MAG Signs Strategic Agreement with Dubai Land Department to Boost Real Estate Promotion and Investment

Real Estate

MAG Signs Strategic Agreement with Dubai Land Department to Boost Real Estate Promotion and Investment

MAG Lifestyle Development (MAG), one of the UAE’s foremost real estate developers, has signed a Memorandum of Understanding (MoU) with the Dubai Land Department (DLD) to support and advance the emirate’s real estate promotion strategy.

The agreement, signed by Talal Moafaq Al Gaddah, Senior Executive Vice Chairman of MAG, and Majida Ali Rashid, Assistant Director General of the Real Estate Development Sector at DLD, marks a significant step toward enhancing Dubai’s global positioning as a leading property investment hub. The signing ceremony was attended by senior officials from both entities.

This partnership aligns with MAG’s strategic goals to promote a sustainable and innovative real estate market in Dubai. Through this MoU, the company will collaborate closely with DLD on initiatives aimed at attracting foreign direct investment and stimulating growth across various real estate sectors.

As part of the agreement, MAG will participate in international promotional campaigns and showcase a broad portfolio of developments. These include luxury residences, commercial properties, hotel apartments, and second homes, in addition to specialized projects in the logistics, industrial, and education sectors.

MAG will also leverage global platforms, exhibitions, and focused marketing activities to amplify its international outreach and attract key investors and real estate portfolios worldwide.

Talal Moafaq Al Gaddah commented on the partnership: “This collaboration reaffirms MAG’s commitment to driving investment and enhancing Dubai’s global appeal. Public-private partnerships are essential to positioning the emirate as one of the world’s most attractive real estate destinations. Our focus remains on delivering exceptional projects that uphold the highest standards of quality, sustainability, and innovation, catering to international demand and aligning with Dubai's long-term vision.”

The initiative also supports Dubai’s Real Estate Strategy 33 and the Dubai Economic Agenda D33, underlining MAG’s commitment to adopting international best practices, diversifying its offerings, and building long-term stakeholder confidence in the emirate’s real estate sector.