−17% MAG
A diversified group whose residential arm spans the affordable end and, at the other extreme, prime schemes in MBR City — the widest price range under one name in Dubai.
25 lots in stock across 13 projects. Of the 20 with a known status: 13 ready, 7 under construction. By median price — 97th of 152.
- Low entry price in Dubai South
- Percentage yield rather than capital growth
- Very different budgets under one developer
Median price $459K AED 1,685,000
Entry price $158K AED 580,000 — the cheapest lot
Per square foot $526 AED 1,932 / sq.ft, median
Completed stock 65% 10 lots discounted, deepest −17%
Where they build
The districts where this developer has the most lots in our stock.
Dubailand 9 Downtown Dubai 6 Business Bay 4 Dubai Islands 2 MBR City 1
The company in brief
Checkable facts about the developer itself. Unlike the figures above, these are not about our stock and do not move with what happens to be listed today.
- Group
- MAG Group, founded 1978: 50+ companies, 2,000+ staff, everything from engineering to freight
- Founder
- Moafaq Ahmad Al Gaddah; the holding is named after his initials
- Development arm
- MAG Property Development was carved out in 2003
- Offices
- Headquartered in the UAE, with offices in China, Iraq, Türkiye and the US
- Delivered
- 10+ completed residential projects in Dubai, 2,500+ units
- Record
- Emirates Financial Towers in DIFC entered the Guinness Book of Records in 2013
- Top of the range
- Keturah Resort, run by The Ritz-Carlton beside the Ras Al Khor reserve, and Keturah Reserve in MBR City
What kind of developer this is
The affordable end
MAG builds straightforward affordable housing, including large schemes in Dubai South aimed at first-time resident buyers, and mid-market blocks in Dubailand and MAG City. Rental demand there comes from people who work nearby — the airport, logistics, the exhibition grounds — rather than from anyone choosing the address, so the percentage yield is good and capital growth is slow and tied to how fast the district gets finished.
That is a bet on infrastructure arriving. It generally does arrive, but not on the schedule shown in the launch presentation, so buy it with years in hand rather than one cycle.
The rest of the group
At the other end MAG builds prime residential in MBR City, a different business with different risks, and its record should be checked on its own terms.
Treat "MAG" as a holding company name rather than a quality signal in either direction.
Projects by MAG
All projects →
What these numbers mean, and what they do not
The developer is inferred from the project name — there is no developer column in the base. So the figures describe our stock, not the company's share of the Dubai market: a developer sitting on an enormous volume of completed housing can look smaller here than one whose projects reach the resale market more often.
These are asking prices, not closed transactions. For a specific building I pull the registered Land Department sales and show where deals actually closed.
In the news
MAG: an industrial group that also develops property
A diversified conglomerate whose property arm spans affordable housing and ultra-luxury wellness residences. What a diversified parent changes for a buyer, and what to check at each end of the range.
Other developers
All developers → Questions
MAG: questions and answers
How much does a MAG apartment cost?
The median across this developer's lots in our stock is $459K (AED 1,685,000), with entry from $158K. The median per square foot is $526. They are drawn from asking prices in our own base and refreshed every night — a picture of current supply rather than of the official price list.
Are there discounts on MAG property?
Right now the base holds 10 lots from this developer priced below the market, with the deepest cut at 17%. This is not a MAG promotion: below-market prices come from private sellers on resale or assignment who need a quick exit. An algorithm sets the size of the discount against comparable property; no broker types it in by hand.
Is MAG a reliable developer?
Delivered: 10+ completed residential projects in Dubai, 2,500+ units. Check MAG in the Land Department’s open register, not in the marketing: licence status, per-project construction progress and the registered escrow account are all there. Off-plan payments land in that escrow under RERA supervision and reach the developer only against verified construction milestones. The full dossier is further up the page.
What projects is MAG building?
Above on this page: 8 projects by MAG from our catalogue, each with a passport covering floors, units, handover and bedrooms. The districts holding most of its lots are grouped under “Where they build”. Lots on sale, when there are any, sit right under the project.
Should I buy from MAG direct or through a broker?
For an off-plan buyer the price is identical, because the developer covers the broker’s commission. Going straight to MAG is therefore no cheaper, and the choice there is limited to its own projects — you will not get a comparison with neighbouring buildings or a candid read on handover dates. On resale and assignment the commission is standard: 2% plus VAT.
Is MAG worth buying
That depends on what you buy and why. Describe the budget and the aim — I will point out which of this developer’s buildings are justified today and which are better left alone.
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