UAE’s real estate developer MAG announces two more upscale investments, namely MAG 318 and MAG 230, for the Downtown and Dubailand, respectively, each backed by a 35/65 payment plan, Gulf News reports.
“We are giving customers fresh residential opportunities in two important areas of the city,” says Talal Moafaq Al-Gaddah, CEO of the property division.
“One that is already popular and home to some of Dubai’s best-loved destinations, and one that will become one of the most spectacular urban masterplans in the region.”
The Dubailand property has been earmarked for the City of Arabia cluster, a mixed-use destination that will have its own monorail system. “While our Group has been building its affordable housing offering with developments like MAG 5, we are (now) presenting a more high-end proposition,” says Al-Gaddah.
The Downtown high-rise will have the usual mix of upscale studios, one- and two-bedroom apartments to Downtown Dubai.