The MAG Group is a major developer in Dubai and the Middle East. The group of companies has been operating on the market for over 40 years. The holding group consists of 50 companies and branches working in construction, investment, cargo transportation and trade sectors and are actively developing the hotel business and wellness industry. The developer has projects in various parts of the world, including Europe and Asia. The MAG Group offers property projects in different price segments, from affordable residential buildings to multi-billion-dollar premium projects. Housing by this developer is popular among home hunters as it provides high-quality construction and a wide range of amenities.
Contents
- History of MAG Group
- Development plan
- Landmark projects
- Why it’s profitable to buy real estate by the MAG Group
History of MAG Group
The MAG Group began working in 1978 and has grown into one of the leading construction companies in the UAE. In 1992, the holding group opened its headquarters in Dubai, and in 2003, opened a separate real estate division, MAG Property Development, later rebranded to MAG Lifestyle Development. Today it’s one of the most famous developers in the UAE.
In 2004, the corporation created an investment company, Invest Group Overseas (IGO), that operates both domestically and abroad in the development sector. And in 2005, it launched its first residential development project MAG 214 in Jumeirah Lakes Towers (JLT). A few years later, project MAG 218 became one of the tallest buildings in Dubai. In 2013, the project Emirates Financial Towers was included in the Guinness Book of Records as the building with the largest automated parking in the world.
Today the conglomerate continues to actively develop. The MAG Group uses innovative solutions such as blockchain, artificial intelligence and virtual reality. The holding group has won many prestigious awards. E.g., in 2018, it won the Innovative Project of the Year Award at the Arabian Business Real Estate Awards, and in 2019, the Affordable Housing Award at the Gulf Real Estate Awards.
Development plan
The holding group operates as an investor and developer in various sectors of the economy, including the commercial and hotel sectors, infrastructure projects, healthcare and technology. The company invests in tourism infrastructure and designs hotel projects.
In the construction industry, the developer implements residential and commercial real estate projects. All its projects meet the highest quality standards. The holding group is an active player in the Dubai real estate market, currently implementing several projects at various stages of development. The developer has approved a long-term strategy for 50 years, with management confirming that all off-plan projects will be commissioned on time.
Landmark projects
The developer’s landmark projects include:
- MAG City. The community features apartment buildings with studio and one-bedroom units as well as townhouses with two-four bedrooms. One of the main advantages of the residential project is its unique location in the heart of MBR City, close to the main highways and major tourist attractions in Dubai.
- The Ritz-Carlton Residences in Dubai Creekside. This luxury residential project is located on the shores of Dubai Creek, in the heart of the luxurious wellness Keturah Resort and features a wide range of residential units, including apartments, penthouses and detached villas with first-class amenities available for residents only.
- MAG 5 Boulevard. This is a residential community located in Dubai South. The project comprises 13 buildings, including studio units and apartments of various sizes. The location is known for its environmental focus and is part of the green zone of Dubai with numerous green areas and parks.
- MAG 230, a premium development project in Dubailand offering one- to three-bedroom apartments with an investment return rate of 9% per annum. The residential project is located 15 mins from the Dubai International Airport, 7 mins from the world's largest indoor theme park IMG Worlds of Adventure and just 10 mins from the famous Downtown Dubai.
Why it’s profitable to buy real estate by the MAG Group
Housing by the MAG Group will be the best solution for those looking for high-quality housing in a strategically convenient location, with a good price and a high level of service. By choosing MAG, you get:
- High quality of construction. The developer is known for its impeccable business reputation in the Dubai real estate market. All projects undergo strict quality control to ensure the safety and comfort of residents.
- Variety of offers. Real estate from the developer MAG can be bought in different neighbourhoods of Dubai. Among the projects are both residential and commercial buildings.
- Innovative solutions. The developer uses the latest technologies in their development projects. E.g., the Smart Home system allows you to control lighting, air conditioning and all electronics from anywhere in the world using a mobile application.
- Affordable payment plans directly from MAG.
- Convenient location. The developer's projects are located in prestigious and developed areas with easy access to highways, shopping malls and other important infrastructure facilities.
- Wide range of prices. The holding offers competitive housing prices, ensuring its projects are affordable to a wide range of buyers. You can purchase a small buy-to-let studio unit or an ultra-lux villa with a private spa area, a garden and a swimming pool.
For detailed information about residential projects under development and other projects by the developer as well as available payment plans, contact our experts via online chat or by phone.
