UAE - Mubasher: MAG Development has decided to focus 95% of its investments in Dubai, expressing optimism about the future of investments in Dubai's real estate sector.

The real estate development arm of MAG Holding Group will benefit from the investment opportunities offered in Dubai to strengthen its position in the market, according to a press release on Thursday.

The real estate company has recently launched "MAG City" project in "Al Maidan District 7 “ at Muhammad Bin Rashid City in Dubai". 

Despite the coronavirus (COVID-19) repercussions on the real estate sector, the company's construction works are being implemented as per the schedule despite some interval halts.  

The CEO of MAG Development, Talal Moafaq Al Gaddah, said: "The emirate try hard to fulfill the ambitions to be the first globally in various fields. They save neither effort nor money to achieve their goals. This is directly reflected in the investment sectors, especially real estate investments."

Al Gaddah added: "The real estate developers do not have the luxury of choice in light of a crisis that has put great pressure on all economic sectors, so the company will adapt to these developments quickly."