Mag Group Holding Records Over AED 12.6 Billion Sales in 2023

MAG Group Holding, the multinational conglomerate incorporating totally different firms throughout various sectors, introduced the recording of AED 12.6 billion in gross sales for 2023 throughout its totally different actual property subsidiaries.

Gross sales on the modern Keturah model, based final yr, reached AED 2.5 billion on the Keturah Reserve improvement 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 Life-style Improvement, Make investments Group Abroad (IGO), MBL, Shoumous, Artwork of Residing 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 challenge gross sales throughout totally different subsidiaries recording spectacular figures. This reiterates the vitality of the UAE’s actual property sector, given the sensible management’s strategic imaginative and prescient and the numerous initiatives that every one goal to cement the emirate’s place as probably the greatest cities to work, dwell and go to. We’re proud to contribute to the federal government’s mandate and can proceed attracting traders to our distinctive developments.”