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MAG Group Holding Real Estate Portfolio Reaches USD 11.9 Billion

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MAG Group Holding Real Estate Portfolio Reaches USD 11.9 Billion
News

News

MAG Group Holding Real Estate Portfolio Reaches USD 11.9 Billion

2024-11-28 18:45 Last Updated At:18:52

DUBAI, United Arab Emirates--(BUSINESS WIRE)--Nov 28, 2024--

MAG Group Holding, the multinational conglomerate incorporating different companies serving diverse sectors, announced its portfolio of current and under development projects across its different real estate subsidiaries has reached USD 11.9 billion.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241128995871/en/

MAG Group Holding’s real estate subsidiaries include MAG Lifestyle Development, Keturah, Invest Group Overseas (IGO), MBL, Shoumous, Art of Living Mall and MAG Leasing for warehouses.

In his comments, Moafaq Al Gaddah, Founder and Chairman of MAG Group Holding, said: "The UAE's real estate sector is witnessing unprecedented demand, driven by the strategic vision and initiatives of our wise leadership. The government’s ongoing efforts to foster a favorable investment climate have made the UAE a preferred investment destination for global investors. We take pride in our extensive portfolio of developments that cater to diverse audiences, adding value to the already thriving sector. At MAG Group Holding, our mandate is to support the UAE's growth by creating innovative developments and meeting the evolving needs of both residents and investors."

*Source:AETOSWire

Moafaq Al Gaddah, Founder and Chairman of MAG Group Holding (Photo: AETOSWire)

Moafaq Al Gaddah, Founder and Chairman of MAG Group Holding (Photo: AETOSWire)

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PHOTO COLLECTION: Plastic Pollution Treaty

2024-11-28 18:40 Last Updated At:18:52

This is a collection of photos chosen by AP photo editors.

Environment activists perform a human sign calling for a strong global plastics treaty ahead of the fifth session of the Intergovernmental Negotiating Committee on Plastic Pollution which sets to be held from Nov. 25 to Dec. 1 on the beach in Busan, South Korea, Sunday, Nov. 24, 2024. (Son Hyung-joo/Yonhap via AP)

Environment activists perform a human sign calling for a strong global plastics treaty ahead of the fifth session of the Intergovernmental Negotiating Committee on Plastic Pollution which sets to be held from Nov. 25 to Dec. 1 on the beach in Busan, South Korea, Sunday, Nov. 24, 2024. (Son Hyung-joo/Yonhap via AP)

Children attend a rally calling for a strong global plastics treaty ahead of the fifth session of the Intergovernmental Negotiating Committee on Plastic Pollution which sets to be held from Nov. 25 to Dec. 1 in Busan, South Korea, Saturday, Nov. 23, 2024. (Son Hyung-joo/Yonhap via AP)

Children attend a rally calling for a strong global plastics treaty ahead of the fifth session of the Intergovernmental Negotiating Committee on Plastic Pollution which sets to be held from Nov. 25 to Dec. 1 in Busan, South Korea, Saturday, Nov. 23, 2024. (Son Hyung-joo/Yonhap via AP)

Environment activists stage a rally calling for a strong global plastics treaty ahead of the fifth session of the Intergovernmental Negotiating Committee on Plastic Pollution which sets to be held from Nov. 25 to Dec. 1 in Busan, South Korea, Saturday, Nov. 23, 2024. (Son Hyung-joo/Yonhap via AP)

Environment activists stage a rally calling for a strong global plastics treaty ahead of the fifth session of the Intergovernmental Negotiating Committee on Plastic Pollution which sets to be held from Nov. 25 to Dec. 1 in Busan, South Korea, Saturday, Nov. 23, 2024. (Son Hyung-joo/Yonhap via AP)

Environment activists stage a rally calling for a strong global plastics treaty ahead of the fifth session of the Intergovernmental Negotiating Committee on Plastic Pollution which sets to be held from Nov. 25 to Dec. 1 in Busan, South Korea, Saturday, Nov. 23, 2024. (Son Hyung-joo/Yonhap via AP)

