MAG Lifestyle Development Completes Enabling Works at MBL Residence in Dubai

Press release
Published March 12th, 2018 - 09:58 GMT
MBL Residence is a 40-level residential tower located in the heart of Dubai’s waterfront community.
MBL Residence is a 40-level residential tower located in the heart of Dubai’s waterfront community.

MAG Lifestyle Development (MAG LD), the development arm of MAG Group, has completed all enabling works at MBL Residence in Jumeirah Lakes Towers (JLT), Cluster K- K2. With shoring, piling and excavation works finalised, construction is progressing rapidly under MAG’s AED 260 million deal with Ali Mousa & Sons Contracting. The contractor has completed 20% of the project since July 2017 and is well on track for the Q4 2019 completion date.

Talal Moafaq Al Gaddah, CEO of MAG LD, commented: “In line with our meticulous approach to timely project delivery, we are pleased to have concluded enabling works at MBL Residence in less than six months. Construction is continuing as planned and we are excited to see the development taking shape as the latest premium addition to Jumeirah Lakes Towers, where we will provide residents with the highly integrated, convenient and luxurious lifestyle that has become MAG’s signature.”

MBL Residence is a 40-level residential tower located in the heart of Dubai’s waterfront community — Jumeirah Lakes Towers — just a short distance from popular Dubai attractions and shopping destinations including Dubai Marina Mall, The Beach JBR, Marina Walk, Emirates Golf City, Emirates Hills and the Palm Jumeirah. For ultimate convenience, the development also provides residents with easy access to schools and medical centres, as well as Sheikh Zayed Road and the JLT metro station.

The 758,875-square-foot development features 472 high-end one, two and three-bedroom apartments of varying sizes. Residents will enjoy premium amenities including private parking, a fully equipped gym with a steam room and sauna, a podium-level outdoor swimming pool and leisure deck, and an exclusive barbecue patio. The mixed-use development also features 17 retail shops and a series of restaurants and cafés.

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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