Font Size

- Aa +

Thu 29 Mar 2018 02:16 PM

Font Size

- Aa +

Dubai developer set to unveil new $1.28bn project

MAG EYE will be a fully gated townhouse and villa community situated in Meydan District Seven in Dubai

Dubai developer set to unveil new $1.28bn project

MAG Lifestyle Development, the development arm of Dubai-based MAG Group is preparing to launch its AED4.7 billion ($1.28 billion) project MAG EYE at Cityscape Abu Dhabi next month.

A fully gated townhouse and villa community situated in Meydan District Seven in Mohammed Bin Rashid City, MAG EYE will be one of five major flagship projects showcased by MAG Lifestyle Development.

MAG Creek Wellbeing, MBL Residence, MAG 230 and MAG 318 will share the spotlight, all of which will be available for sale at the exhibition, it said in a statement.

Talal Moafaq Al Gaddah, CEO of MAG Lifestyle Development said: “Anyone working in the UAE property market can see that the sector has reached maturity and that sustainable growth is now being achieved.

"The question now is how to remain on this upward trajectory, which is an endeavour that will require developers to go beyond simply constructing buildings. It is now time to do more, to think bigger, and to outdo ourselves by gearing every single aspect of our projects toward truly enhancing peoples’ lives”.

Taking place from the April 17-19  at the Abu Dhabi National Exhibition Centre, the 12th edition of Cityscape Abu Dhabi is held under the patronage of Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi.

The three-day event will display hundreds of real estate developments from the UAE, GCC and international businesses and acts as the annual property barometer for the UAE capital.

For all the latest construction news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.