Environment activists stage a rally calling for a strong global plastics treaty ahead of the fifth session of the Intergovernmental Negotiating Committee on Plastic Pollution which sets to be held from Nov. 25 to Dec. 1 in Busan, South Korea, Saturday, Nov. 23, 2024. (Son Hyung-joo/Yonhap via AP)

Activists from Greenpeace hold banners ahead of the opening ceremony of the fifth session of the Intergovernmental Negotiating Committee on Plastic Pollution in Busan, South Korea, Monday, Nov. 25, 2024. (Kang Sun-bae/Yonhap via AP)

Activists from Greenpeace hold banners ahead of the opening ceremony of the fifth session of the Intergovernmental Negotiating Committee on Plastic Pollution in Busan, South Korea, Monday, Nov. 25, 2024. (Kang Sun-bae/Yonhap via AP)

Environment activists shout slogans during the press conference outside of the venue for the fifth session of the Intergovernmental Negotiating Committee on Plastic Pollution in Busan, South Korea, Monday, Nov. 25, 2024. (Cha Keun-ho/Yonhap via AP)

Environment activists shout slogans during the press conference outside of the venue for the fifth session of the Intergovernmental Negotiating Committee on Plastic Pollution in Busan, South Korea, Monday, Nov. 25, 2024. (Cha Keun-ho/Yonhap via AP)

Chair of the International Negotiating Committee, Luis Vayas Valdivieso, center, speaks next to Inger Andersen, Executive Director of UNEP, second from right, during the press conference for the fifth session of the Intergovernmental Negotiating Committee on Plastic Pollution in Busan, South Korea, Monday, Nov. 25, 2024. (Son Hyung-joo/Yonhap via AP)

Chair of the International Negotiating Committee, Luis Vayas Valdivieso, center, speaks next to Inger Andersen, Executive Director of UNEP, second from right, during the press conference for the fifth session of the Intergovernmental Negotiating Committee on Plastic Pollution in Busan, South Korea, Monday, Nov. 25, 2024. (Son Hyung-joo/Yonhap via AP)

Participants attend at the opening ceremony of the fifth session of the Intergovernmental Negotiating Committee on Plastic Pollution in Busan, South Korea, Monday, Nov. 25, 2024. (Kang Sun-bae/Yonhap via AP)

Participants attend at the opening ceremony of the fifth session of the Intergovernmental Negotiating Committee on Plastic Pollution in Busan, South Korea, Monday, Nov. 25, 2024. (Kang Sun-bae/Yonhap via AP)

A discarded plastic bag floats in the water at Botafogo beach in Rio de Janeiro, Tuesday, Nov. 26, 2024. (AP Photo/Bruna Prado)

A discarded plastic bag floats in the water at Botafogo beach in Rio de Janeiro, Tuesday, Nov. 26, 2024. (AP Photo/Bruna Prado)

Motorists ride past garbage, most of them plastic, piled up on the side of a road in Jakarta, Indonesia, Tuesday, Nov. 26, 2024. (AP Photo/Dita Alangkara)

Motorists ride past garbage, most of them plastic, piled up on the side of a road in Jakarta, Indonesia, Tuesday, Nov. 26, 2024. (AP Photo/Dita Alangkara)

Motorists ride past garbage, most of them plastic, piled up on the side of a road in Jakarta, Indonesia, Tuesday, Nov. 26, 2024. (AP Photo/Dita Alangkara)

Motorists ride past garbage, most of them plastic, piled up on the side of a road in Jakarta, Indonesia, Tuesday, Nov. 26, 2024. (AP Photo/Dita Alangkara)

A man walks along a canal polluted with plastic and other waste at a low-income neighborhood in Jakarta, Indonesia, Tuesday, Nov. 26, 2024. (AP Photo/Dita Alangkara)

