Top 100 GCC Real Estate Developers: Mag Lifestyle Development
Talal Moafaq Al Gaddah-led developer is working on projects such as Mag City in Dubai's upscale Meydan area
Moafaq Ahmad Al Gaddah established Moafaq Al Gaddah (Mag) Group in Abu Dhabi in 1978, and the company today includes property development company Mag Lifestyle Development, which is headed up by chief executive officer, Talal Moafaq Al Gaddah.
This August, the developer awarded a contract to China National Chemical Engineering Group (CNCEC) – which according to its website is directly managed by China’s State-owned Assets Supervision and Administration Commission (Sasac) – for the construction of its Mag City project, which marks Phase 1 of its Mag Eye development in Dubai’s Mohammed Bin Rashid City (MBR City) in Meydan District 7.
Construction Week’s Top 100 GCC Real Estate Developers 2019 list is a compilation of the region’s most influential and successful property firms.
The list has been produced based on publicly available information, and is not a ranking.