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MAG PD to launch AED 4bn residential project

MAG PD to launch AED 4bn residential project
Mag Eye consists of 4,000 apartments

Dubai – Mubasher: Mag Property Development (MAG PD), the subsidiary of Mag Group, announced launching its residential project ‘Mag Eye’ with a total cost of AED 4 billion during its participation in Cityscape Global 2017 in Dubai.

The project is considered one of the exclusive complexes which are being developed in Mohammed bin Rashid City in Meydan and will be located near Burj Khalifa, Dubai Mall, and Downtown Dubai.

Mag Eye consists of 4,000 apartments, comprising studios and one-bedroom apartments, in addition to 653 townhouses.

MAG CEO Moafaq Al Gaddah previously forecasted that the company's accumulated investments will increase to AED 15 billion by 2020.

“At our MAG Eye project, we are presenting an exclusive definition of family housing by providing residents with the highest levels of privacy, comfort, and residential living at a strategic location in the heart of Dubai”, Al Gaddah added.