Moafaq Al Gaddah’s story is a simple tale of hard work, hope, and big dreams. He is the founder and chairman of MAG Group Holding, a company known for its success in many fields, especially real estate. Growing up in a small village in Syria, Moafaq was not born into wealth. Instead, he built his life step by step, always guided by determination and a deep belief in doing what is right.
Humble Beginnings and Early Ambitions
Moafaq’s early life was far from easy. He was raised in a rural part of Syria, where every day brought its own set of challenges. At 15, his journey took him to Kuwait in search of better opportunities. Even as a teenager, he showed his entrepreneurial spirit.
He started selling clothes in a local market, learning the art of sales and the value of hard work. From a simple stall in a busy souq, he slowly found his gift for business. He faced tough competition and even had to watch out for local officials because his stall was unlicensed, but these setbacks only made him stronger.
Building the MAG Group
Moafaq started MAG Group in Abu Dhabi in 1978, first selling auto parts. His business kept growing and now covers areas like real estate, manufacturing, engineering, hospitality, and more. MAG Group includes over 50 companies and has around 2,000 employees worldwide, with offices in the UAE, China, Iraq, Turkey, and the USA.
The company is well known for its real estate projects, including the Emirates Financial Towers in Dubai, which made it into the Guinness World Records and other developments in Jumeirah Lakes Towers and Creekside.
Achievements and Recognition
Moafaq Al Gaddah is not just known for the size of his business, but also for how he runs it. He believes in integrity, transparency, and fairness. Thanks to his leadership, MAG Group has earned many awards.
In 2018, Moafaq received the “Outstanding Contribution Award” at the Arabian Business Real Estate Awards. In 2017, the Asian Business Leadership Forum honored him with the “Business Excellence Award.” He was even named the “Entrepreneur of the Year” earlier in his career and has been on the list of the world’s most influential Arabs.
Moafaq has been a board member of the World Economic Forum and was the first person chosen as Ambassador of the Arab Family. His efforts have helped change the UAE’s real estate landscape, making Dubai and other cities a beacon for global investors.
About MAG Group and Its Growth
Under Moafaq’s guidance, MAG Group has become one of the largest business groups in the Gulf. The company has recently recorded sales over AED 12.6 billion in 2023 and boasts a development portfolio worth nearly USD 12 billion. One of their new brands, Keturah, even sold over AED 2.5 billion at its Keturah Reserve development in Meydan.
MAG Lifestyle Development, one of the group’s biggest divisions, creates unique homes, luxury residences, and new community spaces that attract people from all over the world. The company’s focus is on innovation, quality, and making life better for its clients.
Life Philosophy and Principles
Moafaq believes in balance; while he works hard, he also enjoys life’s comforts without being excessive. Moafaq’s commitment to family extends to his work. He has supported many social causes, including education for needy students. He feels strongly about giving back to the community, especially helping children and young people get a good start in life.
The Road Ahead
Moafaq Al Gaddah’s life is a perfect reminder that with dedication, a strong sense of right and wrong, and a big dream, anyone can overcome difficulties and do great things. From a boy in a small village to the founder of a worldwide business group, he has always relied on hard work, perseverance, and kindness. Today, MAG Group stands as a symbol of success driven by vision and integrity values that Moafaq lives every day, at work and at home.
