MAG Group Review of the Developer

Developers MAG Group Review of the Developer
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~11 min
10/04/2023
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Introduction

MAG Group, a pioneering company in the UAE's real estate industry, has firmly established itself as one of the largest and most innovative property development conglomerates in the region. With an unwavering commitment to wellness-focused living and affordable housing initiatives, MAG Group has transformed the landscape of Dubai and beyond.

As the driving force behind MAG Property Development and MAG Lifestyle Development, the group's continuous improvement and integrated approach has placed it at the forefront of luxury developments, offering a diverse range of high-end homes and hospitality sectors. With a highly prominent position in Dubai's thriving business districts like Business Bay and a vision that extends to projects like MAG Eye and Keturah Reserve, MAG Group has become synonymous with long-term benefits and excellence in the real estate sector.

History

MAG Property Development, the real estate development arm of MAG Group, traces its roots back to the inception of the multinational conglomerate in 1978. Headquartered in Dubai, MAG Group has evolved into a prominent UAE-based corporation over the years. In 2003, MAG Property Development, now recognized as MAG Lifestyle Development, emerged with a clear vision of setting the highest standards of living through innovation and continuous improvement.

Since its establishment, MAG Property Development has consistently delivered excellence, having completed over 2,500 units. This remarkable track record in constructing successful projects in Dubai, alongside a diverse portfolio of properties for sale in Abu Dhabi, has solidified MAG Property Development's position as one of the UAE's leading real estate developers. The company's unwavering commitment to ethical standards, the trust of clients and stakeholders is further exemplified by its professional team, making MAG Property Development one of the standouts in the industry.

Average Prices for Properties

MAG Group offers various properties with varying prices, depending on factors such as property type, location, condition, and the number of bedrooms. Here is a snapshot of the minimum prices for some of MAG Group's properties:

  1. 3-bedroom MAG 22 Townhouses in Mohammed Bin Rashid City start at AED 4,974,000 and are expected to be available in Q4 2024.

  2. 2-bedroom MAG 22 Townhouses in Mohammed Bin Rashid City are priced from AED 3,999,000, with an expected availability date in Q4 2024.

  3. 5-bedroom Keturah Reserve Townhouses in Mohammed Bin Rashid City have a starting price of AED 13,888,000, and they are projected to be available in Q2 2025.

  4. Marriott Executive Residences in Arjan have units starting at AED 2,027,274, and these properties are ready to move in as part of off-plan projects.

  5. MAG 330 apartments in the City of Arabia are priced from AED 798,000 and are expected to be available in Q4 2025.

  6. Ritz-Carlton Residences in Dubai Creek Harbour start at AED 11,600,000, with an anticipated availability date in Q4 2025.

  7. The Estate II Townhouses in Al Furjan are priced from AED 4,350,000 and are part of ready-to-move-in-off-plan projects.

  8. MAG 5 Boulevard in Dubai South offers properties starting at AED 499,000 and is also part of ready-to-move-in off-plan projects.

  9. MAG Eye Townhouses in Mohammed Bin Rashid City have a starting price of AED 450,000 and are available as part of ready-to-move-in-off-plan projects.

  10. The Polo Residence in Mohammed Bin Rashid City offers properties starting at AED 5,100,000 and is part of ready-to-move-in-off-plan projects.

  11. 1BR apartment for sale in MAG Apartments in Mohammed Bin Rashid City starts at AED 958,000 and is available as part of ready-to-move-in off-plan projects.

  12. Studio apartment for sale in MAG Apartments in Mohammed Bin Rashid City starts at AED 545,000 and is also available as part of ready-to-move-in off-plan projects.

Key Projects

MAG 5 Boulevard

MAG 5 Boulevard is an impressive residential development nestled within the vibrant Dubai South district. This community features a collection of 13 contemporary buildings, and it is an ideal choice for individuals seeking affordable housing options in Dubai. Specifically designed to cater to middle-income earners, MAG 5 Boulevard offers a modern and integrated living experience.

Residents of MAG 5 Boulevard enjoy the convenience of being surrounded by an array of retail outlets, dining establishments, leisure activities, and entertainment options. The development offers a range of apartment choices, including modern 1- and 2-bedroom flats, providing comfortable and stylish living spaces for its residents. With its location and well-designed amenities, MAG 5 Boulevard presents an excellent opportunity for individuals and families to embrace a contemporary and fulfilling lifestyle in Dubai.

MAG 230

MAG 230 stands as an elegant residential masterpiece, prominently situated in the heart of the City of Arabia within Dubailand. This L-shaped high-rise tower presents a luxurious living experience, with a splendid array of upscale apartments for sale in Dubai.

The residential units within MAG 230 are sophisticated and comfortable, with a diverse selection of 1-, 2-, and 3-bedroom apartments. These residences are characterized by spacious interiors and opulent designs, with sleek steel and glass finishes. The stylish kitchens and bathrooms further enhance these exceptional living spaces' overall aesthetic and functionality.

MAG 230 represents a harmonious blend of modern living and urban convenience, making it a sought-after destination for those searching for luxury and refinement in the heart of Dubai's City of Arabia.

The Polo Residence

The Polo Residence, situated in the heart of Meydan within Mohammed Bin Rashid City, offers a splendid collection of ready-to-move apartments for sale. These modern residences are thoughtfully designed to provide residents with a host of convenient features, including fully-equipped kitchens and abundant natural light streaming in through their generous windows.

What sets The Polo Residences apart is its exceptional location, nestled in the vicinity of a world-class race track. Here, residents are greeted by expansive lush green spaces, creating a serene and picturesque environment. In addition to the natural beauty, this development also offers a wealth of premium facilities, ensuring that every aspect of the residents' lifestyle is catered to with sophistication and style. The Polo Residences truly encapsulate the essence of luxury living in the heart of Meydan.

