Latest news with #MAGLifestyleDevelopment
Al Bawaba
10-04-2025
- Business
- Al Bawaba
MAG Signs Agreement with Dubai Land Department, Supports the Dubai Real Estate Strategy
MAG Lifestyle Development (MAG), the leading real estate developer in the UAE has signed a Memorandum of Understanding (MoU) with the Dubai Land Department (DLD) to support its real estate promotion strategy. This collaboration aims to attract foreign direct investment and strengthen the emirate's position as a premier property market. The MoU was signed by Talal Moafaq Al Gaddah, Senior Executive Vice Chairman of MAG, and Majida Ali Rashid, Assistant Director General of the Real Estate Development Sector at DLD, in the presence of senior officials from both partnership underscores MAG's commitment to fostering a sustainable and dynamic property market. By collaborating with government entities, it seeks to create new opportunities and drive market growth. Under the agreement, MAG will engage in promotional initiatives to attract major international investors and real estate portfolios. Additionally, the company will showcase diverse projects, including luxury residences, commercial spaces, hotel apartments, second homes, and specialized developments in logistics, industrial, and educational this partnership, MAG will be able to expand its global reach through participating in international platforms, exhibitions, and targeted marketing Moafaq Al Gaddah said: "This collaboration reaffirms MAG's commitment to driving investment and enhancing Dubai's global appeal. Public-private partnerships are essential to positioning the emirate as one of the world's most attractive real estate destinations. Our focus remains on delivering exceptional projects that uphold the highest standards of quality, sustainability, and innovation, catering to international demand and aligning with Dubai's long-term vision.' This initiative is part of MAG's plan to diversify its portfolio and contribute to Dubai's Real Estate Strategy 33 and the Dubai Economic Agenda D33. By adopting global best practices, the company aims to build stakeholder confidence and support Dubai's continued evolution.
Zawya
10-04-2025
- Business
- Zawya
MAG seals strategic deal with Dubai Land Department
MAG Lifestyle Development (MAG), a leading real estate developer in UAE, has signed an agreement with the Dubai Land Department to support its real estate promotion strategy. This collaboration aims to attract foreign direct investment and strengthen the emirate's position as a premier property market. The MoU was signed by Talal Moafaq Al Gaddah, Senior Executive Vice Chairman of MAG, and Majida Ali Rashid, Assistant Director General of the Real Estate Development Sector at DLD, in the presence of senior officials from both organizations. This partnership underscores MAG's commitment to fostering a sustainable and dynamic property market. By collaborating with government entities, it seeks to create new opportunities and drive market growth. As per the deal, MAG will engage in promotional initiatives to attract major international investors and real estate portfolios. Additionally, the company will showcase diverse projects, including luxury residences, commercial spaces, hotel apartments, second homes, and specialized developments in logistics, industrial, and educational sectors, it stated. Through this partnership, MAG will be able to expand its global reach through participating in international platforms, exhibitions, and targeted marketing campaigns. On the deal, Al Gaddah said: "This collaboration reaffirms MAG's commitment to driving investment and enhancing Dubai's global appeal. Public-private partnerships are essential to positioning the emirate as one of the world's most attractive real estate destinations." "Our focus remains on delivering exceptional projects that uphold the highest standards of quality, sustainability, and innovation, catering to international demand and aligning with Dubai's long-term vision," he stated. "This initiative is part of MAG's plan to diversify its portfolio and contribute to Dubai's Real Estate Strategy 33 and the Dubai Economic Agenda D33. By adopting global best practices, the company aims to build stakeholder confidence and support Dubai's continued evolution," he added.-TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Zawya
10-04-2025
- Business
- Zawya
MAG signs agreement with Dubai Land Department, supports the Dubai real estate strategy
Dubai, United Arab Emirates: MAG Lifestyle Development (MAG), the leading real estate developer in the UAE has signed a Memorandum of Understanding (MoU) with the Dubai Land Department (DLD) to support its real estate promotion strategy. This collaboration aims to attract foreign direct investment and strengthen the emirate's position as a premier property market. The MoU was signed by Talal Moafaq Al Gaddah, Senior Executive Vice Chairman of MAG, and Majida Ali Rashid, Assistant Director General of the Real Estate Development Sector at DLD, in the presence of senior officials from both organizations. This partnership underscores MAG's commitment to fostering a sustainable and dynamic property market. By collaborating with government entities, it seeks to create new opportunities and drive market growth. Under the agreement, MAG will engage in promotional initiatives to attract major international investors and real estate portfolios. Additionally, the company will showcase diverse projects, including luxury residences, commercial spaces, hotel apartments, second homes, and specialized developments in logistics, industrial, and educational sectors. Through this partnership, MAG will be able to expand its global reach through participating in international platforms, exhibitions, and targeted marketing campaigns. Talal Moafaq Al Gaddah said: "This collaboration reaffirms MAG's commitment to driving investment and enhancing Dubai's global appeal. Public-private partnerships are essential to positioning the emirate as one of the world's most attractive real estate destinations. Our focus remains on delivering exceptional projects that uphold the highest standards of quality, sustainability, and innovation, catering to international demand and aligning with Dubai's long-term vision.' This initiative is part of MAG's plan to diversify its portfolio and contribute to Dubai's Real Estate Strategy 33 and the Dubai Economic Agenda D33. By adopting global best practices, the company aims to build stakeholder confidence and support Dubai's continued evolution.