A man walks along a canal polluted with plastic and other waste at a low-income neighborhood in Jakarta, Indonesia, Tuesday, Nov. 26, 2024. (AP Photo/Dita Alangkara)

An abandoned plastic boat lies on a dry bank of the Sava river in Belgrade, Serbia, Tuesday, Nov. 26, 2024. (AP Photo/Darko Vojinovic)

An abandoned plastic boat lies on a dry bank of the Sava river in Belgrade, Serbia, Tuesday, Nov. 26, 2024. (AP Photo/Darko Vojinovic)

A coot floats between dumped plastic bottles and waste on the bank of the river Sava in Belgrade, Serbia, Tuesday, Nov. 26, 2024. (AP Photo/Darko Vojinovic)

A coot floats between dumped plastic bottles and waste on the bank of the river Sava in Belgrade, Serbia, Tuesday, Nov. 26, 2024. (AP Photo/Darko Vojinovic)

Plastic garbage storage in a hall of the Interzero plastic sorting facility in Berlin, Germany, Wednesday, Nov. 27, 2024. (AP Photo/Markus Schreiber)

Plastic garbage storage in a hall of the Interzero plastic sorting facility in Berlin, Germany, Wednesday, Nov. 27, 2024. (AP Photo/Markus Schreiber)

Alexandra Water Warriors volunteers cleanup the Juksei river in the heart of Alexandra township from plastic pollution in Johannesburg, South Africa, Wednesday, Nov. 27, 2024. (AP Photo/Jerome Delay)

Alexandra Water Warriors volunteers cleanup the Juksei river in the heart of Alexandra township from plastic pollution in Johannesburg, South Africa, Wednesday, Nov. 27, 2024. (AP Photo/Jerome Delay)

Alexandra Water Warriors volunteers cleanup the Juksei river in the heart of Alexandra township from plastic pollution in Johannesburg, South Africa, Wednesday, Nov. 27, 2024. (AP Photo/Jerome Delay)

Alexandra Water Warriors volunteers cleanup the Juksei river in the heart of Alexandra township from plastic pollution in Johannesburg, South Africa, Wednesday, Nov. 27, 2024. (AP Photo/Jerome Delay)

Plastic garbage bales stand at the courtyard of the Interzero plastic sorting facility in Berlin, Germany, Wednesday, Nov. 27, 2024. (AP Photo/Markus Schreiber)

Plastic garbage bales stand at the courtyard of the Interzero plastic sorting facility in Berlin, Germany, Wednesday, Nov. 27, 2024. (AP Photo/Markus Schreiber)

People pass by a poster calling for a reduction in plastic production while the fifth session of the Intergovernmental Negotiating Committee on Plastic Pollution is being held in Busan, at a bus station in Seoul, South Korea, Thursday, Nov. 28, 2024. (AP Photo/Ahn Young-joon)

People pass by a poster calling for a reduction in plastic production while the fifth session of the Intergovernmental Negotiating Committee on Plastic Pollution is being held in Busan, at a bus station in Seoul, South Korea, Thursday, Nov. 28, 2024. (AP Photo/Ahn Young-joon)

A cow looks for food by a pond surrounded with plastic waste in Hyderabad, India, Tuesday, Nov. 26, 2024. (AP Photo/Mahesh Kumar A.)

A cow looks for food by a pond surrounded with plastic waste in Hyderabad, India, Tuesday, Nov. 26, 2024. (AP Photo/Mahesh Kumar A.)