The MBL Residence

The MBL Residence is a prestigious mixed-use development that graces the skyline of Jumeirah Lake Towers with its high-end luxury apartments for sale. This towering architectural gem, rising 42 stories high, combines classic design elements with contemporary accents, presenting a timeless aesthetic.

One of the standout features of The MBL Residence is its grand 5-star lobby, setting the tone for luxury and sophistication right from the moment you step in. Residents of this MAG Group project in JLT are treated to picturesque water views. Additionally, the residences offer breathtaking vistas of the majestic Almas Tower, enhancing the overall appeal of this prestigious address. The MBL Residence embodies the epitome of refined urban living in the heart of Jumeirah Lake Towers.

MAG Eye Townhouses & Apartments

MAG Eye Townhouses & Apartments present a captivating blend of elegance and affordability, making them a remarkable choice for urban living in Dubai. Nestled within the prestigious Meydan area, part of the master development of Mohammed bin Rashid City, these residences offer a truly exceptional living experience.

These thoughtfully designed residences have carefully curated interiors, ensuring both style and comfort. The ventilation system enhances the living environment, providing fresh and invigorating air throughout. Moreover, MAG Eye Townhouses & Apartments' residents have access to many amenities that further enrich their lifestyle.

The property offerings at MAG Eye are diverse, catering to a range of preferences. They include 3- and 4-bedroom townhouses and studio and 1-bedroom apartments. This variety allows residents to find the perfect space to suit their individual needs. MAG Eye is a prime choice for those seeking a convenient and stylish urban lifestyle in the heart of Dubai's flourishing landscape.

MAG 330

MAG 330, an eagerly anticipated upcoming project, stands tall and proud in the burgeoning City of Arabia development, Dubai. This architectural marvel is a perfect aesthetics and practicality, where form and function harmoniously coexist.

The building's architecture reflects a deep commitment to practicality, showcasing it in its most breathtaking form. MAG 330 has been meticulously designed to offer residents maximum comfort and style. Its interiors are impeccable, and a rich array of amenities, including a swimming pool and a dedicated health club, promise a well-rounded lifestyle experience.

Awards

MAG Property Development has garnered a prestigious collection of awards, underscoring its commitment to excellence and innovation in the real estate industry. These accolades testify to the company's dedication to delivering outstanding projects and services. Among the numerous awards and recognitions received by MAG Property Development are.

  1. Gulf Real Estate Awards 2019. Awarded "The Best Real Estate Project (Affordable Housing)" for its commitment to providing quality affordable housing solutions.

  2. Arabian Business Real Estate Awards 2018. Honored with the "Innovative Project of the Year" award, highlighting the company's forward-thinking approach to real estate development.

  3. Construction Week Awards 2016. Recognized as the "Developer of the Year," affirming its outstanding contributions to the construction and real estate sector.

  4. Arabian Business Real Estate Award 2018 for Keturah Resort. Acknowledged for "Innovation Project of the Year" for its innovative approach to the Keturah Resort development.

  5. Global Infrastructure Congress Award 2018 for Keturah Resort. Celebrated for its exceptional achievements in the development of Keturah Resort.

  6. Forbes Middle East Ranking 2017. MAG Property Development secured the 18th position among the "Top 40 Unlisted Real Estate Companies in the Arab World" in Forbes Middle East's prestigious ranking.

  7. CEO Middle East Awards 2017. Mr. Talal M. Al Gaddah, CEO of MAG Property Development, was honored with the title of "Young CEO of the Year," recognizing his remarkable leadership in the industry.

Conclusion

MAG Property Development is a pioneering force in the region's real estate industry, consistently delivering high-end luxury developments while championing pioneering affordable housing initiatives. As the property development arm of the multinational conglomerate MAG Group, the company has become synonymous with excellence, earning numerous accolades that underscore their commitment to their group's corporate philosophy.

With a portfolio of projects that include MAG Eye Apartments, MAG Townhouses, and MAG 330, among others, MAG Property Development has left an indelible mark on the landscape of Dubai and beyond. Their ability to maintain the highest standards in business practices and a dedication to providing long-term benefits to customers and investors positions them among the largest names in the industry. With a clear aim and meticulous planning, MAG Property Development continues to shape the future of real estate, bringing wellness-focused living and luxury homes to those who seek the very best.

Sources

MAG Group

FAQ

  • 1.

    Who is the CEO of MAG Property Development?

    The CEO of MAG Property Development is Mr. Talal M. Al Gaddah, a distinguished leader in the real estate industry. Under his guidance, MAG Property Development has achieved significant milestones, earned numerous awards, and contributed to developing some of the most innovative and luxurious real estate projects in the United Arab Emirates. Mr. Al Gaddah's visionary leadership and commitment to excellence have played a pivotal role in shaping the company's success and reputation within the real estate sector.

  • 2.

    What types of properties does MAG Property Development offer?

    MAG Property Development offers a diverse range of properties, including luxury apartments, townhouses, and commercial spaces. They are also known for their pioneering affordable housing initiatives.

  • 3.

    Are MAG Property Development's projects suitable for investors?

    MAG Property Development's projects offer attractive investment opportunities, providing long-term benefits to investors in the dynamic Dubai real estate market.

  • 4.

    What is MAG Group's role in MAG Property Development?

    MAG Group is the parent company of MAG Property Development. It provides a strong foundation and support for MAG Property Development's operations and growth.

  • 5.

    Does MAG Property Development have a presence outside the UAE?

    MAG Property Development primarily operates within the UAE but has also explored opportunities to invest overseas through its Invest Group Overseas. For example, they have real estate projects in Cyprus.

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Update date: 05/23/2024