MAG LD to launch two projects worth $82m in Dubai's JVC

MAG LD to launch two projects worth $82m in Dubai's JVC
The MAGEye project [pictured] was also recently launched by the developer.
Published: 3 June 2018 - 3:35 a.m.
By: Jumana Abdel-Razzaq

MAG Lifestyle Development (MAG LD), the development arm of MAG Group, has announced plans to launch two new projects in Jumeirah Village Circle worth nearly $82m (AED300m).

The projects, two 20-storey residential buildings dubbed MAG 612 and MAG 614, will be the developer’s first in the area.

MAG 614 is a 20-floor residential tower comprising 223 units including 80 studio units, 101 one-bedroom and 42 two-bedroom apartments, in addition to 261 parking spaces. The 280,012 square foot project also features a swimming pool and health club, and will be brought to life in partnership with Engineer Adnan Saffarini Office, one of the UAE’s leading architectural and engineering consultancy companies.

MAG 612 is another 20-floor residential tower and will feature 144 units with 100 one-bedroom and 44 two-bedroom apartments, in addition to 182 parking spaces for maximum convenience. Al Gurg Consultants, will be responsible to deliver real added value for the development through its comprehensive property solutions.

UAE-based architectural and engineering consultancy Engineer Adnan Saffarini will provide services for the project, which spans 23,362m2 and also includes a swimming pool, and health club.

Talal Moafaq Al Gaddah, CEO of MAG LD, said, “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 MAAG 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.”

Last month, MAG issued an infrastructure tender for its MAG Eye project, a $1.2bn (AED4.7bn) master-planned mixed-use community development in Mohammed Bin Rashid City Meydan District 7, scheduled for delivery in Q3 2020.

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