MAG Lifestyle Development (MAG LD), the development arm of MAG Group, has announced the completion of all enabling works at MBL Residence in Jumeirah Lakes Towers (JLT), Cluster K- K2.
According to MAG LD, shoring, piling, and excavation works have been finalized. MAG’s Dh260-million ($70.7 million) deal with Ali Mousa & Sons Contracting is progressing swiftly, as the contractor has completed 20 percent of the project since July 2017. MBL Residence is due for completion in Q4 of 2019.
Talal Moafaq Al Gaddah, CEO of MAG LD, said: “In line with our meticulous approach to timely project delivery, we are pleased to have concluded enabling works at MBL Residence in less than six months. Construction is continuing as planned and we are excited to see the development taking shape as the latest premium addition to Jumeirah Lakes Towers, where we will provide residents with the highly integrated, convenient and luxurious lifestyle that has become MAG’s signature.”
Located in the heart of Dubai’s waterfront community Jumeirah Lakes Towers, MBL Residence is a 40-level residential tower. A 758,875-sq-ft development, it features 472 high-end one-, two- and three-bedroom apartments of varying sizes. It also includes private parking, a fully equipped gym with a steam room and sauna, a podium-level outdoor swimming pool and leisure deck, and an exclusive barbecue patio. Furthermore, it boasts 17 retail shops, restaurants, and cafés.
The project is a short distance away from Dubai Marina Mall, The Beach JBR, Marina Walk, Emirates Golf City, Emirates Hills and the Palm Jumeirah. Moreover, it provides easy access to schools, medical centers, Sheikh Zayed Road, and the JLT metro station.