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MAG Group Holding, the multinational conglomerate incorporating completely different corporations throughout numerous sectors, introduced the recording of AED 12.6 billion in gross sales for 2023 throughout its completely different actual property subsidiaries.
Gross sales on the revolutionary Keturah model, based final yr, reached AED 2.5 billion on the Keturah Reserve growth in Meydan. In distinction, gross sales at ‘The Ritz-Carlton Residences, Dubai, Creekside,’ a part of the Keturah Resort, recorded AED 2.8 billion. Moreover, 70% of Keturah Resort has been bought.
Different actual property subsidiaries of MAG Group recorded AED 7.3 billion in gross sales for actual property developments throughout the UAE, which incorporates MAG Way of life Growth, Make investments Group Abroad (IGO), MBL, Shoumous, Artwork of Dwelling Mall along with plots and warehouses.
In his feedback, Moafaq Al Gaddah, Founder and Chairman of MAG Group Holding, stated: “Final yr was a profitable yr for us at MAG Group with venture gross sales throughout completely different subsidiaries recording spectacular figures. This reiterates the vitality of the UAE’s actual property sector, given the smart management’s strategic imaginative and prescient and the numerous initiatives that each one intention to cement the emirate’s place as among the finest cities to work, stay and go to. We’re proud to contribute to the federal government’s mandate and can proceed attracting traders to our distinctive developments.”
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