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Early completion for $217m Mag 5 Boulevard homes in Dubai South

Mag LD originally planned to handover the project, comprising 13 buildings and 1,452 units, ahead of Expo 2020 Dubai

Mag 5 Boulevard in Dubai South.
Mag LD
Mag 5 Boulevard in Dubai South.

Dubai real estate company Mag Lifestyle Development (Mag LD), the development arm of Mag Group, has announced the completion of its $217m (AED800m) Mag 5 Boulevard value housing project in Dubai South ahead of its original Expo 2020 Dubai deadline.

The housing project comprises 13 buildings and 1,452 units, including 498 studios, 732 single-bedroom, 210 two-bedroom, and 12 three-bedroom apartments. 

According to the company, the residences are situated close to the Expo 2020 Dubai site, with schools, offices, and hospitals nearby.

Commenting on the early handover of the project, managing partner and chief executive officer of Mag LD, Talal Moafaq Al Gaddah, said: “We are proud to be exceeding our customer expectations with our handover of Mag 5 Boulevard.

"The project was designed to grant mid-income earners value for their money in a residential market that is home to one of Dubai’s most exciting urban developments — Dubai South.”

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Construction Week - Issue 750
Sep 30, 2019