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MAG Property Development to launch 12 new projects worth Dh6bn

UAE - November 27, 2016
MAG Property Development

MAG Property Development is currently developing 12 real estate projects worth Dh5.950 billion in the UAE and USA.

The company plans to launch at least 2 projects during the first quarter of 2017.

Talal Moafaq Al Gaddah, CEO of MAG Property Development, said: “The company currently has 12 projects under development in the UAE, in addition to a project in the United States,”

“And is developing “Polo Residences” in Dubai that achieves significant progress in construction work at a rate ranging from 6-10% every two months. ”

Polo Residences cost Dh400 million and features 873 units spread over 29 buildings.

As for MAG 5 Boulevard, it features 1,172 units and is located in Dubai South close to the Expo 2020 site.

The Dh700 million project’s first phase is scheduled for completion in June 2018.

Al Gaddah added that the company is also developing MAG 230.

It is a Dh700 million project located in “City of Arabia”.

Jumeirah Village Circle was chosen for the Dh200 million project, MAG 226.

It will feature 146 units in various sizes.


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