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<p>Al Futtaim Properties develops, owns and manages shopping malls and hotels in the <a href="page.php?w=Middle_East_and_North_Africa">MENA</a> region. The hotels business unit focuses on the development and asset management of hotels connected to or close to the company's shopping malls and within its master-planned communities. It owned and operated 12 hotels as of 2015. In 2017, Majid Al Futtaim Properties reported a profit of 2.19 billion dirhams ($596.25 million), down 7% on 2016.</p>

<p><big> Shopping malls </big></p>
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