Developer says Dubai affordable project to be finished early

MAG Lifestyle Development says MAG 5 Boulevard project is set to be completed months earlier than expected
By Staff writer
Sat 03 Feb 2018 02:39 PM

MAG Lifestyle Development (MAG LD), the development arm of MAG Group, has announced that it will deliver its MAG 5 Boulevard project months earlier than expected.

The first phase of the affordable housing project in Dubai South was due to be handed over in the fourth quarter of 2018.

But the developer said in a statement that it now has a completion date of the end of June in its sights.

Talal Moafaq Al Gaddah, CEO of MAG LD, said: “We are proud to be surpassing our customers’ expectations by delivering MAG 5 Boulevard significantly earlier than promised. The project has been designed to give mid-income earners more for their money in the residential market with a new wave of value homes in one of Dubai’s most exciting urban developments — Dubai South.”

The first phase of MAG 5 Boulevard incudes six buildings that will provide the market with 528 units split between 72 studios, 324 one-bedroom, 120 two-bedroom and 12 three-bedroom units. A second phase called MAG 5 will provide a further seven buildings and is due for completion in Q2 2019.

The AED800 million gated residential community also includes a swimming pool, jogging tracks, gardens, outdoor leisure spaces, children’s areas, a community centre, and a series of retail, dining and leisure outlets.

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