MAG Group Holding, a Dubai-based multinational conglomerate with diverse interests spanning real estate, hospitality, and other sectors, has announced robust financial results for the fiscal year 2023. The conglomerate’s various real estate subsidiaries collectively achieved sales totaling AED 12.6 billion ($3.4 billion).
Notably, sales for the innovative Keturah brand, established the previous year, reached AED 2.5 billion, primarily attributed to the Keturah Reserve development in Meydan. Conversely, sales at ‘The Ritz-Carlton Residences, Dubai, Creekside,’ a component of the Keturah Resort, amounted to AED 2.8 billion. Furthermore, MAG Group Holding reported that 70% of the Keturah Resort has been successfully sold, according to its statement.
