Posted inNews

MAG Group Holding registers $3.43 billion in real estate sales in 2023

With 70% of the Keturah Resort already sold, MAG Group Holding continues to attract investors to their unique and prestigious developments

Confident Group enters the UAE real estate market with Confident Lancaster

MAG Group Holding, the multinational conglomerate that brings together various companies in different industries, has just announced some exciting news! In 2023, their different real estate subsidiaries achieved an impressive total of USD 3.43 billion (AED 12.6 billion) in sales.

At the stunning Keturah Reserve development in Meydan, sales reached an incredible approximately USD 681 million (AED 2.5 billion). But that’s not all! The prestigious Ritz-Carlton Residences, Dubai, Creekside, a part of the Keturah Resort, recorded an impressive approximately USD 764 million (AED 2.8 billion) in sales as well. And guess what? They have already sold 70% of the Keturah Resort.

Other real estate subsidiaries within MAG Group have also contributed to this fantastic result. Across the UAE, MAG Lifestyle Development, Invest Group Overseas (IGO), MBL, Shoumous, and Art of Living Mall, along with plots and warehouses, recorded a total of approximately USD 1.99 billion (AED 7.3 billion) in sales for their real estate developments.

Moafaq Al Gaddah, Founder and Chairman of MAG Group Holding

Moafaq Al Gaddah, Founder and Chairman of MAG Group Holding, mentions, “Last year was a successful year for us at MAG Group with project sales across different subsidiaries recording impressive figures. This reiterates the vitality of the UAE’s real estate sector, given the wise leadership’s strategic vision and the countless initiatives that all aim to cement the emirate’s position as one of the best cities to work, live and visit. We are proud to contribute to the government’s mandate and will continue attracting investors to our unique developments.”