Sunday 26 October 2014
 
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MAG plans $217m health city project in Dubai

Dubai-based MAG Group has signed a joint venture (JV) deal with Dubai Healthcare City to develop a one-million sq ft mixed-use project at an estimated cost of around Dh800 million ($217.7 million).   The development, which is

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MAG to hand over Dubai Marina tower

Dubai-based MAG Group Property Development said its Dh450 million ($122.5 million) residential tower, comprising 555 apartments spread over 66 floors, was now complete and ready for handover. The company announcement comes following the of

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MAG chief eyes Dubai property recovery

Improved liquidity, greater transparency and tougher regulations will be key to the recovery of Dubai’s real estate market, said Mohammed Nimer, the CEO of MAG Group Property Development. Nimer was speaking at the Infrastructure and Proper

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Zotac launches world’s first ‘everywhere PC’

Zotac International, a leading manufacturer of motherboards and graphics cards, has launched the world’s first everywhere PC -- Zotac MAG (mini all-in-one giant) system. The Zotac MAG is a compact system that fits anywhere from the living

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MAG, Continental talks on tyre plant sale stutter

Syrian-owned MAG group said on Wednesday it plans to start due diligence to buy a French tyre factory as soon as possible, despite wranglings over the letter of intent with Germany's Continental. MAG, a Dubai-based industrial and property

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Continental open to MAG offer for French tyre plant

German automotive supplier Continental AG is interested in a proposal from Syrian-owned MAG group to buy a French tyre factory in Clairoix that is due to be closed. "We will send a response in the course of this week," said a spokesman for

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UAE's firm eyes Continental plant

A Gulf-based group is pressing ahead with plans to buy a strike-hit tyre factory in France and has plans to produce 3 million tyres a year with around half its current workforce. United Arab Emirates-based industrial and property group MAG

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MAG in talks to buy Continental plant

United Arab Emirates-based industrial and property group MAG said on Sunday it was in 'initial' talks with Continental AG to buy a factory in France but it was too early to talk about striking a deal. 'The MAG Group confirms th

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UAE 'in need of co-ordinated realty package'

A UAE-based real estate expert has called on industry professionals including government agencies such as Rera to help create a co-ordinated package of measures to kick-start the UAE property market. Mohammed Nimer, CEO of mid market prope

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Foreigners dominate freehold market

Two out of three of all new freehold properties in the UAE are bought by foreign corporates or individuals who live outside the country, according to one of Dubai's leading property developers. MAG Group Property Development, which is look

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