MAG Lifestyle Development, the renowned real estate development subsidiary of the UAE-based MAG Group Holding, announced that it has sold a total of 2887 properties in 2018 with the accumulated value of $950m.
The units that have been sold were a part of several of the developer’s projects including MAG EYE, the new master development which the developer has launched in April 2018, where 600 studio, one-bedroom, and two bedroom townhouses were sold for the value of $109m; MAG 318 residential towers, where 325 of the 439 apartments that the tower includes were sold. Other sold units came from Polo Townhouses and Polo Residences in Meydan master development.
The company’s announcement of the year’s achieved numbers included news regarding the completion of the construction work of MAG 5 Boulevard, a residential project situated in Dubai South which consists of six buildings that include 528 residential units varying between studios, one-bedroom, two-bedroom, and three-bedroom apartments.
MAG also revealed the ongoing progress of other projects as it announced that MAG MBL Residence is now 30% complete and MAG Creek Wellbeing Resort is now 15% complete.