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Company announces the launch of two strategic new projects - MAG 318 and MAG 230
MAG Property Development (MAG PD), the property development arm of MAG Group, has announced that it will be broadening its presence across Dubai by expanding into two key areas of the city – Downtown Dubai and Dubailand – with the launch of MAG 318 and MAG 230 respectively. Both projects will offer prospective tenants an attractive 35/65 payment plan, as well as the chance to live in the coveted city centre near to the iconic Burj Khalifa and Dubai Mall, or at the heart of the new City of Arabia masterplan.
Talal Moafaq Al Gaddah, CEO of MAG Property Development, commented: “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.”
MAG 318 Tower brings high-end studios, one and two bedroom apartments to Downtown Dubai, providing easy access to Dubai Mall and featuring private balconies that offer spectacular views of the Burj Khalifa – the world’s tallest building. The development is enhanced by extensive landscaping, a pool, outdoor leisure spaces, a children’s area, a community centre and a coffee shop, providing residents with a fully integrated living environment that is fully walkable and in close proximity to schools, offices, hospitals, malls and hotels for maximum convenience. Residents will also have use of multiple entry and exit routes to main highways including Sheikh Zayed Road, Al Khail Road and Emirates Bypass Road, putting them minutes away from everything Dubai's city life has to offer.
MAG 230 is a prestigious residential landmark that will be developed in the heart of Dubailand as part of the City of Arabia master plan – the multibillion USD retail, residential, commercial and entertainment destination that has been designed as a self-contained community and will be served by its own dedicated monorail system. The development is located on Sheikh Zayed Road – a 15 minute drive from Dubai International Airport and only 10 minutes from the buzz of Downtown Dubai – giving tenants easy access to the city while also providing them with a haven of luxury and high class living at home.
The development will offer spacious one, two and three bed room apartments with well-appointed living spaces that showcase modern and upscale interiors with high-end finishes. Other distinguishing features include MAG 230’s unique 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 concluded: “On top of providing residents with the hassle-free, high-end lifestyle that Dubai has become renowned for, both of these projects are enhanced by a market-leading 35/65 payment plan – a structure which has been designed to offer comfortable payment dates. 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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© Press Release 2017
