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MAG to unveil major projects at Mumbai expo

DUBAI, November 2, 2017

MAG Property Development (MAG PD), a leading UAE-based real estate company, is set to showcase five of its key projects including the MAG Eye, a Dh4-billion ($1.06 billion) gated community project, and MAG 318, a mixed-use luxury tower, at the upcoming Dubai Property Show which kicks off tomorrow (November 3) in Mumbai, India.

The three-day event will give developers the chance to meet buyers directly and introduce them to Dubai’s investment opportunities.

CEO Talal Moafaq Al Gaddah said: "Dubai Property Show provides us with a valuable opportunity to reach out to Indian investors, who lead foreign real estate investments in Dubai."

They made 10,628 transactions worth over Dh20.4 billion between January 2016 and the end of June 2017, which makes them a top priority for us at MAG PD," stated Al Gaddah, citing the Dubai Land Department data.

"With our focus on meeting the needs of various customer segments, we are confident that our diverse portfolio of projects – which range from luxury villas to mid-income apartments – will satisfy Indian investors. During the event, we will be putting this to the test by showcasing our MAG Eye, MAG 230, MAG 318, MBL Residence and MAG 5 Dubai South projects," he added.

MAG Eye is an exclusive private gated community in the heart of Mohammed bin Rashid City in Meydan Dubai, which provides tenants with 3,952 apartments and 537 townhouses.

Given its full privacy, all-day security, open green spaces and wide range of leisure amenities, the project will offer residents an ideal environment for relaxation and tranquility, as well as a sound investment opportunity, thanks to high-end features that guarantee long-term value. It is due for completion in Q1 2022.

MAG 230 is a prestigious residential landmark to be developed in the heart of Dubailand and completed by Q4 2019. In addition to being part of the masterplan for City of Arabia, it is designed to be an independent complex and will have access to the new metro system, providing prospective tenants with 595 luxury apartments.

MAG 318 is a new mixed-use luxury residential tower in the Business Bay Downtown Dubai area that features 439 residential units including studios and one- and two-bedroom apartments with private balconies that overlook Dubai Water Canal and Downtown Dubai.

MBL Residence tower is a 40-level residential tower located in Jumeirah Lakes Towers. The 758,875-sq-ft development features 472 high-end one-, two- and three-bedroom apartments of different sizes, and will be completed by Q4 2019.

MAG 5 Dubai South falls within the fully-gated Dh800-million MAG 5 Boulevard residential community. It consists of 924 units spread across seven buildings, which will offer tenants the benefits of a 24-hour, walkable community that covers over 800,000 sq ft of land in the Dubai Greenbelt. It will be completed by Q2 2019.

Al Gaddah said the Mumbai expo is an ideal platform for not only promoting its brand and projects, but also for enhancing the group's knowledge of the Indian market and the distinct needs of investors in this part of the world.

"We are pleased to be going into the exhibition with a confidence-inspiring track record in committing to the meticulous completion of our projects, and we look forward to introducing visitors to MAG PD’s vision for a modern, integrated and secure life in Dubai," he added.-TradeArabia News Service




Tags: Dubai projects | Mumbai | Mag | property expo |

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