Interviews Talal Al-Gaddah, CEO of MAG Property Development Published 1 year ago on June 29, 2016 By The Asian Entrepreneur Authors & Contributors Share Tweet Since its formation in 1978, Mag Property Development has evolved to become a powerful and vibrant group of more than 50 companies and branches covering almost every country in the world with over 2,000 employees. As the CEO of MAG Property Development, Talal Moafaq Al Gaddah is responsible for overseeing the company’s overall direction and its organisational strategy. Heading the organisation’s six departments – Finance, Project Management, Sales, Marketing, Administration and Legal, Talal’s leadership and management skills are driving MAG Property Development to new heights. Talal’s aim is to consolidate MAG Property Development’s position as one of the top five real estate developers in the UAE, with the ultimate goal of expanding the company’s already considerable footprint to the Far East, Europe, the USA and even further afield. Talal’s drive and enthusiasm is underpinned by his extensive background of industry success, much of it attained within the MAG Group. Prior to being appointed to his current role, he was Director of Sales and Marketing at Invest Group Overseas – a property development arm of MAG Group and the sister company for MAG Property Development. During his tenure, Talal achieved sales of AED1.5 billion in 12 months for The Polo Townhouses and The Polo Residence in Dubai, UAE. He was also instrumental in opening up new markets, including the successful launch of The Gate in Frisco City, Texas, USA. The entire Texas development was initiated by Talal and he was responsible for overseeing its every aspect from conception to completion. Talal’s dynamism in his role was enhanced by a year spent learning Leadership in Communication Strategy skills at the renowned UCLA in California, USA, where he was a student from 2011 to 2012. His studies enhanced the Bachelor’s degree in Business he was awarded in the Netherlands in 2007. MAG Property Development is the real estate development arm of MAG Group- one of the region’s largest corporate entities. The division is spearheading MAG Group’s ambition to be at the forefront of the region’s real estate industry through its dedication to the group’s corporate philosophy of innovation and continuous improvement. MAG Property Development aims to be a leader in the real estate construction industry by employing the highest standards to make a difference in people’s lives. MAG Property Development is committed to MAG Group’s code of ethics that base its business practices on honesty and integrity – uncompromising principles that are reflected at every level of its operations. MAG Group started out from humble beginnings in 1978 to become a major business conglomerate with an extensive overseas reach. In less than 40 years, entrepreneur and MAG Group founder Moafaq Al Gaddah has grown his holdings from a single spare parts trading concern in Abu Dhabi into an international empire of around 50 companies, covering the sectors of manufacturing, auto parts, real estate, education, contracting, hospitality, freight, pharmaceuticals, healthcare, the marine industry and logistics. There are now MAG offices across the Middle East, GCC, China, Turkey, Iraq and the USA, employing over 2,000 staff. MAG Group’s spectacular level of growth and success in under four decades has been attributed in part to the organisation’s incredibly high ethical standards. Throughout its expansion and movement into new industry sectors, MAG Group has developed an enviable reputation for integrity, transparency and financial probity in all its operations. The real estate division’s (MAG Property Development’s) state- of-the-art residential buildings include MAG Complex (Sharjah), MAG 214 (Dubai’s JLT), MAG 218 (Dubai Marina) and MAG 5 Residences (Abu Dhabi). Amongst MAG Property Development’s forthcoming projects include an exciting project located in Downtown, MAG 5 Boulevard in Dubai South, MAG 230, which is situated on Sheikh Mohammed Bin Zayed Road facing Al Barari; MAG 226 at Jumeirah Village Circle; The Polo Residence (Meydan); The Polo Townhouses (Meydan); Worldcare Wellness Centre (DHCC); Art Centre (Dubai) and Shoumous Residential (Sharjah). MAG Property Development strongly believes in following His Highness Sheikh Mohammed bin Rashid Al Maktoum’s vision. Its success has been due to this ethos and it is this DNA that runs through the group. His vision of Dubai Marina led to the development of MAG 218. His vision of JLT led to the development of MAG 214. When his vision then shifted towards building the Financial Centre, MAG PD built Emirates Financial Towers. He then decided to move the equestrian world from Nad El Sheba to Meydan, where (via its sister company IGO) they have since completed 106 homes in The Polo Townhouses and are halfway through a one of a kind, gated apartment community project called The Polo Residence. It has long since been proven that His Highness Sheikh Mohammed bin Rashid Al Maktoum will act on his vision and it is important for MAG PD to do so as well. The announcement of Dubai South in August 2015 led to the MAG 5 Boulevard project. The importance of happiness and affordability are a top priority for His Highness and MAG Property Development are developing within the city of happiness, housing the largest and most expensive airport in the world and – of course – the EXPO 2020. Along with MAG 230 (AED700 million), MAG 226 (AED250 million) and