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MAG ... has a solid portfolio of luxury, affordable and international projects

MAG showcases $1.36bn projects at Cityscape

DUBAI, September 9, 2015

MAG Property Development, the real estate development arm of UAE-based Moafaq Al Gaddah Group, is showcasing luxury, affordable and international projects worth Dh5 billion ($1.36 billion) at the ongoing Cityscape Global expo in Dubai, UAE.

In the limelight at the top real estate event is the new MAG mixed-use hospitality and residential development at Jumeirah Lakes Towers designed to offer a new standard of luxury living.

Other luxury offerings being showcased include The Polo Residence, a gated community located in the heart of Meydan City, MAG 226 at Jumeirah Village, MAG 230 along Sheikh Mohammed Bin Zayed Road and The Estate, which is under development at Al Furjan, said the company in a statement.

A major aspect of MAG’s participation at Cityscape this year is to highlight its foray into the affordable housing sector, it added.

The developer has launched the second phase of MAG 5 Boulevard, a Dh700-million ($191 million) project aimed at middle-income earners.

Located in Dubai World Central (DWC)’s residential district, it is a 24-hour living, walkable community spread over 800,000 sq ft of land.

The development has been designed as a low-rise, full-green residential complex featuring extensive landscaping, pools, outdoor leisure spaces, children’s areas and a community centre.

MAG said the announcement of Phase Two comes following the successful launch of its first phase.

During the show, the company is highlighting its successful expansion into the international market with The Gate, a development located in Frisco, Texas in the US.

The project features 17 buildings and seven villas spread across a vast area. Its four- and five-storey residential buildings are suited to the urban living requirements of professionals and young families, while its 10-storey buildings offer more luxurious apartments.

Commenting on the launch, CEO Talal Moafaq Al Gaddah, said: "Cityscape Global is without doubt the best platform in the region for us to display our extensive portfolio of projects to local, regional and international investors."

"In addition to our extensive array of luxury developments both in the UAE and in the US, we are highlighting our most recent addition to the region’s affordable housing sector, which is helping to establish a new construction paradigm in the UAE," he added.-TradeArabia News Service




Tags: Dubai | property | Cityscape | Projects | Mag |

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