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Mon 9 Apr 2018 09:58 PM

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MAG, Wasl and Dubai Properties take top honours at Arabian Business Real Estate Awards

Damac's Hussein Sajwani voted 'Real Estate Legend' on night of celebration for the region's real estate industry

MAG, Wasl and Dubai Properties take top honours at Arabian Business Real Estate Awards
The award winners at the inaugural Arabian Busines Real Estate Awards.

The UAE’s biggest real estate players walked away with the biggest prizes at the first ever Arabian Business Real Estate Awards held on Monday night, at the Ritz Carlton, DIFC.

Wasl Properties received the “Pioneers of Real Estate Award”, for its management of over 25,000 residential and commercial properties in Dubai.

The judges commended Wasl for being “an incredible story and an incredible company.”

Dubai Properties won “Outstanding Contribution to Real Estate (Company), while MAG Group founder Moafaq Al Gaddah won the Outstanding Contribution award by an individual.

Gaddah also took the “Innovation Project of the Year” award for MAG Creek Wellbeing Resort, by MAG Lifestyle Development.

Damac’s Hussein Sajwani was voted “Real Estate Legend” while other big winners included Ellington Group for “Innovation Company of the Year”, Azizi for Developer of the Year (UAE) and RAK Properties for Developer of the Year (Northern Emirates).

ARADA was named Master Developer of the Year. Bahrain’s Faisal Faqeeh won Visionary of the Year, and Jewelz by Danube took Best Branded Project.

The winners’ list in full:

Best REIT in the GCC: Equitativa Group

Software Management Company of the Year: Yardi Systems Ltd

Real Estate Brokerage of the Year: Sotheby’s

Architectural Design Firm of the Year – VX STUDIO

Developer of the Year – Northern Emirates: RAK Properties

Developer of the Year: Azizi Developments

Best Waterfront Project: Sharjah Oasis

Best Industrial Project: Sharjah Asset Management

Innovation Project of the Year: MAG Lifestyle Development

Best Residential Project: Serenia, The Palm

Real Estate Broker of the Year, UAE: Allsopp & Allsopp

Off Plan Project of the Year: Oriental Pearls

Best Branded Project: Jewelz by Danube

Best Design: J One          

Fastest Growing Company of the Year: Binghatti

Innovation Company of the Year: Ellington Group

Master Developer of the Year: Arada

Real Estate Legend: Hussain Sajwani

Visionary of the Year: Faisal Faqeeh

Outstanding Contribution: Moafaq Al Gaddah

Outstanding Contribution (Company) – Dubai Properties

Pioneers of Real Estate: Wasl Properties