Brand view: MAG Lifestyle Development said AED 120 per day can make you a homeowner, without the need for a bank loan or any financial paperwork
How much do you spend a day on your lunch order? Or perhaps for your groceries at the nearest supermarket? Average daily spending (per person) in Dubai is estimated to be between AED 150 – AED 165. However, did you know you can buy a home for a less than that?
AED 120 per day can make you a homeowner, without the need for a bank loan or any financial paperwork. MAG Lifestyle Development, the property development arm of MAG Group Holding, has introduced the MAG YES Plan — an all-inclusive home package — for the first phase of its mega project, MAG City.
The YES Plan is poised to be a game-changer as it places the power in the hands of the customer. With this plan, buyers will be able to pay a minimum amount of AED 120 daily over 10 – 20 years, which will include service charges, registration fees, handover payment, admin charges, and a career-protection programme. This will eliminate the need for dealing with any kind of bank or financial institution.
The Plan is considered the first in the world and is designed with the market in mind to suit anyone with a fixed income. It’s the only all-inclusive payment package that frees the buyer from having to worry about handover payments or any large sums of fees which usually discourage buyers from purchasing property and becoming homeowners. As buyers face a lot of challenges, especially when dealing with a bank, the MAG Yes plan has taken all that into consideration and made it possible to finance a home without a bank in fixed, small monthly instalments.
MAG City is located in Mohammed Bin Rashid Al Maktoum City Meydan District 7 — a prime location that is close to Dubai International Airport, Downtown Dubai, DIFC, and Dubai Creek Harbour. The development features 5,100 units, comprising studios, one- and two-bedroom apartments as well as 694 units comprising two- three- and four-bedroom townhouses. MAG City is one of MAG’s premium projects, featuring units whose design, procurement, and construction adopt international standards and technical specifications.
The development is an ideal address for anyone looking to make Dubai their home. All the units have been designed to offer quality living spaces at affordable prices in addition to basketball and football courts, indoor and outdoor playing areas, and retail spaces spread across 25,000 sq. ft in an upcoming area of the city that is expected to deliver high ROI and significant price appreciation over the coming years.
As Dubai’s real estate market looks at more stability and growth in the coming years, MAG’s new offer targets anyone seeking to make Dubai their home. Looking at a long-term vision of fostering lasting relationships with clients, the private housing plan allows any tenant to become a landlord with a number of lucrative benefits.
It is also notable that MAG recently awarded China National Chemical Engineering Group Co. Ltd. (CNCEC) a contract — worth USD 500 million (over AED 1.8 billion) for the construction of this project — and also signed an agreement wherein the company will look after the construction of the remaining phases of the project for AED 1.38 billion.
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