MAG ‘delivers promise’ again
Owners of residences in MAG 218 Tower in Dubai Marina given opportunity to view show-apartments 18 months prior to completion
Owners of apartments in the MAG 218 Tower in Dubai Marina will now be able to view one and two-bedroom residences at least 18 months prior to handover. Built by MAG Group Property Development, the show-apartments are fully tiled, complete with built-in kitchen units & white goods, bedroom wardrobes and bathroom fixtures.
The MAG 218 residential tower which consists of 555 apartments spread over 66 floors will be completed within schedule in December 2009. The entire building which is being built at a cost of more than AED 450 million was sold out within months of its launch.
Mohammed Nimer, CEO of MAG Group Property Development, commented, “The reason we wanted to present show-apartments now, even though we cannot handover for another 18 months is quite simple. We have built-up an enviable reputation for delivering on time, on spec’ and on budget. By allowing owners to view the quality of finish now, underscores our commitment to delivering our promise.”
The tower comes complete with below and above ground parking, BBQ area, swimming pool and Jacuzzi, a gym, ballroom, TV room and an outdoor terrace. The top five floors feature a full glass exterior, which afford spectacular panoramic views of the Marina, Palm Jumeirah and beyond.
The MAG 218 Tower is one of several competitively priced buildings being developed by the company aimed at the mid-range market and appealing to Dubai’s burgeoning middle income families. In April, MAG began the handover of more than 300 apartments at the 43-storey MAG 214 building in the Jumeirah Lakes Towers development on Dubai's Sheikh Zayed Road.
“Again this development was delivered as promised,” added Nimer, “This is not just feel-good PR it’s an integral part of our corporate culture.”
Other MAG developments are at various stages in the building cycle across the residential, commercial and industrial spectrum in a property portfolio in excess of AED3 billion ($817 million). The company is a regional industry leader in establishing business ethics embracing sustainability and communicating transparently.
About the MAG Group
The Dubai-based Moafaq Al Gaddah Group of Companies (the MAG Group) was established in 1978 and has grown into a multinational organisation with 18 offices in eight countries throughout Europe, the Middle East and Asia.
In the last five years the MAG Group Properties has invested in 12 properties at various stages of development across the residential, commercial and industrial sectors. The company focuses on projects that provide long-term benefits to investors and customers.
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