GCC Real Estate Titans 2019

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Talal Moafaq Al Gaddah

Talal Moafaq Al Gaddah

Company:

MAG Lifestyle Development

Designation:

Managing Partner and CEO

As managing partner and CEO of MAG Lifestyle Development, Talal Moafaq Al Gaddah was instrumental in positioning the company as a leader among its competitors, locally and regionally, contributing to transforming the UAE’s real estate landscape by introducing innovative real estate concepts and identifying market needs.

At the age of 28, he managed the company and succeeded in increasing its portfolio of projects from $350m to $5bn in just five years, positioning it as one of the top three private developers in the UAE and among the top five developers in the region.

Under his stewardship, MAG’s average monthly sales increased from $15m to $55m and became one of the first developers in the region to introduce wellness homes and wellness-inspired projects.

Al Gaddah also attained several accolades for his vision and leadership, earning him a place among the most influential and achieving regional CEOs.

The company also announced the launch of its new payment plans that will initiate in October and will extend to up to 20 years, covering all the fees related to the project and making MAG the first regional developer to announce such plans.