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MAG LD appoints enabling contractor for $150m project

by Jumana Abdel-Razzaq on Feb 12, 2018

Rendering of MAG 318.
Rendering of MAG 318.

MAG Lifestyle Development (MAG LD) has appointed Dutch Foundation as enabling contractor for its MAG 318 in Dubai’s Business Bay.

Dutch Foundation has received its shoring permit for the $150m (AED550m) project, with mobilisation scheduled to start very soon. MAG 318 is set for a Q4 2019 completion.

The mixed-use development will feature 439 residential units, including studios, one- and two-bedroom apartments with private balconies.

READ: MAG LD inks $82m main contract for Dubailand project

Amenities include a swimming pool, outdoor leisure facilities, a children's area, a social activities centre, a coffee shop, and 1672.2547 of retail space.

Talal Moafaq Al Gaddah, CEO of MAG LD, commented: “At MAG LD, we focus on providing our customers with total peace of mind by following our construction schedules to the letter.

“We are pleased to be advancing work at MAG 318 in partnership with Dutch Foundation — one of the best contractors in Dubai — which shares our exceptionally high quality standards and meticulous attention to detail.

“We look forward to seeing the project take shape in line with our Q4 2019 completion date.”

Earlier this month, MAG LD appointed SEIDCO General Contracting as main contractor in an $82m (AED300m) deal for the MAG 230 residential project.

Located in Dubailand, the project is 23% finalised with 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.