MAG 5 Property Development (MAG 5 PD) has seen a surge in sales of Phase 2 of the MAG 5 Boulevard project.
It is the first residential project developed by the company.
It is also the first to be opened in Dubai South.
Due to huge demand, the company managed to sell 50% of the second phase during the first week only.
Talal Moafaq Al Gaddah, CEO of MAG 5 PD said: “We received an incredible demand for this project with Phase 1 of MAG 5 Boulevard — a development that is targeted towards those earning between AED 25,000-30,000 per month.”
“It’s a great location 25 minutes from DIFC and Downtown and close to the Arabian Ranches at a fraction of the cost. It offers an attractive payment plan with 15% down payment upon agreement, and 10% payments in February, June, and November 2017, and in April 2018. ”
“Then the final 45% is to be paid upon handover in Q2 2019. This is a responsible payment plan that shares and minimises risk for our customers and is attracting a more seasoned and knowledgeable buyer to the MAG 5 Boulevard project.”
Talal added: “Our buyers’ interest is enhanced by the strategic location in the Dubai Greenbelt of MAG 5 Boulevard, which offers a number of facilities and is located within Dubai South and close to the new Al Maktoum International Airport – Expo 2020 Dubai site.”