Awards & Accolades
Recognition of our achievements marked by the industry awards.
Talal Al Gaddah certainly does not think small. In fact, he wants to cement MAG Property Development’s position as one of the top five developers in the UAE while also expanding to the Far East, Europe and the US. Under his stewardship, MAG PD became one of the first companies to address the need for contemporary housing by forming its ‘MAG 5 PD’ division. The company also established a ‘MAG of Life’ division for wellness homes and set a new precedent in the sector by launching the first wellness-inspired project in the region.
Forbes Middle East
MAG property Development is the real estate arm of MAG group, one of the region’s largest corporate entities founded in 1978. MAG Property Development has a project portfolio in excess of $2.7 billion. Their forthcoming projects include MAG 318 in Business Bay Dubai, MAG 230 on Dubai Land, MAG 226 at Jumeirah Village, Art Centre in Dubai, Shummous Residential in Sharjah and MAG 5 in Dubai. The Company expanded into the U.S. market with a $750 million investment in the Gate, a development located in Frisco, Texas.
CEO Middle East Awards 2017
Mr. Talal Moafaq Al Gaddah was awarded the coveted ‘Young CEO of the Year’ title at the CEO Middle East Awards 2017, which recognises top CEOs that have delivered outstanding results and made a vital contribution to the vibrancy of business across the region. Al Gaddah was selected by the expert panel of judges for his exceptional accomplishments with MAG PD, where he has been instrumental in building a real estate project portfolio that is now worth in excess of AED 10 billion. Al Gaddah’s instinctive experience of the property sector has allowed the company to identify strategic gaps in the market while also spearheading innovative new real estate concepts and an impressive series of firsts.
“I am honoured to have been recognised at the CEO Middle East Awards 2017. Since I joined MAG PD, I have been driven by a mission to fuel the UAE’s real estate market by attracting customers with developments that carefully meet their needs and convert their dreams into reality. Receiving this award is above all a great motivator, as it confirms that with my ongoing efforts and dedication, MAG PD is succeeding in this mission.” – Talal Al Gaddah
Talal Al Gaddah runs MAG Property Development, a subsidiary of the highly successful MAG Group, which was formed by his father Moafaq Al Gaddah in 1978. The property development arm has helped cement its position as one of the top five real estate developers in the UAE.
With an existing real estate portfolio worth more than $3bn, MAG has already completed a series of high-rise towers, hotel apartments and industrial projects in Dubai, Abu Dhabi and Sharjah. MAG PD currently has eight projects under construction in strategic areas such as Business Bay, Dubai South, JLT, and Meydan.
Construction Week Power 100
Talal Moafaq Al Gaddah’s UAE-based firm is expecting its revenues for the year to hit the $544.5m (AED2bn) mark by 31 December 2017 – more than double its performance in 2016, which stood at $136.1m (AED500m). This optimistic outlook is backed by the several projects MAG PD currently has in development, including MAG 5 Boulevard in Dubai South; MAG 230, which is adjacent to IMG World of Adventures; MAG 318 in Business Bay; MBL Residences in Jumeirah Lakes Towers (JLT); MAG Creek Wellbeing Resort in Dubai Healthcare City (DHCC) Phase II ; and Meydan District 7.
Singling out its Meydan project as the one that promises the biggest opportunity for the company, Al Gaddah commented: “A huge opportunity is our development of 4,000 units and 536 townhouses in Meydan – an area that is growing in popularity thanks to its proximity to key destinations, landmarks, and attractions, including Business Bay, Downtown Dubai, Dubai Healthcare City, and the Meydan racecourse.”
Asia Pacific Entrepreneurship Awards
As the CEO of MAG Property Development, Talal Moafaq Al Gaddah is responsible for overseeing the company’s overall direction and its organisational strategy. Heading the organisation’s six departments – Finance, Project Management, Sales, Marketing, Administration and Legal, Talal’s leadership and management skills are driving MAG Property Development to new heights. Talal’s aim is to consolidate MAG Property Development’s position as one of the top five real estate developers in the UAE, with the ultimate goal of expanding the company’s already considerable footprint to the Far East, Europe, the USA and even further afield.
Quote of Mr. Talal: “To lead the firm to become one of the top five developers in the UAE, and eventually expand internationally.”
Editorial Choice Award
CW’s editorial team selected the winner of this category based on the breadth and diversity of MAG PD’s development portfolio and its corporate strategy.
The company’s developments span multiple fields, from residential to industrial. It has delivered more than $1.3bn (AED5bn) worth of projects to date, and has roughly the same value under development.
The developer is now looking to make fresh inroads within the Middle East’s wellness and consumer healthcare market with MAG of Life division. Unveiled earlier this year, the brand is dedicated to sustainable, quality-of-life projects.
MAG PD plans to officially launch its first project under the MAG of Life moniker during the coming months.
Editorial Choice Award
Talal Moafaq Al Gaddah, chief executive officer of MAG Property Development (MAG PD), is in an enviable position at present. His company has delivered approximately $1.36bn (AED5bn) worth to date, and has the same value under development.
MAG PD’s portfolio consists of 12 projects across the UAE, and additional developments that are yet to be announced.
Al Gaddah tells Construction Week: “We have a mixed portfolio of projects underway, which are being delivered either by MAG PD or [in conjunction] with our partners IGO [Invest Group Overseas] and Shoumous Group. Our developments are residential, leisure, commercial and logistics, and future wellness.”
Inc.’s article 2015
Talal Al Gaddah is a prominent developer who heads up the MAG Group in the UAE and is focused on making his firm one of the top developers in the Arab world as well as expand into the U.S., Asia, and Europe. Numerous development projects throughout Dubai illustrate that he is capable of achieving that ambitious goal.
Talal Al Gaddah runs one of Dubai’s most prominent developers, part of the city’s MAG Group. Heading the company’s six departments; finance, project management, sales, marketing, administration and legal, Al Gaddah’s ambition is to lead the firm to become one of the top five developers in the UAE, and eventually expand internationally to locations such as the Far East, the US and Europe. The company has already completed a series of high-rise towers and hotel apartment buildings in Dubai, and is working on developing more projects in Business Bay, Jumeirah Lakes Towers and Meydan.
Moafaq Al Gaddah Group is one of the largest companies in the region and has a leading and reputable position. The company was formed three decades ago in Abu Dhabi in 1978. Since then the MAG Group has evolved to become a powerful and vibrant group embracing more than 50 companies and branches covering almost every country in the world and employing over 2,000 personnel. The activities of the group cover different sectors such as the commercial, real estate, service and industrial sectors.
Moafaq Ahmad Al Gaddah established Moafaq Al Gaddah (MAG) Group in Abu Dhabi in 1978 and has built it up to be one of the largest companies in the region, consisting of 50 companies and branches across the Middle East, and in Asia, Europe and Africa, employing 2000 people.
The group covers activities in commercial, real estate, industrial, cultural, tourism and service sectors.
Al Gaddah is also a member of the Syrian Business Council in the UAE, the World Economic Forum in Davos and the Arab Business Council in Cairo. He founded the first Arab fund to support Arab families and is lauded for his philanthropy.