Worldcare Wellness Centre (AED 1 billion), Talal is now implementing his current project worth AED700 million. MAG Property Development’s most recent launch has been MAG 5 Boulevard- a new integrated and affordable residential community. Offering 1,172 residential units, as well as providing retail, dining, leisure and entertainment amenities, MAG 5 Boulevard is a 24-hour walkable living community covering more than 800,000ft2 of land. Handover for the development is scheduled to commence in Q4 2018. This project will be the first developed community in Dubai South, with several facilities that ensure that all residents will have access to many activities within their own backyard. A community pool, club house and landscaping will enrich the social life of the MAG 5 Boulevard community. The buildings are all designed to be in harmony with the surrounding environment of Dubai South, with the company committed to creating a green development that complies with the new direction for Dubai’s buildings to be environmentally friendly. Talal is renowned for his leadership skills and selecting the right people around him. As a result, MAG PD is one of the top employers in the UAE and selection is key. He is also known for his attention to detail- a skill that makes all the difference in the world of development. His natural abilities allow him to determine successful land purchase by envisaging what could be built there and by recognizing the gaps in the market. He listens, learns and guides all at the same time. For him, the most important thing is to not sit on any item and to make sure he keeps moving forward. Decision-making is key. Talal has to make many decisions on a daily basis and make them fast. His mentor is the chairman, whom he has seen grow to extremely great heights and ,having had the opportunity to shadow him, he now has the opportunity to unleash AED 6 billion worth of real estate within the next three years and the vision to become known as the number one developer in the MENA region. Related Topics:billionbusinessCEOEducationEntrepreneurfinancegrowthhealthcareimportanceleadershiplifeMarketingmentorsuccess Continue Reading You may like The Brittle vs. Ductile Strategy for Business What Kills A Startup Jasmine Tan, Director of Stone Amperor Is There A Coworking Space Bubble? Dextre Teh, Founder of Rebirth Academy Arthur Lam, Co-Founder of Synergy Callum Connects Jasmine Tan, Director of Stone Amperor Published 4 days ago on October 18, 2017 By Callum Laing Jasmine saves her clients time and effort when doing kitchen fit outs with her biz Stone Amperor. What’s your story? I started working in the industry in 2003. I was in a marble and granite supplier company for 5 years. Even though I left the company, I still had customers calling me for my services. I referred them back to my previous company but they refused to because they loved the fast response service that I offered. I realised that customers do look at prices, however most of them prefer quality over quantity. Thus I have decided to establish a sole proprietor company also known as 78 Degrees which later rebranded as Stone Amperor in 2014. What excites you most about your industry? The kitchen countertop industry is a very confusing market. There are many brands, materials and prices to choose from. What excites me the most is my ability to help clients choose the best materials and brands within their budgets, whilst saving them time and effort. What’s your connection to Asia? I have been in Asia all my life and I love Asia. No matter where you go there is no place like home. Favourite city in Asia for business and why? I love Singapore. This is because Singapore has always been a stable country and it is great for doing business. However as it is a small country, it can be really competitive. I believe that if just do your best and give your best to your customers, you can overcome this. What’s the best piece of advice you ever received? “Take actions. Learn and improve continuously. An idea without action is just a dream.” This was really good advice that I received from my partner. Who inspires you? A very down to earth billionaire from Malaysia, Robert Kuok What have you just learnt recently that blew you away? Property is the foundation of every business. If you had your time again, what would you do differently? Own instead of renting property for my business. How do you unwind? I enjoy going shopping, watching movies and hanging out with friends. I am quite a simple being. Favourite Asian destination for relaxation? Why? I love going to Taiwan as I love the culture there. Everyone is so polite and the weather is great. Everyone in business should read this book: Sun Tzu, Art of war Shameless plug for your business: Perfect top, Perfect price, Perfect life from Stone Amperor How can people connect with you? Email me at [email protected] Twitter handle? @StoneAmperor — This interview is part of the ‘Callum Connect’ series of more than 500 interviews Callum Laing is an entrepreneur and investor based in Singapore. He has previously started, built and sold half a dozen businesses and is now a Partner at Unity-Group Private Equity and Co-Founder of The Marketing Group PLC. He is the author two best selling books ‘Progressive Partnerships’ and ‘Agglomerate’. Connect with Callum here: twitter.com/laingcallum linkedin.com/in/callumlaing Download free copies of his books here: www.callumlaing.com Continue Reading Callum Connects Dextre Teh, Founder of Rebirth Academy Published 5 days