MAG LD to launch two new projects in Jumeirah
MAG Lifestyle Development (MAG LD), the development arm of MAG Group, has announced plans to launch two new projects in Jumeirah Village Circle - MAG 612 and MAG 614 - at an investment of Dh300 million ($82 million).
MAG 614 is a 20-floor residential tower comprising 223 units including 80 studio units, 101 one- and 42 two-bedroom apartments, in addition to 261 parking spaces, said a statement from the developer.
The 280,012-sq-ft project also features a swimming pool and health club, and will be brought to life in partnership with Easa Saleh Al Gurg Group, which is responsible for delivering real added value through its comprehensive property solutions, it stated.
MAG 612 is another 20-floor residential tower and will feature 144 units with 100 one- and 44 two-bedroom apartments, in addition to 182 parking spaces for maximum convenience.
Engineer Adnan Saffarini, one of the UAE’s leading architectural and engineering consultancy companies, is providing its services for the 251,475-sq-ft project which also includes a swimming pool and health club.
Both these developments will represent a significant addition to MAG LD’s existing portfolio and will see the company entering this strategic area of Dubai for the first time, the statement added.
CEO Talal Moafaq Al Gaddah said: "At MAG LD, we are set on maximising the potential of strategic locations across Dubai for the benefit of our customers, offering them higher returns on investment, excellent connectivity, a convenient and comfortable lifestyle, and the potential for property price growth."
"Jumeirah Village Circle ticks all of these boxes as it is an established, landscaped community in the heart of Dubai with direct access to Sheikh Mohammed Bin Zayed Road Hessa Street and Al Khail Road," noted Al Gaddah.
"Based on our in-depth, customer-centric research, we know that Jumeirah Village Circle is a community to watch and we are confident that we will be adding significant value to the area with MAG 614 and MAG 612. These projects will be the latest milestones in our ongoing mission to provide customers with investment and home buying opportunities that exceed their expectations," he added.
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