Saturday 30 August 2014
 
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MAG Group

MAG plans $4bn investment in Dubai property

Dubai-based MAG Group plans to invest up to Dh15 billion ($4.08 billion) in the future of Dubai and the wider UAE especially in the build-up to Expo 2020, said its chairman. Outlining the company’s investment plans across re

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MAG Group to launch $884m Dubai projects

Dubai-based multinational MAG Group will unveil a quartet of new Dubai freehold residential and retail leasing projects at Cityscape Global this month, with a combined sales value of Dh3.25 billion ($884 million).  

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Dubai 'must focus on attracting expats'

Dubai must focus heavily on continuing to attract expatriates and foreign companies, says a leading property developer. “I believe we will soon see the bottom of the current crisis but if we are to avoid the boom and bust cycle of the rece

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Mag urges banks to ease credit on home loans

Mag Group Property Development has called on banks to relax their lending criteria to prospective mid-price range home owners in order help them to raise affordable mortgages. Mohammed Nimer, CEO of Mag, which is involved in Dh3 billion ($

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Mid-priced 'properties to pick up first'

The end-user demand for affordable homes from mid-income bracket will drive sales of mid-range properties in the region, according to a top property expert. Mohammed Nimer, CEO of MAG Group Property Development, said 'With mid-range pr

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DIB offers mortgages on MAG properties

Dubai Islamic Bank (DIB) has signed an agreement to offer Shari'ah compliant finance to buyers of properties in a Dh2 billion ($0.54 billion) MAG Group Property Development portfolio. Under the agreement, Dubai Islamic Bank will offer fina

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MAG to showcase new projects at Cityscape

Dubai-based multinational MAG Group Property Development is to unveil further details of four new office and residential buildings during Cityscape Dubai. Cityscape Dubai, a major business-to-business property investment and development ev

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