MAG PD launches two projects in Dubai

MAG Property Development (MAG PD) is launching two new developments in Dubai’s downtown and Dubailand with the MAG 318 and MAG 230 residential buildings

The MAG 318 residential tower in Downtown Dubai.
The MAG 318 residential tower in Downtown Dubai.

MAG Property Development (MAG PD) is launching two new developments in Dubai’s downtown and Dubailand with the MAG 318 and MAG 230 residential buildings.

This marks the company’s expansion into two new areas of the city with both projects offering prospective tenants a 35/65 payment plan, the company said in a statement.

Talal Moafaq Al Gaddah, CEO of MAG Property Development, said: “By launching MAG 318 and MAG 230, we are giving our customers fresh residential opportunities in two important areas of the city – one that is already popular and home to some of Dubai’s best-loved destinations, and one that will become one of the most spectacular urban masterplans in the region.

“While our Group has been building its affordable housing offering with developments like MAG 5, we at MAG PD are presenting a more high-end proposition with MAG 318 and MAG 230, which will feature a range of luxury amenities to offer residents a highly convenient and enjoyable lifestyle.”

The MAG 318 Tower includes high-end studios, one- and two bedroom apartments to Downtown Dubai with private balconies. The building will include landscaping, a pool, outdoor leisure spaces, a children’s area, a community centre and a coffee shop.

MAG 230 is located on located on Sheikh Zayed Road in Dubailand and will offer one-, two- and three bed room apartments. The development will include a 3 metre wide and 219 metre long jogging track, an outdoor swimming pool, a health club, and a secure playing hall for children. The project is due for completion in Q4 2019 and will bring 595 new apartments to Dubai’s real estate sector.

Talal Moafaq Al Gaddah, added: “Combining attractive payment plans, strategic locations and top quality design, we expect MAG 318 and MAG 230 to be extremely successful additions to our growing residential portfolio.”

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