Wednesday 30 November 2022

MAG LD sells over 2,800 residential units in Dubai

DUBAI, October 22, 2018

UAE-based MAG Lifestyle Development has announced the successful sale of 2,887 units - including studios, one-, two- and three-bedroom residences in addition to two- and three-bedroom townhouses  across its multiple properties - worth Dh3 billion ($816 million) in Dubai.

MAG LD, the property development arm of MAG Group Holding, said the residential projects which were lapped up by the investors include major ones such as MAG Eye, the only fully-gated townhouse and apartment community in Meydan MBR City District 7; MAG 318, the mixed-use luxury residential tower in the Business Bay Downtown area; MAG MBL Residence in Jumeirah Lakes Towers K2; MAG 5 Boulevard; and MAG 5 in Dubai South, The Polo Townhouses and The Polo Residences in Meydan.

This is evidence of the company’s diverse portfolio and of investor interest in different types of units and residences across Dubai, stated the top developer.

CEO Talal Moafaq Al Gaddah said: "We are thrilled with the heightened interest that our residential properties are receiving. Dubai is at the epicenter of the real estate world with all the services and security assurances the emirate offers investors, and we are pleased that our properties are attracting foreign investors and instilling them with the promise of quality that all our developments are built with."

"Our mandate has always been to offer investors and homebuyers the best there is, and we want them to always ‘Expect More’ when considering MAG LD properties," he added.-TradeArabia News Service

Tags: UAE | Dubai | Meydan | MAG Lifestyle Development |

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