MAG Lifestyle Development Announces Completion of Its MAG 5 Boulevard in Dubai South

Press release
Published October 9th, 2019 - 09:25 GMT
MAG 5 Boulevard
MAG 5 Boulevard
Highlights
The largest handover in Dubai South to date

MAG Lifestyle Development, the real estate development arm of MAG Group Holding, announced the completion of its AED 800-million MAG 5 Boulevard, the value-housing project in Dubai South. The development, which was one of the first projects to be launched in the area, is now also among the first to be completed, well before its anticipated schedule, and in time for Expo 2020 and considered the biggest handover of units in the area to support the vision of Expo 2020 and government od Dubai.

Talal Moafaq Al Gaddah, Managing Partner and CEO of MAG Lifestyle Development, commented: “Under our ‘MAG of Value’ division, which was established to pioneer value-home construction, we are proud to be exceeding our customer expectations with our handover of MAG 5 Boulevard. The project was designed to grant mid-income earners value for their money in a residential market that is home to one of Dubai’s most exciting urban developments — Dubai South. Combined with its strategic location and quality amenities, and offering a fully integrated modern community, the project offers residents an entirely new lifestyle with MAG.”

MAG 5 Boulevard encompasses 13 buildings, consisting of 1452 units comprising of 498 studios, 732 one-bedroom, 210 two-bedroom, and 12 three-bedroom apartments with most units including a balcony.

The residential project houses a 24-hour walkable community that spreads over 800,000 square feet in the lush Dubai Greenbelt. It is situated in Dubai South in proximity to the upcoming Dubai Expo 2020 site, along with nearby schools, offices, and hospitals, offering unmatched convenience to residents.

Elegantly designed landscaping and state-of-the-art amenities at MAG 5 Boulevard include a swimming pool, jogging tracks, gardens, outdoor leisure spaces, children’s areas, a community centre, and a series of retail, dining, and leisure outlets. There is ample space for parking, and most of the development’s apartments will feature balconies.

Background Information

MAG Property Development

MAG Lifestyle Development is part of the Moafaq Ahmad Al Gaddah (MAG) Group – a multinational conglomerate based in the UAE. With a 40 year old legacy, MAG Group is one of the largest corporations in the region, maintaining a highly prominent position of leadership among its peers, across the real estate, contracting, engineering, industrial and commercial trading, freight services, and hospitality sectors. Today MAG Lifestyle Development’s interests range from pioneering affordable housing initiatives and high-end luxury developments to bringing wellness-focused living to the UAE.

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Cicero & Bernay

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