MAG Lifestyle Development has issued a statement announcing Dutch Foundation as the enabling works contractor for its $150m MAG 318 tower. The mixed-use luxury residential tower will feature 439 units and is being built in Business Bay, Dubai.
The developer says that Dutch Foundation has received its shoring permit and expects mobilisation to begin in the near term. The project is said to be on track for completion by the fourth quarter of 2019.
“At MAG LD, we focus on providing our customers with total peace of mind by following our construction schedules to the letter. We are pleased to be advancing work at MAG 318 in partnership with Dutch Foundation – one of the best contractors in Dubai – which shares our exceptionally high-quality standards and meticulous attention to detail. We look forward to seeing the project take shape in line with our Q4 2019 completion date,” said Talal Moafaq Al Gaddah, CEO of MAG Lifestyle Development.
The development is located 250m away from the new Dubai mall extension and 580m from the Dubai Fountain. The tower includes studio, one- and two-bedroom apartments and boasts a swimming pool, outdoor leisure facilities, a children’s area, a social activities centre, coffee shop and 18,000sqft of retail space.