Latest news with #GeorgeSaad
Arabian Business
23-05-2025
- Business
- Arabian Business
Al Zorah Development, MAG Group ink land deal for premium waterfront project in Ajman
Al Zorah Development Company, a joint venture between the Government of Ajman and Solidere International, signed a land acquisition deal with MAG Group Holding, a multinational conglomerate with diversified interests across various sectors, to develop a premium mixed-use waterfront development in Al Zorah City. The new development will span a prime 261,180 square foot plot in the heart of Al Zorah Marina 1, a location renowned for its pristine natural beauty and strategic location. With a built-up area of approximately two million square feet, the project is envisioned as a holistic mixed-use community featuring residential units, branded and serviced residences, office spaces, retail outlets, and a hotel. George Saad, CEO of Al Zorah Development Company, said the MAG waterfront project will further enrich the range of products that the company is offering to investors. 'This project reflects our dedication to creating sophisticated eco-living environments where innovative urban design and natural beauty coexist in harmony,' he said. Moafaq A. Al Gaddah, Founder and Chairman of MAG Group Holding, said the project reflects the company's commitment to create exceptional living spaces that elevate the standard of urban living for residents and visitors alike. This strategic agreement reflects a shared vision between Al Zorah Development Company and MAG Group Holding to create communities that blend luxury, functionality, and environmental responsibility, the companies said. The development will incorporate cutting-edge design concepts and sustainable building practices, setting a new benchmark for mixed-use developments in the region, they said.
Zawya
22-05-2025
- Business
- Zawya
Al Zorah Development Company ink land acquisition deal with MAG Group
UAE – Al Zorah Development Company, a joint venture between the Government of Ajman and Solidere International, has signed with MAG Group Holding, a multinational conglomerate with diversified interests across various sectors, a land acquisition to develop a premium mixed-use waterfront development in Al Zorah City., The agreement was signed by George Saad, CEO of Al Zorah Development Company and Moafaq A. Al Gaddah, Founder and Chairman of MAG Group Holding, in the presence of Salim Fleifel, CCO of Al Zorah Development Company and Sarhad Haffar, Regional Director of MAG Group Holding, Al Zorah, and other senior executives from both entities. The new development will span a prime 261,180 square foot plot in the heart of Al Zorah Marina 1, a location renowned for its pristine natural beauty and strategic location. With a built-up area of approximately two million square feet, the project is envisioned as a holistic mixed-use community featuring residential units, branded and serviced residences, office spaces, retail outlets, and a hotel. In this occasion George Saad commented " We are pleased to welcome MAG Group into Al Zorah City. MAG waterfront project will further enrich the range of products that we are offering to investors. This project reflects our dedication to creating sophisticated eco-living environments where innovative urban design and natural beauty coexist in harmony." In his comments, Moafaq A. Al Gaddah, said: "We are pleased to sign this agreement with Al Zorah, which perfectly aligns with our mandate to expand our portfolio through premium developments across strategic locations. This project reflects our ongoing commitment to creating exceptional living spaces that elevate the standard of urban living for residents and visitors alike." This strategic agreement reflects a shared vision between Al Zorah Development Company and MAG Group Holding to create communities that blend luxury, functionality, and environmental responsibility. The development will incorporate cutting-edge design concepts and sustainable building practices, setting a new benchmark for mixed-use developments in the region. More information on the project will be announced in due course.
Zawya
02-05-2025
- Business
- Zawya
Al Zorah luxury projects draw record investor interest at Ajman exhibition
Ajman: Luxury beachfront and waterfront developments by Al Zorah dominated investor attention at the Ajman Real Estate Investment Exhibition 2025, with unprecedented visitor numbers viewing the company's Luxury living concepts. His Highness Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of the Executive Council, inaugurated the third edition of the exhibition, organised by the Department of Land and Real Estate Regulation in Ajman and held at the Emirates Hospitality Hall. The exceptional turnout highlights a surge in investor confidence in Al Zorah's distinctive blend of luxury and sustainability, with many visitors specifically seeking information about the company's properties adjacent to protected natural reserves. Each development is built to exacting international standards, creating living spaces that seamlessly merge contemporary design with natural surroundings. Al Zorah momentum was further boosted by the recent announcement that Al Zorah has partnered with Four Seasons Hotels and Resorts to bring a world-class resort to the heart of its master-planned coastal community. The agreement marks a significant milestone, reinforcing Al Zorah's position as a premier luxury destination in the UAE and enhancing investor confidence in the long-term value of its developments. Al Zorah Development Company – a joint venture between the Government of Ajman and Solidere International PLC – showcased its flagship projects that have captured the market's imagination. Visitors viewed the detailed models of the Sealine Residence luxury apartments, while the exclusive Sea Glints Mansions beachfront villas generated particular excitement among high-net-worth investors. The projects stand out for their architectural innovation, panoramic coastal views and amenities designed to elevate everyday living experiences. According to exhibition officials, Al Zorah's display attracted its highest recorded foot traffic, reflecting the company's growing reputation as the premium development choice in Ajman's rapidly expanding real estate sector. Chief Executive Officer of Al Zorah Real Estate Development Company George Saad said: "The extraordinary response we've witnessed at this exhibition confirms what we've long known – that there is tremendous appetite for thoughtfully designed beachfront and waterfront communities that prioritise both luxury and environmental stewardship. 'We're not simply building properties, instead we're creating legacies that will define Ajman's coastline for generations to come." He revealed that several high-value reservations were secured during the exhibition's opening day. He said: "The immediate investor response validates our decision to focus on creating distinctive living experiences. Each of our developments tells a unique story about how premium living can coexist with natural beauty." Saad attributed the market enthusiasm to Al Zorah's unique vision that balances architectural excellence with environmental responsibility. He said: "Our developments integrate seamlessly with Ajman's natural landscapes while offering the sophistication that discerning investors demand. This exhibition has reinforced our position as the emirate's premier coastal destination luxury developer."
