MAG LD announces 65% completion of mixed-use MAG 318 project
Project worth $149.7m (AED550m) features a residential tower with 439 units and 1,672m2 of retail space
MAG Lifestyle Development (MAG LD), the property development arm of MAG Group Holding, has announced 65% completion of its $149.7m (AED550m) mixed-use MAG 318 project, which is due for delivery in April 2020.
The project features a residential tower with 439 units, including studios, one-bedroom, and two-bedroom apartments with private balconies that overlook Dubai Water Canal and Downtown Dubai, as well as a swimming pool, outdoor leisure facilities, a children's area, a social activities centre, a coffee shop, and 1,672m2 of retail space
MAG 318 is close to the Business Bay metro station, and is within reach of the Burj Khalifa and the Dubai Mall.
Commenting on the project’s progress, senior executive vice chairman of MAG LD, Talal Moafaq Al Gaddah, said: “MAG 318 is well on the path to completion. The development is an ideal address for anyone looking to make Dubai their home and live in proximity to the city’s most attractive offerings.”