ago on October 17, 2017 By Callum Laing Dextre Teh is a consultant and marketing guru, helping F&B businesses to tighten their operations and grow their businesses. What’s your story? I help frustrated F&B business owners stuck in day to day operation transform from a glorified operator into a real business owner. I’m a 27 year old Singaporean second generation restaurant owner and a F&B business consultant. Entering the industry at 13 years old, I have always been obsessed with operations and systemisation. At the age of 25, I joined the insurance industry and earned a six figure yearly income. However, I left the high pay behind because it was not my passion and returned to the F&B industry. Now I help other F&B companies to tighten operations and grow their businesses with my consulting and marketing services. What excites you most about your industry? The food. I’m a big lover of food and even have a YouTube show on food in development. But that aside, it is really about impacting people through food. Creating moments and memories for people, be it a dating couple or families or friends. Providing that refuge from the daily grind of life. So in educating my consulting clients and training their staff to provide a better experience for their customers, I aim to shift the industry in the direction of creating memories instead of just selling food. What’s your connection to Asia? I was born and bred in Singapore. I love the culture, the food and travelling in Asia. Favourite city in Asia for business and why? Singapore hands down. The environment here is built for businesses to thrive. The government is pro business and the infrastructure is built around supporting business growth. Not to mention the numerous amount of grants available in helping people start and even grow business. If I’m not mistaken, the Singaporean government is the only government in the world that offers grants to home grown businesses for overseas expansion. What’s the best piece of advice you ever received? Learning to do things you do not intend to master is a BIG mistake in business. Focus on what you are good at and pay others to do the rest. Many business owners including myself are so overwhelmed by the 10,000 things that they feel they need to do everyday. We try to do everything ourselves because we think it saves us money. The only thing that, that does for us is overload our schedules and give us mediocre results. Instead we should focus on what we do best and bring in support for the rest. Who inspires you? Christopher M Duncan. At 29, Chris has built multiple 7 figure businesses. He opened me to the possibility of building a business on the thing that I loved and gave me a blueprint of how to do it. He also showed me that being young doesn’t mean you cannot do great things. Imran Mohammad and Fazil Musa They are my mentors and inspire me every single day to pursue my dreams, to focus on celebrating life and enjoying the process of getting to where I want to be. What have you just learnt recently that blew you away? Time is always more expensive than money. Money, you can earn over and over again but time, once you spend it, will never come back. If you had your time again, what would you do differently? I am a firm believer that your experiences shape who you are. I am grateful for every single moment of my life be it the highs or the lows, the successes and the failures because all these experiences have led me to become the person I am and brought me to the place that I’m at so I will probably do things the same way as everything was perfect in its time. How do you unwind? Chilling out in a live music bar with a drink in hand, listening to my favourite live band, 53A. Other than that I’m big on retail therapy, buying cool and geeky stuff. Favourite Asian destination for relaxation? Why? Bangkok. It feels like a home away from home where the cost of living is relatively low, the food is good and the people are friendly. Everyone in business should read this book: Everything you know about business is wrong by Alastair Dryburgh. It is a book that challenges commonly accepted business “truths” and inspires you to go against the grain, think different, take risks and stand your ground in the face of the challenges that will come your way as a business owner. Shameless plug for your business: I’m the creator of the world’s first Chilli Crab Challenge. It gained viral celebrity earlier this year with 3 major newspaper features and more than a dozen blog and online publications featuring it in the span of two weeks. In the span of the two weeks, the campaign reached well over a million people in exposure without a single cent spent in ads. Now I help F&B companies to tighten operations, increase profits and grow their businesses with my consulting and marketing services. Chilli Crab Challenge (https://www.chillicrab.com/nationalday) How can people connect with you? You can connect with me on Facebook (www.facebook.com/djtehkh) or visit www.rebirthacademy.sg for more information or book a 10 minute call with me @ www.tinyurl.com/dexclar — This interview is part of the ‘Callum Connect’ series of more than 500 interviews Callum Laing is an entrepreneur and investor based in Singapore. He has previously started, built and sold half a dozen businesses and is now a Partner at Unity-Group Private Equity and Co-Founder of The Marketing Group PLC. He is the author two best selling books ‘Progressive Partnerships’ and ‘Agglomerate’. 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