Majid Al Futtaim opened 42 new stores across its portfolio in the period, while free cash flow reached Dhs1.1bn and net debt was reduced to Dhs13.4bn
Its inaugural listing — a two-bedroom apartment in Business Bay valued at Dhs2.4m — was oversubscribed within 24 hours by 224 investors from over 40 nationalities
Mair Group’s assets include Makani Real Estate Company, which operates a diverse chain of community shopping centres, and SPAR for retail, which has been active in Abu Dhabi for over a decade