DUBAI, UAE, March 6, 2024 /PRNewswire/ — MAG Group Holding, the multinational conglomerate incorporating different companies across diverse sectors, announced the recording of AED 12.6 billion in sales for 2023 across its different real estate subsidiaries.
Moafaq Al Gaddah -Founder and Chairman of MAG Group Holding
Sales at the innovative Keturah brand, founded last year, reached AED 2.5 billion at the Keturah Reserve development in Meydan. In contrast, sales at ‘The Ritz-Carlton Residences, Dubai, Creekside,’ part of the Keturah Resort, recorded AED 2.8 billion. Additionally, 70% of Keturah Resort has been sold.
Other real estate subsidiaries of MAG Group recorded AED 7.3 billion in sales for real estate developments across the UAE, which includes MAG Lifestyle Development, Invest Group Overseas (IGO), MBL, Shoumous, Art of Living Mall in addition to plots and warehouses.
In his comments, Moafaq Al Gaddah, Founder and Chairman of MAG Group Holding, said: “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.”
ข่าวที่เกี่ยวข้อง
- WPS 365 Showcases All-in-One AI Office Solutions at GITEX ASIA 2026, Deepening Southeast Asia Presence
- Apple’s Entry into Foldable Smartphones Could Capture Approximately 20% Market Share; Stress Management Emerges as the Key to Reducing Creases, Says TrendForce
- IFS and NEC to Deploy Next-Generation Core System IFS Cloud for Hoshizaki
- LX Pantos Expands ESG Initiatives Through Solar Power at Logistics Centers
