El Shamy became CEO of Majid Al Futtaim - Development in January 2023. In 2025, the real estate development business recorded a 33% increase in revenues to $1.6 billion and sold 2,174 units. In 2025, the group launched its 30th mall, Ghaf Woods Mall, a shopping and leisure destination within the $4.2 billion Ghaf Woods residential community in the UAE. It also launched Junction, a landmark mixed-use development in West Cairo.