UAE-based MAG Lifestyle Development (MAG LD), the development arm of MAG Group, has appointed Dutch Foundation as the enabling contractor for its AED 550 mn residential project in Business Bay area of Dubai, Trade Arabia reports.

MAG 318 is a new mixed-use luxury residential tower that features 439 residential units including studios as well as one- and two-bedroom apartments with private balconies.

The development enjoys modern facilities including a swimming pool, outdoor leisure facilities, a children’s area, a social activities center, a coffee shop, and 18,000 square feet of retail space.