MAG's Dubai luxury tower to be ready by April 2020


MAG Lifestyle Development (MAG LD) said work is in full swing on its key project, MAG 318 - a Dh550-million ($150 million) luxury residential tower in Downtown Dubai featuring 439 apartments - and is due for delivery in April next year.

MAG Lifestyle Development (MAG LD), the property development arm of Dubai-based MAG Group Holding, said 65 per cent of the work has been completed on its new mixed-use project, MAG 318, which is on track for delivery in April 2020.

A Dh550-million ($150 million) luxury residential tower, MAG 318 features 439 units, comprising studios and one- and two-bedroom apartments with private balconies that overlook Dubai Water Canal and Downtown Dubai, said the statement from MAG LD.

Once delivered, the units at the luxurious residential tower will be fully furnished with ultimate luxury finishing and is set to be a flagship project with a new benchmark of luxury, it stated.  

Senior executive vice chairman Talal Moafaq Al Gaddah said: "Presenting the best of what Dubai has to offer, MAG 318 is well on the path to completion, consolidating our commitment to fostering lasting relationships with our customers by offering them best-in-class quality projects with appealing architecture."

"The development is an ideal address for anyone looking to make Dubai their home and live in proximity to the city’s most attractive offerings," he noted.

To ensure an integrated living environment for residents, the project is equipped with modern facilities that include a swimming pool, outdoor leisure facilities, a children's area, a social activities centre, a coffee shop, and 18,000 sq ft of retail space.

For commuters, MAG 318 offers convenient access to the metro station and Business Bay area, one of Dubai’s most exciting and fastest-growing business destinations, while families will be a stone’s throw from some of the city’s best schools and medical facilities.

In the heart of the city, MAG 318 residents will also be within easy reach of iconic Downtown Dubai attractions including the Burj Khalifa and the Dubai Mall, providing them with all that Dubai has to offer on their doorsteps.-TradeArabia News Service