The property development arm of Dubai-based MAG Group Holding, MAG Lifestyle Development, said that 65 % of the work has been completed on its new luxury project, MAG 318.
The €136.18 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 a statement from MAG LD.
Once delivered, the units at the luxurious residential tower will be fully furnished with luxury finishing and is set to be a flagship project with a new benchmark of luxury, MAG 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.”
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, all to ensure an integrated living environment for residents and provide them with all amenities right on their doorsteps.