with handover slated for June 2026.

What’s next? Majid plans to launch two other Mayfair projects in Jumeirah Garden City, before moving on to develop two new projects in Jumeirah Village Circle and Arjan. The plan is to focus on Dubai, with a target of at least 20 projects in the emirate, before expanding to other emirates down the line, Majid added.

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