Latest Projects By MAG Group
Starting Price: 1.4 Million AED
Location: Jumeirah Lake Towers
Starting Price: 3.1 Million AED
Location: Mohammad Bin Rashid City
Starting Price: 11.6 Million AED
Location: Dubai Creek Harbour
Starting Price: 8.7 Million AED
Location: Mohammad Bin Rashid City
Starting Price: 4.2 Million AED
Location: Mohammad Bin Rashid City
MAG Group
MAG Group was established in Abu Dhabi, 1978 by its chairman and founder, Mr. Moafaq Ahmed Al Gaddah. The group started as a small spare parts distributor. Over the years, it created an extensive portfolio that includes a leading real estate, engineering, industrial, commercial, freight services, and hospitality corporation via 50 companies in the Middle East, Lebanon, Algeria, Morocco, Tunisia, and other MENA region countries. MAG Properties was founded in Dubai, 2003 and has delivered affordable residential units and high-end luxury residential and commercial properties, showing a diverse portfolio.
Vision
MAG Properties focuses on a customer-centric approach to providing high-end luxurious properties to enhance the lifestyle experience and provide long-term benefits to their customers and investors through their developments.
Their developments range from high-rise luxury residential towers and complexes to huge multi-billion communities, which offer a safe investment opportunity for their investors and a comfortable and peaceful living environment for their customers.
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MAG Localities In Dubai
Mohammad Bin Rashid City
Jumeirah Lake Towers
Dubai Creek Harbour
Popular Projects
Ritz-Carlton Residences
The Ritz-Carlton name has always been synonymous with luxury and extravagance. The lavish infrastructure and astonishing design philosophy have made them a top luxury brand. It is a luxurious project that offers water-front apartments, penthouses, and mansions with stunning views of Downtown Dubai, Dubai Creek, and Dubai Creek Harbour skyline. The project is expected to complete in the first quarter of 2026. The project comes with amenities such as:
- Private parking spaces.
- Private pools.
- Gyms.
- Children playing area.
- Concierge services.
- 24/7 security etc.
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The development is located in Dubai Creek, a central city location that attracts many young business minds, entrepreneurs, and families who can access the significant city points within minutes.
- Downtown Dubai is a 5-minute drive away.
- Business Bay is a 10-minute drive away.
- DXB Airport is a 15-minute drive away.
- Palm Jumeirah is a 20-minute drive away.
- DWC Airport is a 40-minute drive away.
- Al Jaddaf
- Jumeirah Village circle
- Business Bay
Keturah Reserve
Keturah Reserve is another luxurious development by MAG Properties, expected to be completed in 2025. It is located in the Mohammed Bin Rashid (MBR) City. It is one of Dubai’s most exciting residential projects and has already experienced heavy interest from local and foreign investors. The development will offer luxury property options such as villas and villa plots. It is inspired by a biophilic design and is expected to give a very eco-friendly vibe. The project will offer the following amenities upon its completion.
- Dining Outlets.
- Swimming Pools.
- Restaurants.
- Gyms.
- Children Playing Areas etc.
Due to its excellent location, the development provides easy access to every major city attraction. The prime location has attracted many young individuals and families, which has raised demand for the project among consumers and investors. Keturah Reserves only need:
- 5-minute drive to Downtown Dubai.
- 5-minute drive to Business Bay.
- 15-minute drive to DXB Airport.
- 20-minute drive to Palm Jumeirah.
- 35-minute drive to DWC Airport.
FAQ
Most frequent questions and answers
What is the property market trend in UAE?
The UAE’s real estate sector contributes around 5.5% of the GDP of the country, and it has been on the rise since 2022 as both rental rates and home prices have increased. Dubai’s transaction volume reached its highest level for the first quarter ever observed in the area in the first quarter of 2022.
What are the main types of investment properties in Dubai?
In Dubai, investors can choose between villas, apartments, townhouses, penthouses, duplexes, and plots and lands.
What are the main areas for foreigners to buy property in UAE?
