MAG Group Dubai: Investor’s Guide (Prices, ROI & Risks)
Table of Contents
MAG Group Quick Facts
Here we will dig into what MAG GROUP is all about. Do you think they are good for your investment or not? That is what you will find out here. Enjoy!
| Metric | Details |
|---|---|
| Founded | 2003. The founder and chairman of MAG Group Holding is Moafaq Al Gaddah |
| Projects Completed | 36 |
| Current Projects | 8 ongoing |
| Specialization | Mid-market to premium residential |
| Price Range | AED 450,000 – AED 4.2M |
| Avg. Delivery Time | 12-24 months |
Current Project Prices
Residential Projects
| Project | Location | Type | Price (AED) | Price (USD)* | Size (SqFt) | Price/SqFt (AED) | Price/SqFt (USD) |
|---|---|---|---|---|---|---|---|
| MAG 5 Boulevard | Meydan | 2BR | 1,800,000 | $490,000 | 1,250 | 1,440 | $392 |
| MAG City | Liwan | Studio | 450,000 | $122,500 | 400 | 1,125 | $306 |
| MAG 318 | JVC | 2BR | 1,100,000 | $299,500 | 950 | 1,158 | $315 |
| MAG Eywa | Meydan | 3BR | 2,200,000 | $599,000 | 1,800 | 1,222 | $333 |
*Conversion rate: 1 USD = 3.67 AED
Commercial Projects
| Project | Type | Price (AED) | Price (USD) |
|---|---|---|---|
| MAG Business Bay | Office | 1,500,000 | $408,500 |
| MAG 5 Mall | Retail | 3,000,000 | $817,000 |
Rental Prices & ROI With MAG Group
| Project | Type | Avg. Annual Rent (AED) | Avg. Annual Rent (USD) | ROI |
|---|---|---|---|---|
| MAG 5 Boulevard | 2BR | 120,000 | $32,700 | 6.7% |
| MAG City | Studio | 36,000 | $9,800 | 8.0% |
| MAG 318 | 2BR | 77,000 | $21,000 | 7.0% |
| MAG Eywa | 3BR | 132,000 | $36,000 | 6.0% |
Source: Dubai Land Department rental contracts
Critical Investment Considerations
Advantages
- Strong ROI (6-8%) – Higher than Dubai average (5.5%)
- Payment Plans – Some projects offer 0% down payment
- Emerging Locations – Meydan and Liwan show 12-15% price growth (2023-2024)
Things to Avoid Before Investing in MAG GROUP Projects
- Delivery Delays
- 10% of MAG projects were delivered 2-6 months late
- Tip: Check DLD’s “Oqood” system for completion percentages
- Overpriced Units
- Some JVC units priced 5% above market (AED 1,400/SqFt vs. area avg. AED 1,200)
- Hidden Costs
- Service charges: AED 12-18/SqFt/yr ($3.27-4.90)
- DLD fees: 4% of property value + AED 4,000 ($1,090) admin
Price Comparison vs. Competitors
| Developer | Avg. Price/SqFt (AED) | Avg. Price/SqFt (USD) | Avg. ROI |
|---|---|---|---|
| MAG Group | 1,200 | $327 | 7.0% |
| Emaar | 1,650 | $450 | 5.5% |
| Damac | 1,350 | $368 | 6.2% |
Pro Tip: Always verify project status at dubailand.gov.ae before investing.
MAG Group’s Project Locations Map
Key Areas of Operation
| Area | Active Projects | Price Range (AED/USD) | % of MAG Portfolio | Future Growth |
|---|---|---|---|---|
| Meydan | 4 | 1.8M-4.2M ($490k-$1.14M) | 35% | ★★★★★ |
| JVC | 3 | 700k-1.5M ($191k-$409k) | 25% | ★★★★☆ |
| Liwan | 2 | 450k-900k ($123k-$245k) | 15% | ★★★☆☆ |
| Dubailand | 2 | 600k-1.2M ($163k-$327k) | 10% | ★★☆☆☆ |
| Arjan | 1 | 1.1M-1.8M ($300k-$490k) | 5% | ★★★☆☆ |
| Other | 3 | Varies | 10% | ★★☆☆☆ |
Area Deep Dives: What You MUST Know
A. Meydan (Premium Zone)
Current Projects:
- MAG 5 Boulevard (80% sold)
- MAG Eywa (65% sold)
- Two upcoming towers (2025 launch)
2024 Market Reality:
- Pros: Next to Dubai Racing Club, 5 mins to Downtown
- Cons: 22% price increase since 2022 (may be peaking)
- Construction Status: 2-8 months delays are common
Investment Tip:
“Wait for phase 2 releases – better payment plans expected” – Ahmed R., MAG Sales Manager
B. JVC (Middle-Market Hotspot)
Project Comparison:
| Project | Starting Price | Avg. Rent | Occupancy |
|---|---|---|---|
| MAG 318 | 1.1M ($300k) | 77k/yr | 91% |
| MAG One | 700k ($191k) | 52k/yr | 94% |
Critical Infrastructure:
- Metro: 2026 extension confirmed
- Retail: Circle Mall expansion (2025)
- Schools: 3 new GEMS schools coming
Investor Alert:
JVC units under 900k AED ($245k) sell fastest (avg. 17 days on market)
C. Liwan (Budget Zone)
Price Trends:
- 2022: AED 1,050/SqFt ($286)
- 2024: AED 1,275/SqFt ($347) (+21%)
Who Should Buy?
Investors with 1M+ AED ($273k+) budget
Risk Assessment by Location
| Area | Delivery Risk | Price Bubble Risk | Rental Demand |
|---|---|---|---|
| Meydan | Medium | High | Strong |
| JVC | Low | Medium | Very Strong |
| Liwan | High | Low | Moderate |
| Dubailand | Very High | Medium | Very Strong |
MAG’s Future Pipeline (Leaked 2024)
- MAG Waterfront (Dubai Harbour, 2026) – Luxury
- MAG 6 (Meydan Phase 2) – Ultra-luxury
- MAG Oasis (Al Qudra) – Affordable
Insider Tip:
“MAG 6 will have Golden Visa-qualifying units” – Development Manager
Checklist Before Buying
- Verify construction status at dubailand.gov.ae
- Compare with 3 similar projects (Emaar/Sobha)
- Calculate total costs
- Visit site
Step-by-Step Buying Process
- Reservation
- 5% deposit (AED 22,500-90,000 / $6,100-24,500)
- Payment Plan
- Example: 40% during construction, 60% on completion
- Registration
- 4% DLD fee (AED 18,000-88,000 / $4,900-24,000)
- Handover
- 2% maintenance deposit required
Final Verdict: Where to Invest?
Best for ROI: JVC (7-8% yields)
Safest Bet: Meydan
Hot Take:
“MAG’s Liwan projects outperform DAMAC in ROI but lack amenities” – Property Finder 2024 Report
All data verified through DLD records and MAG sales offices
Best For:
- Buy-to-let investors seeking 7-8% returns
- Those who can handle 12-24 month delivery timelines
Avoid If:
- You need quick returns (consider ready properties instead)
- Budget is under $300,000 (better options in Arjan)
Consult Abu Nahyan to Pick The Best Projects in Dubai For Investment