FILE- A boy sits on a tire among garbage during sunset at a beach in Saint-Marc, Haiti, Thursday, Oct. 10, 2024. (AP Photo/Odelyn Joseph, File)

FILE- A boy sits on a tire among garbage during sunset at a beach in Saint-Marc, Haiti, Thursday, Oct. 10, 2024. (AP Photo/Odelyn Joseph, File)

Plastic garbage bales stand at the courtyard of the Interzero plastic sorting facility facility in Berlin, Germany, Wednesday, Nov. 27, 2024. (AP Photo/Markus Schreiber)

Plastic garbage bales stand at the courtyard of the Interzero plastic sorting facility facility in Berlin, Germany, Wednesday, Nov. 27, 2024. (AP Photo/Markus Schreiber)

FILE- A classic American car drives past garbage in Havana, Cuba, Sept. 24, 2024. (AP Photo/Ramon Espinosa, File)

FILE- A classic American car drives past garbage in Havana, Cuba, Sept. 24, 2024. (AP Photo/Ramon Espinosa, File)

FILE- An abandoned dog house sits alongside a landfill covered with discarded plastic materials in Asuncion, Paraguay, Tuesday, Nov. 26, 2024. (AP Photo/Jorge Saenz, File)

FILE- An abandoned dog house sits alongside a landfill covered with discarded plastic materials in Asuncion, Paraguay, Tuesday, Nov. 26, 2024. (AP Photo/Jorge Saenz, File)

FILE- A priest sits amid the garbage left by devotees during 'Kuse Aunsi' at Gokarneshwor Temple in Kathmandu, Nepal, Monday, Sept. 2, 2024. (AP Photo/Niranjan Shrestha)

FILE- A priest sits amid the garbage left by devotees during 'Kuse Aunsi' at Gokarneshwor Temple in Kathmandu, Nepal, Monday, Sept. 2, 2024. (AP Photo/Niranjan Shrestha)

FILE- A pedestrian carries takeaway food plastic bags in Hong Kong, Wednesday, March 13, 2024. (AP Photo/Louise Delmotte, File)

FILE- A pedestrian carries takeaway food plastic bags in Hong Kong, Wednesday, March 13, 2024. (AP Photo/Louise Delmotte, File)

FILE- Revelers stand near a pile of garbage before a bullrun with bulls from La Palmosilla ranch during the first day of the running of the bulls at the San Fermín fiestas in Pamplona, Spain, Sunday, July 7, 2024. (AP Photo/Alvaro Barrientos, File)

FILE- Revelers stand near a pile of garbage before a bullrun with bulls from La Palmosilla ranch during the first day of the running of the bulls at the San Fermín fiestas in Pamplona, Spain, Sunday, July 7, 2024. (AP Photo/Alvaro Barrientos, File)

FILE- Recyclable collectors work at the Lixao open-air dump in Santo Antonio do Descoberto, Goias state, Brazil, June 4, 2024. (AP Photo/Eraldo Peres, File)

FILE- Recyclable collectors work at the Lixao open-air dump in Santo Antonio do Descoberto, Goias state, Brazil, June 4, 2024. (AP Photo/Eraldo Peres, File)

A sanitation worker collects trash, Saturday, Nov. 16, 2024, in the Brooklyn borough of New York. (AP Photo/Yuki Iwamura)

A sanitation worker collects trash, Saturday, Nov. 16, 2024, in the Brooklyn borough of New York. (AP Photo/Yuki Iwamura)

FILE- A man walks past waste floating in the Drina river near Visegrad, Bosnia, Jan. 10, 2024. (AP Photo/Armin Durgut, File)

FILE- A man walks past waste floating in the Drina river near Visegrad, Bosnia, Jan. 10, 2024. (AP Photo/Armin Durgut, File)

Coots float between dumped plastic bottles and waste on the bank of the river Sava in Belgrade, Serbia, Tuesday, Nov. 26, 2024. (AP Photo/Darko Vojinovic)

Coots float between dumped plastic bottles and waste on the bank of the river Sava in Belgrade, Serbia, Tuesday, Nov. 26, 2024. (AP Photo/Darko Vojinovic)

People walk past plastic waste on Badhwar Park beach by the Arabian Sea coast in Mumbai, India, Tuesday, Nov. 26, 2024.(AP Photo/Rajanish Kakade)

People walk past plastic waste on Badhwar Park beach by the Arabian Sea coast in Mumbai, India, Tuesday, Nov. 26, 2024.(AP Photo/Rajanish Kakade)

