MAG Lifestyle Development to Offer Competitive Prices on Mag Eye at International Property Show 2018

Press release
Published April 9th, 2018 - 05:51 GMT
MAG LD will provide investors with an opportunity to purchase fully-furnished MAG EYE studios starting from only AED 490,000.
MAG LD will provide investors with an opportunity to purchase fully-furnished MAG EYE studios starting from only AED 490,000.

MAG Lifestyle Development, the property development arm of MAG Group, has announced that it will offer competitive prices on its MAG EYE project during the International Property Show (IPS), the Middle East’s biggest property sales platform for local and international real estate markets. During the show, which will run from 9th to 11th April 2018 at the Dubai World Trade Centre, MAG LD will provide investors with an opportunity to purchase fully-furnished MAG EYE studios starting from only AED 490,000.

Talal Moafaq Al Gaddah, CEO of MAG LD, commented: “We are pleased to be part of IPS 2018 as it will allow us to reach out to our new and existing customers with a range of exclusive deals that are tailored to meet their needs and surpass their expectations. During the three-day event, we will connect with investors and buyers by paying close attention to their demands and priorities, while also providing our customers with a real chance to become owners of MAG properties, as IPS is the region’s leading transactional property platform that allows real-time sales to take place on site. We look forward to making the most of this important opportunity to help our customers find their dream home at MAG EYE.”

The AED 4.7 billion MAG EYE project is the only fully gated townhouse and villa community in Meydan District 7, a prime location that is close to both Dubai International Airport and Downtown Dubai. The development features 3,952 studios or one-bedroom apartments and 536 three or four-bedroom townhouses. All have been designed to offer quality living spaces at affordable prices in an upcoming area of the city that is expected to deliver high ROI and significant price appreciation over the coming years.

In addition to beautifully designed homes crafted in partnership with interior design consultant Opal and peer review consultant VX Studio, residents will also benefit from 4,800 square metres of public facilities including a private clinic, nursery and mosque, around 5,000 square metres of retail space, and 84,211 square metres of public parks and green areas complete with a jogging and bicycle track. The project is due for completion in Q2 2022.

MAG LD is appearing at the new headline feature of the newly revamped IPS, the ‘Mega Property Sale’, which has been launched to provide buyers with an excellent opportunity to purchase property through exclusive deals with low interest rates. Running for all three days of IPS, the sale will showcase market-leading offers from UAE developers, banks, real estate agents and property auction houses, providing investors with a one-stop shop where they can find complete packages of bargain deals.

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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