Cityscape: MAG launches $1bn project in Dubai

Flagship project will be developed in the heart of Mohammed bin Rashid City


MAG Property Development (MAG PD), the real estate development arm of MAG Group, announced the launch of its flagship $1.08 billion MAG EYE project at Cityscape Global 2017.

Developed in the heart of Mohammed bin Rashid City in Meydan Dubai, MAG EYE is situated closed to Meydan Racecourse and many of the city’s most prominent landmarks, including the Burj Khalifa, Dubai Mall and Downtown Dubai. Residents will also have access to the city via the Al Khail and Mohammed bin Zayed roads, the developer said in a statement.

“At our MAG EYE project, we are presenting an exclusive definition of family housing by providing residents with the highest levels of privacy, comfort, and residential living at a strategic location in the heart of Dubai,” said Talal Moafaq Al Gaddah, chief executive officer of MAG PD.

“Our strategy for 2017 and 2018 is focused on delivering real estate projects that cater to every socio-economic need in the city. Aimed at developing what we call ‘Value Homes’, MAG of Value blends honest ROI with quality real estate, combining high quality developments, ideal planning and comprehensive services and facilities to deliver enhanced communities,” Al Gaddah added.

The project will offer a wide range of residential options, including various apartments and townhouse units. All units will have a view of the city’s skyline and private green spaces, along with outdoor gardens.

In total, the gated community will have 4,000 apartments and 536 townhouses that give residents the option of studios and one-bedroom apartments, and three- and four-bedroom townhouses in Meydan District 7.

Landscaping will play a major role in the project, with the design and layout unifying buildings with open spaces and walking areas. Residents will have access to retail shops, a mosque and kindergarten, along with the largest health club in the city.

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