MAG is a construction company in Dubai that, since 1978, has grown into a multinational holding group. The conglomerate is one of the largest real estate players in the MENA region and, in its more than 40-year history, has gone from constructing simple buildings to developing complex areas with first-class amenities and individual styles. Today, its development projects include luxurious high-rise towers, sprawling communities and innovative real estate projects, including the region's first wellness-focused residential development.
The corporation is headquartered in the UAE and has offices in China, Iraq, Turkey and the United States, uniting over 50 companies with 2,000 employees worldwide. In addition to real estate, its activities include engineering, industrial and commercial trade, freight transport and hospitality.
Among the largest branches of the developer in Dubai and abroad are:
- MAG Lifestyle Development, a development company that builds both budget housing and premium real estate;
- MAG of Life, a company that develops wellness real estate. MAG of Life considers residents' health as the centre of design, construction and engineering solutions and has created ultra-elite projects totalling over $1 billion;
- IGO Property Development, a leading investment and development company with an extensive portfolio of premium properties in the UAE and other countries.
Investment attractiveness of MAG in Dubai and the UAE
Properties by the developer MAG are unique residential projects with a sophisticated design and a wide range of amenities. The holding actively uses innovative technologies and works with professional designers and architects, leading to repeatedly winning prestigious international awards in the real estate sector.
Investing in housing by MAG will be a smart and wise decision as it’s one of the oldest and most famous construction companies in Dubai with an impeccable business reputation and an extensive portfolio. The developer focuses on the development and implementation of projects providing long-term benefits to investors and their end users.
The price range for real estate by the trusted developer MAG in the UAE is quite wide. E.g., you can buy an apartment in the MAG City residential project for only 750,000 AED ($204,000) while a luxurious mansion in the Ritz-Carlton Residences under development residential project costs 200 million AED ($54.45 million). Both options allow you to apply for a UAE resident visa.
The corporation implements high-quality housing in prestigious and popular locations ensuring a high return on investment (ROI). On average, the return rate in Dubai fluctuates between 5-8% per annum. However, you should keep in mind that real estate prices in Dubai are steadily growing. Off-plan housing can be bought at the early stage of development and, once it’s handed over, can be resold at a profit of up to 20%.
Wellness property by MAG
The wellness real estate by the developer MAG deserves special attention. The Ritz-Carlton Residences is the first certified wellness project under development in the MENA region and will feature everything you need to maintain a healthy lifestyle and excellent physical shape. In addition to exclusive amenities and services, residents of this project will have access to the exclusive Keturah Resort Spa with a variety of detox, relaxation and rejuvenation treatments.
Completed residential projects by the developer MAG
Various affordable and high-quality housing is among the developer’s completed projects. For instance:
- MBL Residence, a project offering studio and one- to three-bedroom apartment units in the heart of the Jumeirah Lakes Towers community. Residences with stunning lake views range from 70 to 283 m². Residents have access to a variety of top-notch amenities i.e., a swimming pool, a steam room, a barbecue area at the podium level, high-speed elevators and a cosy lobby. Prices start at 808,000 AED ($220,000).
- MAG 318, fully furnished apartments by the developer MAG with upscale interiors and views of the Dubai Canal in the prestigious business community of Business Bay. The residential project offers studio and one- and two-bedroom apartment units with private balconies and a parking bay for each apartment. The size of residences varies from 40 to 215 m², and the property prices start at 1.2 million AED ($326,500). The project also offers a variety of amenities, including a world-class swimming pool.
- MAG 5, a residential project with studio and one- and two-bedroom apartments in Dubai South. Residents have access to extensive green areas, swimming pools, playgrounds, and patios where they can chill and have quality time with friends and family. The living area of apartments varies from 31 to 85 m². Prices are very affordable - from 381,000 AED ($103,500).
Start of sales of off-plan projects by MAG
The developer has launched the construction of two ultra-luxury projects:
- The Ritz-Carlton Residences is a wellness community with one-three bedroom apartments, luxury penthouses and a collection of eight-bedroom mansions with a unique signature design. Property prices in this luxurious project start at 5.8 million AED ($1.57 million).
- Keturah Reserve is an eco-friendly development project in MBR City, offering exclusive one- to four-bedroom apartments and premium townhouses. The minimum cost of an apartment here is 2.73 million AED ($743,500).
Properties for sale by MAG
Are you planning to buy property from a developer in Dubai? Contact professional brokers with extensive experience in the emirate market. Our specialists will walk you through the buying process, and help you to choose a profitable and high-quality housing unit by the MAG developer regardless of whether you are looking for buy-to-live or buy-to-let property. With us, buying property is always smooth, transparent and safe.
