Dubai Investments signs agreement to open Carrefour in Mirdif Hills

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Scheduled for opening in April 2021, new store set to serve Mirdif Hills residents and visitors across

Obaid Salami, General Manager, Dubai Investment Real Estate (DIR), Philippe Peguilhan, Country Manager of Carrefour UAE at Majid Al Futtaim Retail

Dubai, UAE: Dubai Investments has signed a contract with Carrefour, owned and operated by Majid Al Futtaim in the UAE, to open a new store in Mirdif Hills – the first freehold, mixed-use gated community at Mirdif. The new outlet will be nestled within Mirdif Avenue – the commercial cluster within Mirdif Hills.

Present at the signing ceremony were Obaid Salami, General Manager, Dubai Investment Real Estate (DIR), Philippe Peguilhan, Country Manager of Carrefour UAE at Majid Al Futtaim Retail and Ahmed Al Zarouni, Head of Business Development at Majid Al Futtaim Retail. The facility is scheduled to open its doors in April 2021 and will serve residents living in Mirdif Hills and the visitors from the surrounding areas closer to Mirdif Hills.

Obaid Salami, General Manager, Dubai Investment Real Estate (DIR) said, “We conceptualised and designed Mirdif Hills to offer residents with amenities and facilities truly exemplifying a mixed-used community lifestyle. Our alliance with Majid Al Futtaim Retail to open a new Carrefour store is synonymous with making retail an essential part of a walkable urban development. With 1500 residential units within the community and with the Janayen residential cluster housing residents, Mirdif Hills will attract footfall from the surrounding areas, further expanding Carrefour’s customer database.”

From the region, for the region, Carrefour aims to provide the residents and visitors of Mirdif Hills with a variety of fresh and organic produce as well as everyday essential household goods at competitive prices through the 11,582 sq.ft facility. Mirdif Hills is strategically located adjacent to Mushrif Park with proximity to Dubai International Airport and leading business districts.

Philippe Peguilhan, Country Manager of Carrefour UAE at Majid Al Futtaim Retail said, “As our new Mirdif Hills location shows, we are fully committed to supporting the growth and prosperity of the communities we are a part of ourselves, being the trusted local partner.

“The new store will boost the local economy by creating more employment opportunities — helping to realise the considerable potential of people in and from the local community. We look forward to welcoming customers to our new store and playing our part in the growth and development of the region.”

Mirdif Avenue’s other’s commercial offerings will include a 4-star hotel, serviced apartments, residential units, retail spaces and freehold office spaces.

About Dubai Investments:

Dubai Investments PJSC is a leading investment company listed on the Dubai Financial Market with over 16,530 shareholders and a paid-up capital of AED 4.25 billion. Incorporated in 1995, the Company has grown exponentially, and its diversified portfolio currently holds 35 subsidiaries. Since its inception, Dubai Investments has introduced cutting-edge technologies, pioneering business models, unique investment strategies and innovative concepts, driving progress across key sectors and markets including construction and building materials, real estate, manufacturing and industrial, healthcare, education and financial investments across the UAE and the Middle East. 

About Mirdif Hills:

Mirdif Hills, the only freehold in Mirdif now, is a mixed-use residential, commercial and retail development by Dubai Investments Real Estate Company, a subsidiary of Dubai Investments PJSC. Overlooking Mushrif Park, Mirdif Hills is spread across 3.9 million square feet equipped with 1,500 apartments – a mix of studio, 1, 2, 3 bedroom apartments in addition to three & four bedroom duplex units, a four-star hotel with 116 keys & 128 serviced apartments besides a hospital with 230 beds. Situated in proximity to Dubai International Airport, leading business districts and shopping malls, Mirdif Hills is replete with all lifestyle attractions.

About Carrefour:

Carrefour was launched in the region in 1995 by UAE-based Majid Al Futtaim, which is the exclusive franchisee to operate Carrefour in over 30 countries across the Middle East, Africa, and Asia, and fully owns the operations in the region. Today, Majid Al Futtaim operates over 320 Carrefour stores in 16 countries, serving more than 750,000 customers daily and employing over 37,000 colleagues. Carrefour operates different store formats, as well as multiple online offerings to meet the growing needs of its diversified customer base. In line with the brand’s commitment to provide the widest range of quality products and value for money, Carrefour offers an unrivalled choice of more than 500,000 food and non-food products, and a locally inspired exemplary customer experience to create great moments for everyone every day. Across Carrefour’s stores, Majid Al Futtaim sources over 80% of the products offered from the region, making it a key enabler in supporting local producers, suppliers, families and economies.

About Majid Al Futtaim:

Founded in 1992, Majid Al Futtaim is the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia. A remarkable business success story, Majid Al Futtaim 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 United Arab Emirates’ most respected and successful businesses spanning 16 international markets, employing more than 43,000 people, and obtaining the highest credit rating (BBB) among privately-held corporates in the region. Majid Al Futtaim owns and operates 27 shopping malls, 13 hotels and four mixed-use communities, with further developments underway in the region. The shopping malls portfolio includes Mall of the Emirates, Mall of Egypt, City Centre malls, My City Centre neighbourhood centres, and five community malls which are in joint venture with the Government of Sharjah. The Company is the exclusive franchisee for Carrefour in a number of markets across the Middle East, Africa and Asia, operating a portfolio of more than 300 outlets and an online store. Majid Al Futtaim operates more than 500 VOX Cinemas screens and 34 Magic Planet family entertainment centres across the region, in addition to iconic leisure and entertainment facilities such as Ski Dubai, iFly Dubai, Dreamscape and Ski Egypt, among others. The Company is parent to the consumer finance company ‘Najm’, and a Fashion, Home and Specialty retail business representing international brands such as Abercrombie & Fitch, Hollister, AllSaints, lululemon athletica, Crate & Barrel, Maisons du Monde and LEGO. In addition, Majid Al Futtaim operates Enova, a facility and energy management company, through a joint venture operation with Veolia, a global leader in optimised environment resource management.