MAG expects to start handover of $71mn MBL Residence project in Q2
Developer says that a second sample flat has been prepared, while furniture for the first sample flat is being imported from Italy
MAG Development has said that work on its MBL Residence tower project in JLT, Dubai is on track, with handovers scheduled to begin in the second quarter of 2020. The 40-storey residential tower will offer a five-star lounge and 472 serviced residential apartments with one, two and three bedrooms.
The tower is said to have been designed to create an active connection with the rest of society without compromising the privacy of residents, as well as high-end finishes and amenities that enhances the feeling of peace of mind with luxury.
The $71m mixed-use project will offer several amenities, as well as commercial and recreational facilities to provide a “distinctive lifestyle”. The health club will offer the latest sports equipment and is spread across an entire floor, the developer said.
Ali Musa & Sons Contracting Company was appointed as the main contractor of the project and began construction works on July 1, 2017. The project is said to be in the final stage of completing concrete works on the 40th floor, while 42% of the EMP works and 42% of the façade cladding has also been completed.
“The residential tower MBL Residence is designed to provide homes with distinct amenities for a sophisticated lifestyle that provides a new concept of luxury and elegance in a lively area not far from tourist attractions, and only minutes from central Dubai. This means that residents will not get bored at any moment, and they can enjoy luxurious living in close proximity to retail outlets, restaurants and rest areas in the tower. The project fulfils the needs of tasteful residents providing security and privacy of a distinctive lifestyle in the vicinity of the most important tourist attractions in the city,” said Talal Moafak Al-Gaddah, CEO of MAG Development Company.
The project is said to boast classic architectural design, flawless finishes and is equipped with inspiring spaces and leisure facilities including a gym, steam room, sauna, barbecue area, children’s playground, retail stores, and private parking.
Al-Gaddah added, “This state-of-the-art tower incorporates all futuristic elements and enhances the sense of loyalty, which makes it an ideal choice, through its world flavour and strategic location within one of the main economic centres. Jumeirah Lakes Towers or JLT, which is one of the most sought-after complexes in Dubai, makes it an ideal location for work, living and fun together, as it has the distinct ability to capture everyone’s attention at first sight.”
