MAG Property Development
MAG is the property arm of MAG Group Holding, a UAE conglomerate founded in 1978 by Moafaq Ahmad Al Gaddah — the name comes from his initials — which grew out of a spare-parts trading business and now spans more than 50 companies across trading, contracting, freight and hospitality. Its first Dubai residential tower was MAG 214 in Jumeirah Lake Towers, completed in 2007 with 312 apartments over 40 storeys, followed by MAG 218 in Dubai Marina, completed in 2010. The development business has also traded as MAG Lifestyle Development and is still widely marketed as MAG Property Development.
5Live projects
4Communities
AED 744KStarting price
Dec 2026Earliest handover
MAG Group Holding 1978Founded
About the developer
What MAG builds
An unusually wide range for one developer: affordable and mid-market apartment blocks such as MAG 5 Boulevard in Dubai South at one end, and upper-luxury wellness-led and branded product at the other (the Keturah brand, The Ritz-Carlton Residences at Al Jaddaf on Dubai Creek), across Dubai South, Meydan and MBR City, Al Jaddaf, Business Bay, JLT and Dubailand.
MAG has been handing over in Dubai since 2007. MAG 5 Boulevard in Dubai South (1,118 affordable units across 13 buildings, completed 2018) and MAG Eye and MAG City in Meydan are completed, so the mid-market record is established; MBL Residence in JLT is a useful reference point on timing, having completed in January 2021 against an originally marketed Q4 2019 target. Its current business is weighted towards the much more expensive Keturah line — Keturah Resort in Al Jaddaf carried a Q1 2026 handover target and Keturah Reserve in MBR City a mid-2026 target, and both were still described as under development or planned during 2026. That is a step up in price point and complexity from what MAG has completed before, so a buyer should ask for current construction and escrow status on those rather than rely on marketed dates.
Private, family-controlled (founder and chairman Moafaq Ahmad Al Gaddah; Talal Moafaq Al Gaddah is senior executive vice chairman); registered with the Dubai Land Department as developer No. 21 since August 2007. · Founded MAG Group Holding 1978
Known for
Keturah Reserve, MBR City (Meydan)Keturah Resort, Al JaddafMAG 5 Boulevard, Dubai SouthMBL Residence, Jumeirah Lake TowersMAG 214, Jumeirah Lake Towers
AED 744KEntry price
Where they build
