Gulf Construction Online - MAG’s luxury tower set for April completion

Real Estate

MAG 318 ... luxury residential tower featuring 439 units.

MAG’s luxury tower set for April completion

01 December 2019

MAG Lifestyle Development (MAG LD), the property development arm of Dubai-based MAG Group Holding, said 65 per cent of the work has been completed on its mixed-use project, MAG 318, which is on track for delivery in April 2020.

A Dh550-million ($150 million) luxury residential tower, MAG 318 features 439 units, comprising studios and one- and two-bedroom apartments with private balconies that overlook Dubai Water Canal and Downtown Dubai, says MAG LD.

Once delivered, the units at the luxurious residential tower will be fully furnished with ultimate luxury finishing and is set to be a flagship project with a new benchmark of luxury, it states.

Senior executive vice chairman Talal Moafaq Al Gaddah says: “Presenting the best of what Dubai has to offer, MAG 318 is well on the path to completion, consolidating our commitment to fostering lasting relationships with our customers by offering them best-in-class quality projects with appealing architecture.

“The development is an ideal address for anyone looking to make Dubai their home and live in proximity to the city’s most attractive offerings.”

To ensure an integrated living environment for residents, the project is equipped with modern facilities that include a swimming pool, outdoor leisure facilities, a children’s area, a social activities centre, a coffee shop, and 18,000 sq ft of retail space.

For commuters, MAG 318 offers convenient access to the metro station and Business Bay area, one of Dubai’s most exciting and fastest-growing business destinations, while families will be a stone’s throw from some of the city’s best schools and medical facilities.

MAG 318 residents will also be within easy reach of iconic Downtown Dubai attractions including the Burj Khalifa and the Dubai Mall.

Meanwhile, MAG Development, the real estate development arm of MAG Holding Group, has launched its ‘MAG Yes Plan’, offering package payment plans which allow customers to own their customised homes that suit their purchase power.

The programme, which is the first all-inclusive payment packages of all possible fees in addition to exclusive benefits offered to clients, includes three flexible plans to become a homeowner. The MAG Zero Plan allows clients to buy the property without a down payment and without a final payment of delivery, with full exemption from registration fees.