Chinese Citic Teams Up with Dubai MAG Group on Massive Luxury Project

China’s engineering powerhouse Citic Ltd. is making its first move into Dubai luxury property market by partnering with local developer MAG Group.

Citic’s $6 Billion Dubai Debut: Upscale ‘Keturah Ardh’ Project Launched in Dubailand

The pair have joined forces to create “Keturah Ardh,” a Dh22 billion ($6 billion) upscale residential project located in Al Rowaiyah First District within Dubailand. This marks Citic’s debut investment in Dubai’s high-end real estate sector.

The newly announced development will offer huge plot sizes between 50,000 and 200,000 square feet. What makes this project truly stand out is the “life-scaping” concept they’re implementing - over 100,000 trees will be planted throughout the site, with some specimens as young as 20 years old and others dating back an incredible 2,200 years.

Construction timelines indicate a phased approach, with the initial stage launching under the “Keturah Ardh Couture Art” brand in late 2025. Phase two will follow in early 2026, with additional phases continuing through 2027. Developers expect the entire project to be completed within two to seven years.

Citic brings substantial financial backbone with assets exceeding $1.67 trillion, while MAG contributes extensive local expertise, having been among the first private developers during Dubai’s initial freehold property boom in the mid-2000s.

MAG Chairman: ‘Keturah Ardh’ to Redefine Dubai Living with Focus on Nature and Community.

MAG Group Chairman Moafaq Al Gaddah emphasized the project’s vision, stating: “Keturah Ardh shows what Dubai living should look like in the future. We want people to feel connected to their surroundings, with nature and community woven into everyday life.”