Al-Futtaim Group Real Estate (AFGRE) is the real estate development and operations arm of Al-Futtaim group. AFGRE is responsible for the origination, conception, development, procurement and construction of mega projects and the leasing and operation of these projects after completion.
In addition, AFGRE develops and operates an extensive multi million dollar portfolio of individual corporate real estate and investment assets across the MENA region.
The two current flagship mixed use urban communities under the Festival City brand are Dubai Festival City (5.2 million square metres) and Cairo Festival City (3 million square metres).
Designed to capture the ground breaking 21st Century spirit of Dubai, Dubai Festival City was the first fully integrated mega project to be progressively delivered in the UAE. Encompassing the finest shopping, dining, entertainment, homes, schools, offices and leisure, Dubai Festival City is formed into three distinct districts and connected by a 30 kilometre internal road network and creekside promenade. Upon completion, 50,000 residents living will live in 20,000 villas, townhouses and apartments and 50,000 office personnel will work at Dubai Festival City.
Cairo Festival City is the second fully integrated mega project to be progressively delivered. Encompassing the finest shopping, dining, entertainment, homes, school, offices and leisure, Cairo Festival City is connected by an internal road network and a necklace of parks interlaced throughout the city. Upon completion, Cairo Festival City will be home to over 13,000 residents in villas and apartments and a place to work for 50,000 office staff.