UAE – Mubasher: Dubai-based MAG Lifestyle Development, MAG Group Holding’s real estate development arm, announced it has completed the construction of MAG 5 Boulevard, its value-housing project in Dubai South.
The AED 800 million project, which is one of the first developments to be launched in the area, is now among the first to be completed ahead of schedule and in time for Expo 2020, according to a press release.
MAG 5 Boulevard is also considered as the biggest delivery of units in the area, underpinning the Expo 2020 Vision and the Government of Dubai, MAG Lifestyle highlighted.
Talal Moafaq Al Gaddah, managing partner and CEO of MAG Lifestyle Development, commented: “Under our ‘MAG of Value’ division, which was established to pioneer value-home construction, we are proud to be exceeding our customer expectations with our handover of MAG 5 Boulevard.”
“The project was designed to grant mid-income earners value for their money in a residential market that is home to one of Dubai’s most exciting urban developments — Dubai South. Combined with its strategic location and quality amenities, and offering a fully integrated modern community, the project offers residents an entirely new lifestyle with MAG,” Al Gaddah added.
The development encompasses 13 buildings, comprising 1,452 units including 498 studios, 732 one-bedroom, 210 two-bedroom, and 12 three-bedroom apartments.
The residential project houses a 24-hour walkable community that spreads over 800,000 square feet in the lush Dubai Greenbelt. It is situated in Dubai South in proximity to the upcoming Dubai Expo 2020 site, along with nearby schools, offices, and hospitals, offering unmatched convenience to residents.
Located in proximity to the Dubai Expo 2020 site, the residential project features state-of-the-art amenities including a swimming pool, jogging tracks, gardens, outdoor leisure spaces, children’s areas, a community centre, and a series of retail, dining, and leisure outlets.
The project also features a 24-hour walkable community spreading over 800,000 square feet in Dubai Greenbelt.