In Dubai, there are specific zones where foreigners can purchase real estate. These locations, such as the Palm Jumeirah, Downtown Dubai, Dubai Marina, Arabian Ranches, and Jumeirah Beach Residence, are decided upon by the Ruler of the Emirate of Dubai.
Can I live in Dubai if I buy a property?
Real estate purchases in Dubai may result in the buyer receiving a residence permit. The property must be finished at the time of purchase and worth at least AED 1 million to qualify for the UAE investor visa program. Dependents may also be sponsored by real estate purchase residence visa holders.
What is the future of real estate in the UAE?
The real estate industry in the UAE is anticipated to increase by 2.97% between 2023 and 2028, reaching a market volume of US$0.80 trillion by that year. The important characteristic that makes the UAE a desirable location for real estate investment is what is driving this expansion.
How to invest in UAE real estate?
Here are some tips to invest in UAE real estate:
- Know About Different Property Types and Their Worth
- Research the Market Status and Risks
- Property Investment in Dubai
- Don’t Sacrifice Location
- Choose Areas with High Rents and Demand
- Spend Time in the Area
- Luxury Property Buyers Should Have Financial Resources
- Investing in Residential Properties Offers Shortcuts for Legal Residency
- Seek Expert Advice When Investing in Dubai Real Estate
Can foreigners invest in real estate in Dubai?
Yes, foreigners are permitted to purchase real estate in the UAE. There are, however, certain geographical limitations. Citizens of the UAE or the Gulf Cooperation Council (GCC) may buy real estate anywhere in Dubai.
Is there a property tax in Dubai?
There is no taxation on owning properties in Dubai.
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New launches
Payment Plan: 80/20
Hand-Over: Jan - 2029
Address Residences at Dubai Creek Harbour by Emaar Properties
Starting Price: 2 Million AED
Location: Dubai Creek Harbour
Payment Plan: Easy
Hand-Over: Update Soon
Knightsbridge by Leos at Meydan District 11, Dubai
Starting Price: 7.78 Million AED
Location: Meydaan
Payment Plan: 8 Years
Hand-Over: Q1 2028
Samana Avenue at Dubai Land Residence Complex (DLRC)
Starting Price: 660000 AED
Location: Dubai Land Residence Complex
Payment Plan: 70/30
Hand-Over: Q3 2027
Ellington Belgrove Residences at Meydan Horizon, Dubai
Starting Price: 1.685828 Million AED
Location: Meydan
Payment Plan: 60/40
Hand-Over: December 2027
Selene Beach Residences by Sobha at Siniya Island, Umm Al Quwain
Starting Price: 1.1 Million AED
Location: Siniya Island
Payment Plan: Easy
Hand-Over: Q1 - 2027
Pristine by Zoya at Al Furjan, Dubai
Starting Price: 960000 AED
Location: Al Furjan
Premium Properties
Payment Plan: 85/15
Hand-Over: Update Soon
Villa Elaine at Palm Jumeirah by Amali Properties
Starting Price: 150 Million AED
Location: Palm Jumeirah
Payment Plan: 60/40
Hand-Over: Q1 2027
Amali Island Villas by Amali Properties at The World Islands, Dubai
Starting Price: 44.75 Million AED
Location: The World Islands
Payment Plan: 25/75
Hand-Over: September 2024
Harrisoni La Mer Villas by Almal Development at Jumeirah Road, Dubai
Starting Price: 100 Million AED
Location: La Mer
Payment Plan: Easy
Hand-Over: Ready To Move In
Sweden Beach Palace at The World Islands
Starting Price: 125 Million AED
Location: The World Islands
Payment Plan: Easy
Hand-Over: Q3 2026
The Stellar Oceano by Luxe Developers at Al Marjan Island
Starting Price: 90 Million AED
Location: Al Marjan Island
Payment Plan: 50/50
Hand-Over: Q4 2027
One Sankari by Sankari Properties at Marasi Business Bay
Starting Price: 40 Million AED
Location: Business Bay