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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 12 months, 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 offered.
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 Way of life Growth, Make investments Group Abroad (IGO), MBL, Shoumous, Artwork of Dwelling Mall along with plots and warehouses.
In his feedback, Moafaq Al Gaddah, Founder and Chairman of MAG Group Holding, stated: “Final 12 months was a profitable 12 months for us at MAG Group with undertaking 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 purpose to cement the emirate’s place as among the finest cities to work, reside and go to. We’re proud to contribute to the federal government’s mandate and can proceed attracting traders to our distinctive developments.”
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