MAG Property Development
BRONZEFounded 2006 • Dubai, UAE
65
Trust Score
Key Metrics
On-Time Delivery
73%
13 completed projects
Average Delay
6.1mo
when delays occur
Post-Handover Appreciation
2.4%
1-year average
Resale Velocity
51d
median days on market
Payment Flexibility
8/10
score
Total Projects
15
2 active
Financial Strength
STABLE
outlook
RERA Complaints
MEDIUM
volume tier
Financial & Regulatory
Leadership
Mohamed Al Khaja
Chairman/CEO
Financial Strength Tier
STABLE
Stable operations, solid backing
Flagship Projects
MAG 318
2012JBR
Mixed-use development
MAG Eye
2013JBR
Eye-shaped iconic tower
MAG 17
2015Dubai Residence
Residential complex
MAG Square
2016Dubai Residence
Mixed-use community
Payment Plan Examples
MAG 318
5% on signing, 35% during construction, 60% on handover
MAG Eye
10% on signing, 30% during construction, 60% on handover
MAG 17
5% on signing, 35% during construction, 60% on handover
Pros
- ✓Good payment flexibility (8/10)
- ✓Strategic location focus
- ✓Mixed-use expertise
- ✓Stable operations
Cons
- ✗Moderate delivery delays (6.1 months)
- ✗Medium complaint volume
- ✗Slow resale velocity (51 days)
- ✗Low appreciation (2.4%)
- ✗Limited Dubai portfolio depth
Best For
- →Mid-market buyers
- →Mixed-use location seekers
- →Flexible payment planners
- →JBR residents
Avoid If
- ⚠On-time delivery critical
- ⚠Seeking appreciation
- ⚠Large portfolio variety needed
- ⚠Risk-averse
Notable Achievements
- 5,000+ units delivered
- Strategic mixed-use positioning
- JBR market leadership
Recent News
Jan 20, 2026
MAG announces expansion of retail operations at MAG 318
Dec 10, 2025
MAG Eye Phase achieves 80% occupancy
Nov 1, 2025
MAG launches new project in Dubai Residence
Specialties
Mixed-use developmentsCommercialMid-market residentialStrategic locations
Cross-Links
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