Arabian Business
08-04-2025
- Business
- Arabian Business
Dubai Land Department forms new alliance with four property developers to boost sector
Dubai Land Department (DLD) has established a new real estate alliance to bolster the Dubai Real Estate Promotion Strategy 'Real Estate i.' The initiative involves memoranda of cooperation with four major developers in the emirate: Danube Properties, Imtiaz Developments, MAG Lifestyle Development, and Fakhruddin Properties Development. Eng. Marwan Ahmed Bin Ghalita, Director General of Dubai Land Department, signed agreements with Rizwan Sajan, founder and chairman of Danube Group, and Masih Imtiaz, CEO of Imtiaz Developments. In parallel, Majida Ali Rashid, CEO of the Real Estate Development Sector at Dubai Land Department, finalised agreements with Talal Moafaq Al Gaddah, CEO of MAG Lifestyle Development, and Youssef Fakhruddin, CEO of Fakhruddin Properties. Real estate alliance formed 'The real estate sector is a fundamental pillar of Dubai's sustainable development framework. Guided by the vision of our wise leadership, we continue to strengthen collaboration with our private sector partners, who have consistently demonstrated their commitment and readiness to create new investment opportunities and solidify Dubai's position as a global destination of choice for living, working, and visiting. This cooperation agreement represents a significant step in our ongoing efforts to promote the real estate sector through diverse platforms and launch innovative initiatives that support investors and enhance market vitality,' Marwan Ahmed Bin Ghalita said. He further noted that the strategic collaboration reflects developers' confidence in Dubai's vision and provides a platform to showcase the emirate's diverse real estate landscape across residential, commercial, hospitality, industrial, educational, and technology sectors. The collaboration forms part of the broader implementation of the Dubai Real Estate Strategy 2033 and aims to strengthen strategic partnerships between the public and private sectors. The initiative supports Dubai's vision to enhance its position as a global investment hub, drive economic growth, attract foreign direct investments, and diversify real estate opportunities to meet demands across local and international markets. 'This collaboration will enhance investment inflows into Dubai's real estate market and boost its global competitiveness, fully aligning with the strategic vision of the Dubai Land Department to position the emirate as a global leader in real estate investment. We aim to drive Dubai's journey toward a more prosperous future through strategic partnerships. As part of this agreement, Dubai Land Department is committed to organising and supporting international events and exhibitions, providing comprehensive data and insights on real estate opportunities in Dubai, and launching promotional campaigns across media channels and social platforms to strengthen Dubai's presence in the global real estate market,' Majida Ali Rashid added. Under the agreement, Dubai Land Department will organise and support international events and exhibitions, provide data and insights on real estate opportunities, and launch promotional campaigns across media channels and social platforms to strengthen Dubai's global market presence. The participating developers have committed to providing accurate and transparent information on registered projects, including pricing, timelines, and financing options. They will also offer exclusive incentives for international investors, such as flexible payment plans and investment benefits, in accordance with DLD standards.
