MAG Property Development to Participate in the Dubai Property Show Mumbai 2017

Press release
Published November 1st, 2017 - 12:13 GMT
MAG EYE
MAG EYE

MAG Property Development (MAG PD), the real estate development arm of the MAG Group, has announced that it will be participating in the Dubai Property Show Mumbai 2017, which will take place from 3rd to 5th November this year. Dubai Property Show, gives developers the chance to meet buyers directly and introduce them to Dubai’s investment opportunities, follows the Dubai Land Department’s announcement that Indian nationals top the list of foreign investors in Dubai’s real estate market.

Talal Moafaq Al Gaddah, CEO of MAG PD, commented: “Dubai Property Show provides us with a valuable opportunity to reach out to Indian investors, who lead foreign real estate investments in Dubai. According to the Dubai Land Department, they made 10,628 transactions worth over AED 20.4 billion between January 2016 and the end of June 2017, which makes them a top priority for us at MAG PD. With our focus on meeting the needs of various customer segments, we are confident that our diverse portfolio of projects – which range from luxury villas to mid-income apartments – will satisfy Indian investors. During the event we will be putting this to the test by showcasing our MAG EYE, MAG 230, MAG 318, MBL Residence and MAG 5 Dubai South projects.”

MAG EYE is an AED 4 billion exclusive private gated community in the heart of Mohammed bin Rashid City in Meydan Dubai, which provides tenants with 3,952 apartments and 537 townhouses. Given its full privacy, all-day security, open green spaces and wide range of leisure amenities, the project will offer residents an ideal environment for relaxation and tranquility, as well as a sound investment opportunity thanks to high-end features that guarantee long-term value. The project is due for completion in Q1 2022.

MAG 230 is a prestigious residential landmark to be developed in the heart of Dubailand and completed by Q4 2019. In addition to being part of the master plan for ‘City of Arabia’, it is designed to be an independent complex and will have access to the new metro system, providing prospective tenants with 595 luxury apartments. The project ensures that residents have easy access to the city as it is located on Sheikh Mohammed bin Zayed Road, just a 15-minute drive from Dubai International Airport and 12 minutes from Downtown Dubai.

MAG 318 is a new mixed-use luxury residential tower in the Business Bay Downtown Dubai area that features 439 residential units including studios and one and two bedroom apartments with private balconies that overlook Dubai Water Canal and Downtown Dubai. To ensure an integrated living environment for residents, the project has been strengthened with modern facilities including a swimming pool, outdoor leisure facilities, a children's area, a social activities centre and a coffee shop – all of which will be completed by Q4 2019.

MBL Residence tower is a 40-level residential tower located in Jumeirah Lakes Towers. The 758,875 square foot development features 472 high-end one, two and three bedroom apartments of different sizes, and will be completed by Q4 2019. Residents will enjoy premium amenities including private parking, a fully equipped gym and an outdoor swimming pool, as well as restaurants and cafés.

MAG 5 Dubai South falls within the fully-gated AED 800 million MAG 5 Boulevard residential community. MAG 5 consists of 924 units spread across seven buildings, which will offer tenants the benefits of a 24-hour, walkable community that covers over 800,000 square feet of land in the Dubai Greenbelt. The project is also situated in close proximity to schools, offices and hospitals, offering convenience alongside elegantly designed landscaping, as well as a swimming pool, jogging tracks and gardens, retail, dining and leisure outlets, outdoor leisure spaces, children’s areas, and a community centre.  MAG 5 Dubai South will be completed by Q2 2019.

Al Gaddah concluded: “We consider the Dubai Property Show Mumbai to be the ideal platform for not only promoting our brand and projects, but also for enhancing our knowledge of the Indian market and the distinct needs of investors in this part of the world. We are pleased to be going into the exhibition with a confidence-inspiring track record in committing to the meticulous completion of our projects, and we look forward to introducing visitors to MAG PD’s vision for a modern, integrated and secure life in Dubai.”

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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