Talal Al Gaddah is CEO of MAG Property Developments, part of
the UAE’s well established MAG Group formed by his father, group chairman
Moafaq Al Gaddah, three decades ago in 1978. Since then, the group has evolved
to become a large multinational with 50 companies covering almost every country
in the world, 2,000 staff and activities spanning commercial, real estate,
service and industrial.
Al Gaddah junior heads up MAG Property Development. He has
been reported as saying he wants the company to become one of the top five
developers in the UAE, and ultimately expand to locations including the Far
East, the US and Europe. It has already completed a series of high-rise towers
and hotel apartments and plans more projects in Downtown Dubai, Jumeirah Lakes
Towers and Sharjah.
Al Ghaddah is also involved in Mag Group’s new affordable
business, MAG 5 PD — a joint venture between MAG Property Developments and the
holding company. Al Ghaddah told the construction press last August the
division had been set up to cater to the growing number of expats in Dubai “who
are choosing to put roots down in the city and wish to purchase property as
homes first [and] foremost and not just assets to turn a profit”. Last year it
launched MAG 5 Boulevard, an affordable housing community in Dubai.
Follow us on
