Dubai's MAG developing mixed-use scheme in Texas
Firm has acquired some 80 acres of land in Frisco, Dallas
Dubai-based conglomerate Moafaq Ahmed Al Gaddah (MAG) Group is developing a mixed-use commercial and residential project in Texas, it's only real estate project outside of the UAE.
The Group has acquired some 80 acres of land in Frisco, Dallas, with the project currently in the design stage.
“We have undertaken studies on the US market and one of the fastest growing cities there for the residential market is Dallas. It has lots of yearly residential growth. We saw a gap in the market and went for it. The project is going to be a compound with full services and facilities. We will lease it,” said MAG Group owner and chairman Moafaq Ahmed Al Gaddah.
For the full interview see Saturday's edition of Construction Week.