MAG 5 plans DWC housing project
01 June 2015
MAG 5 Property Development, a real estate company based in the UAE, has announced the launch of its new integrated and affordable residential community at Dubai World Central (DWC).
The company is a joint venture between two Dubai-based firms, MAG Property Development and MBM Holding, an investment and advisory firm.
The Dh700-million ($191 million) MAG 5 Boulevard will be strategically located within DWC Residential Area, an exclusive urban development strategically located within easy reach of the Al Maktoum International Airport and offers opportunities for freehold property investments.
It will boast more than 1,000 residential units complemented by an array of retail, dining, leisure and entertainment amenities. The project is planned to break ground in the fourth quarter of 2015 and is destined to become a 24-hour living, walkable community spread over 800,000 sq ft of land.
Phase One handover of the development is scheduled to start in the first quarter of 2018.
- Faithful+Gould to work on Reem Mall
- MAN Truck supports road safety drive
- Kingspan’s Dubai plant expands
- RTA awards contract for Bluewaters bridges
- AESG boosts green services
- RTA to shortlist consortiums for Route 2020
- Apid setting up centre at Dubai Design District
- Irena HQ wins EGBC green accolade
- Lutron’s myRoom launched in Dubai
- Shurooq’s state-of-art Al Noor Island unveiled
- MAG 5 plans DWC housing project
- Update