Mid East Info
29-04-2025
- Business
- Mid East Info
Al Zorah Announces Partnership with Four Seasons to Open a Luxury Beachfront Resort in Al Zorah, Ajman in 2026
Ajman, United Arab Emirates: Al Zorah Development Company, a partnership between the Government of Ajman and Solidere International, together with Four Seasons, have announced plans to open Four Seasons Resort Ajman at Al Zorah in 2026. The beachfront luxurious resort will undergo extensive upgrades to the existing property, including upgrades to accommodation and public facilities. The resort will feature 23 villas, 74 rooms, and suites, all equipped with private terraces offering stunning views of the Arabian Gulf. Located just 25 minutes from Dubai International Airport, the resort offers a unique blend of comfort and natural tranquility. George Saad, CEO of Al Zorah Development Company, expressed that the project represents an opportunity to elevate the current property into a premier luxury destination, combining local culture with Four Seasons' global standards. He looks forward to attracting international attention and enhancing the region's appeal. Bart Carnahan, President of Global Business Development, Portfolio Management, and Residential at Four Seasons, shared his enthusiasm about expanding the brand's presence in the UAE. He added that the collaboration with Al Zorah Development aims to offer a world-class luxury experience that highlights the renowned hospitality for which Four Seasons is known. The resort is designed to blend modern architecture with lush gardens, offering a variety of facilities that cater to guests of all ages. It will include a state-of-the-art fitness center, luxurious spa facilities, a private beach, and a 280-foot (85-meter) infinity pool, divided into separate areas for adults and children. Additionally, guests will enjoy a carefully curated selection of activities, such as children's programs, diving excursions, and guided tours to explore the mangrove forests and natural creek. Golf enthusiasts will have access to the Al Zorah Golf and Yacht Club, which features an 18-hole championship course designed by Jack Nicklaus. The resort will also offer fine dining experiences, including a restaurant serving global cuisine with panoramic sea views, a beach bar and restaurant to enjoy the local atmosphere, and an Italian restaurant blending local and international flavours, all set against breathtaking views. Four Seasons Resort in Al Zorah, Ajman, will focus on luxury and exceptional service to provide an unparalleled hospitality experience in the UAE.
Yahoo
28-04-2025
- Business
- Yahoo
Al Zorah Announces Partnership with Four Seasons to Open a Luxury Beachfront Resort in Al Zorah, Ajman in 2026
AJMAN, United Arab Emirates, April 28, 2025--(BUSINESS WIRE)--Al Zorah Development Company, a partnership between the Government of Ajman and Solidere International, together with Four Seasons, have announced plans to open Four Seasons Resort Ajman at Al Zorah in 2026. The beachfront luxurious resort will undergo extensive upgrades to the existing property, including upgrades to accommodation and public facilities. The resort will feature 23 villas, 74 rooms, and suites, all equipped with private terraces offering stunning views of the Arabian Gulf. Located just 25 minutes from Dubai International Airport, the resort offers a unique blend of comfort and natural tranquility. George Saad, CEO of Al Zorah Development Company, expressed that the project represents an opportunity to elevate the current property into a premier luxury destination, combining local culture with Four Seasons' global standards. He looks forward to attracting international attention and enhancing the region's appeal. Bart Carnahan, President of Global Business Development, Portfolio Management, and Residential at Four Seasons, shared his enthusiasm about expanding the brand's presence in the UAE. He added that the collaboration with Al Zorah Development aims to offer a world-class luxury experience that highlights the renowned hospitality for which Four Seasons is known. The resort is designed to blend modern architecture with lush gardens, offering a variety of facilities that cater to guests of all ages. It will include a state-of-the-art fitness center, luxurious spa facilities, a private beach, and a 280-foot (85-meter) infinity pool, divided into separate areas for adults and children. Additionally, guests will enjoy a carefully curated selection of activities, such as children's programs, diving excursions, and guided tours to explore the mangrove forests and natural creek. Golf enthusiasts will have access to the Al Zorah Golf and Yacht Club, which features an 18-hole championship course designed by Jack Nicklaus. The resort will also offer fine dining experiences, including a restaurant serving global cuisine with panoramic sea views, a beach bar and restaurant to enjoy the local atmosphere, and an Italian restaurant blending local and international flavours, all set against breathtaking views. Four Seasons Resort in Al Zorah, Ajman, will focus on luxury and exceptional service to provide an unparalleled hospitality experience in the UAE. Source: AETOSWire View source version on Contacts Mahmoud Kabakibi – Account 00971552505214 Sign in to access your portfolio
