MAG Group Holding, a leading multinational conglomerate operating across diverse industries, has announced that its real estate portfolio, including ongoing and under-development projects, has reached an impressive value of $11.9 billion. This milestone reflects the group’s robust presence in the real estate sector through its various subsidiaries.
The subsidiaries under MAG Group Holding’s real estate division include MAG Lifestyle Development, Keturah, Invest Group Overseas (IGO), MBL, Shoumous, Art of Living Mall, and MAG Leasing for warehouses. Each entity contributes to the group’s expansive and diverse real estate offerings, from residential and commercial developments to retail and logistics projects.
In a statement, Moafaq Al Gaddah, the Founder and Chairman of MAG Group Holding, emphasized the favorable conditions driving the UAE’s real estate market. “The UAE’s real estate sector is experiencing unprecedented demand, driven by the strategic vision and initiatives of our wise leadership. The government’s continued efforts to create a favorable investment climate have made the UAE a preferred investment destination for global investors,” he said.
Al Gaddah further expressed pride in the group’s extensive portfolio, highlighting its role in enriching the sector. “We are proud of our extensive portfolio of development projects that cater to the needs of a diverse audience, adding value to an already thriving sector. At MAG Group Holding, our mandate is to support the growth of the UAE by creating innovative development projects and meeting the evolving needs of residents and investors,” he added.
Driving Innovation and Supporting Growth
The UAE has positioned itself as a global hub for real estate investments, thanks to visionary leadership and strategic initiatives. MAG Group Holding has consistently aligned its operations with this national vision, offering a range of projects that appeal to local and international markets. The group’s subsidiaries specialize in various aspects of real estate, from luxury residential communities to affordable housing solutions, ensuring inclusivity and diversity in their offerings.
MAG Lifestyle Development, for instance, focuses on creating high-quality, sustainable living spaces that promote wellness and innovation. Keturah, another subsidiary, is renowned for its premium developments that redefine luxury living. Meanwhile, Invest Group Overseas (IGO) delivers strategic international projects, and MBL and Shoumous provide specialized real estate solutions tailored to meet specific market needs. Art of Living Mall enhances the group’s retail footprint, while MAG Leasing offers comprehensive logistics and warehouse services, catering to the growing demand for industrial real estate.
Sustaining Market Leadership
MAG Group Holding’s success is underpinned by its ability to adapt to market trends and anticipate the needs of investors and residents. The group’s commitment to quality and innovation has made it a key player in the UAE’s thriving real estate landscape. By focusing on sustainable development and leveraging advanced technologies, MAG continues to set new benchmarks in the industry.
A Cautionary Note
While the announcement celebrates MAG Group Holding’s accomplishments, it is essential to note that the information provided in translated press releases is not definitive. The authoritative version of any official statement is the one issued in the original language. For accuracy, translations should be cross-checked with the source text, which serves as the ultimate reference.
With its diverse portfolio and commitment to supporting the UAE’s growth, MAG Group Holding remains at the forefront of the real estate industry, driving innovation and delivering value to investors and residents alike.
