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Home / NEWS / MAG LD inks $82m main contract for Dubailand project

MAG LD inks $82m main contract for Dubailand project

by Jumana Abdel-Razzaq on Feb 4, 2018


MAG 230 residential project in Dubai.
MAG 230 residential project in Dubai.

MAG Lifestyle Development (MAG LD) has appointed SEIDCO General Contracting as main contractor in an $82m (AED300m) deal for the MAG 230 residential project in Dubai.

Located in Dubailand, the project is now 23% finalised and construction is progressing in line with the Q4 2019 completion date. SEIDCO General Contracting has so far completed the concrete raft slab on the development.

The contractor will begin construction on the vertical elements of the project soon with eight concrete pumps having worked three days consecutively in line with the project schedule.

READ: MAG 5 Boulevard project to be delivered months ahead of schedule

 

Talal Moafaq Al Gaddah, CEO of MAG LD, said: “At MAG LD, we are committed to delivering our projects on time and to the exceptionally high standards that we promise all our customers.

“We call ourselves developers when we hand over the keys and everything we do is geared toward reaching that important moment entirely according to plan. We are pleased to be progressing work at this project in partnership with a leading contractor.”

MAG 230 will be part of the City of Arabia masterplan, designed as an independent complex offering 595 apartments and will provide access to the new metro system currently under construction in the area.



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