A plastic bottle is stuck in a bush in Valdemanco, outskirts of Madrid, on Wednesday, Nov. 27, 2024. (AP Photo/Bernat Armangue)

A plastic bottle is stuck in a bush in Valdemanco, outskirts of Madrid, on Wednesday, Nov. 27, 2024. (AP Photo/Bernat Armangue)

Alexandra Water Warriors volunteers cleanup the Juksei river in the heart of Alexandra township from Plastic pollution in Johannesburg, South Africa, Wednesday, Nov. 27, 2024. (AP Photo/Jerome Delay)

Alexandra Water Warriors volunteers cleanup the Juksei river in the heart of Alexandra township from Plastic pollution in Johannesburg, South Africa, Wednesday, Nov. 27, 2024. (AP Photo/Jerome Delay)

Plastic waste is stored in a recycling centre in Frankfurt, Germany, Wednesday, Nov. 27, 2024. (AP Photo/Michael Probst)

Plastic waste is stored in a recycling centre in Frankfurt, Germany, Wednesday, Nov. 27, 2024. (AP Photo/Michael Probst)

Plastic bottles collected from garbage dumps and streets by recycler Jorge Tejada fill a bag, in Lima, Peru, Tuesday, Nov. 26, 2024. (AP Photo/Guadalupe Pardo)

Plastic bottles collected from garbage dumps and streets by recycler Jorge Tejada fill a bag, in Lima, Peru, Tuesday, Nov. 26, 2024. (AP Photo/Guadalupe Pardo)

FILE- Waste pickers Salmaa and Usmaan Shekh, right, search for recyclable materials during a heat wave at a garbage dump on the outskirts of Jammu, India, Wednesday, June 19, 2024. (AP Photo/Channi Anand, File)

FILE- Waste pickers Salmaa and Usmaan Shekh, right, search for recyclable materials during a heat wave at a garbage dump on the outskirts of Jammu, India, Wednesday, June 19, 2024. (AP Photo/Channi Anand, File)

People store various waste materials in plastic sacks for sorting out in New Delhi, India, Tuesday, Nov. 26, 2024. (AP Photo/Manish Swarup)

People store various waste materials in plastic sacks for sorting out in New Delhi, India, Tuesday, Nov. 26, 2024. (AP Photo/Manish Swarup)

Rabbits wrapped in plastic bags are displayed for sale at a market in downtown Barcelona, Spain, Wednesday, Nov. 27, 2024. (AP Photo/Emilio Morenatti)

Rabbits wrapped in plastic bags are displayed for sale at a market in downtown Barcelona, Spain, Wednesday, Nov. 27, 2024. (AP Photo/Emilio Morenatti)

Motorists ride past garbage, most of them plastic, piled up on the side of a road in Jakarta, Indonesia, Tuesday, Nov. 26, 2024. (AP Photo/Dita Alangkara)

Motorists ride past garbage, most of them plastic, piled up on the side of a road in Jakarta, Indonesia, Tuesday, Nov. 26, 2024. (AP Photo/Dita Alangkara)

FILE- Nina Gomes recovers a discarded plastic bag from ocean waters, near Copacabana beach in Rio de Janeiro, Brazil, March 19, 2024. (AP Photo/Bruna Prado, File)

FILE- Nina Gomes recovers a discarded plastic bag from ocean waters, near Copacabana beach in Rio de Janeiro, Brazil, March 19, 2024. (AP Photo/Bruna Prado, File)

Children walk along debris, including plastics, that was washed ashore from previous typhoons along a bayside slum area on Tuesday, Nov. 26, 2024, in Navotas, Philippines. (AP Photo/Aaron Favila)

Children walk along debris, including plastics, that was washed ashore from previous typhoons along a bayside slum area on Tuesday, Nov. 26, 2024, in Navotas, Philippines. (AP Photo/Aaron Favila)

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