When you invest in Dubai, you invest in the world’s most dynamic skyline.
February 5, 2018
At present, MAG Lifestyle Development has half a dozen active projects under development in various parts of Dubai. From gated communities, to the region’s largest wellness resort, to value homes. Facing lakes, racecourses, in the heart of downtown and even next to Dubai’s largest greenbelt.
THIS to me is a platform only Dubai can provide. The opportunity to diversify the MAG LD portfolio, the privilege to provide homes to a diverse range of customers, and more importantly, the honour of contributing to the growth of a city the world looks up to.
What is Dubai if not a collection of one of the world’s most inspiring success stories. Driven by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, whose vision underpins Dubai’s emergence as a major international business hub, a top tourism destination, and a haven for real estate investment – all achieved within the space of forty years.
Dubai’s healthy business environment is the product of its strategic location between the Far East and Europe, its open economy and its global outlook. The city is home to 20,000 international companies including offices from 124 of the Fortune 500 and major organisations like Facebook and LinkedIn; Dubai is the undisputed Middle Eastern base for companies of this calibre. At the same time, Dubai-based companies are setting up operations abroad, creating a synergistic business environment that attracts new investment and expertise to the Emirate, while also reaching outward to the world. For the same reason, Dubai has also become a favoured host for prestigious international events and conferences, most notably the upcoming Expo 2020.
This vision has also driven Dubai’s thriving tourism sector, which is gaining momentum in alignment with the Dubai Tourism Strategy to attract 20 million visitors per year by 2020. Dubai is well on track to reach this target as tourists around the world flock to discover the city’s exciting culinary, retail and hospitality landscape; celebrated architecture like the Burj Khalifa, the Burj Al Arab and newer attractions including the Dubai Frame; family-friendly entertainment destinations like Dubai Parks and Resorts; and leading sports destinations like the Emirates Golf Club and Meydan Racecourse. This has allowed Dubai to strengthen its position as one of the largest global hospitality markets and in 2018, the city is expected to witness continued growth in tourism arrivals.
For lifestyle developers like us, this opens doors to spaces that no other country in the world can offer. When we create plans that are solid, build-quality that is impeccable and promise delivery with integrity, the benefits that Dubai offers us are 10X. From impeccable transportation networks, to the best urban planning and outward connectivity, organisations like Dubai Municipality, DEWA, RTA, Etisalat, Du, Emicool, Empower, and Emirates Airlines are constantly adding the HAPPY to SMART, even for their B2B partners like MAG LD.
Even more important to us is the fact all of this has had a significant positive ripple effect on the city’s real estate investment environment, already characterised by transparency, exceptional quality and high return on investment. It is governed by the Dubai Land Department (DLD) based on clear laws and regulations that have been designed to safeguard investor rights and make purchasing, selling and leasing properties as efficient, simple and secure as possible. In line with this mission, Dubai has also eagerly embraced digital transformation in the real estate sector, allowing investors to benefit from an increasing number of smart real estate services and apps that have heightened customer convenience immeasurably.
Why then, would we at MAG LD not want to be a part of this amazing growth story? In a country that asks for nothing but happiness for its residents, sustainability for the world and innovation for the future. At the end of the day, we are not investing in Dubai’s growth. What I truly believe is that Dubai is, in fact, accelerating ours.
– Talal M. AlGaddah is the Chief Executive Officer of MAG Lifestyle Development and CEO Middle East Awards’ ‘Young CEO of the Year’ – 2017.
