MAG 5 Boulevard project to be delivered months ahead of schedule
MAG Lifestyle Development (MAG LD), the development arm of MAG Group, has announced that it will deliver its MAG 5 Boulevard project in Dubai South months ahead of schedule
MAG Lifestyle Development (MAG LD), the development arm of MAG Group, has announced that it will deliver its MAG 5 Boulevard project in Dubai South months ahead of schedule.
The first phase of the housing project was due to be handed over in Q4 2018, but the company is now anticipating a completion date for the second quarter of the year.
MAG 5 Boulevard’s initial phase includes six buildings with 528 units split between 72 studios, 324 one-bedroom, 120 two-bedroom, and 12 three-bedroom units.
A second phase, called MAG 5, will provide a further seven buildings and is due for completion in Q2 2019.
Talal Moafaq Al Gaddah, CEO of MAG LD, said: “Under our ‘MAG of Value’ division, which was established to pioneer value home construction, we are proud to be surpassing our customers’ expectations by delivering MAG 5 Boulevard significantly earlier than promised.
The project has been designed to give mid-income earners more for their money in the residential market with a new wave of value homes in one of Dubai’s most exciting urban developments — Dubai South.”
The $218m (AED800m) gated residential community is spread over 74,300m2 of land and will be within close proximity to schools, offices, and hospitals.
Amenities include a swimming pool, jogging tracks, gardens, outdoor leisure spaces, children’s areas, a community centre, and a series of retail, dining and leisure outlets.