Moafaq Al Gaddah

Moafaq Al Gaddah founded MAG Group in 1978 in the UAE. The firm has since grown to include 20 large companies employing more than 2,000 people and operating in a number of economic verticals, including trading, auto spare parts and accessories, manufacturing, shipping and logistics, construction, real estate, and more. Al Gaddah has risen from humble beginnings in Syria to head an all industry business conglomerate that now spans the globe.

MAG Group is currently developing the $544.5m (AED2bn) multi-phase project, The Polo Residences and The Polo Townhouses, in Meydan City. The Polo Townhouses are due for handover by Q4 2015, whereas the Polo Residences are slated for delivery by Q4 2017. Other projects include a logistics development in Al Quoz due for handover by the end of 2016, and Phase 1 of the Sharjah Complex project in Al Saja’a, which will be delivered by the end of H1 2016.

The company’s delivered projects portfolio is worth $1.3bn (AED5bn), with others under development and in the planning stage worth the same amount.

MAG Group also plans to launch a $177m (AED650m) residential tower in Jumeirah Lake Towers – Cluster K in the future, after receiving all necessary approvals.