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MAG appoints Dutch Foundation for AED550mn Dubai project

UAE-based MAG Lifestyle Development has appointed Dutch Foundation as the enabling contractor for its AED550mn MAG 318, to be located in Business Bay area of Dubai.
MAG 318 is a new mixed-use luxury residential tower that features 439 residential units including studios, one-, and two-bedroom apartments with private balconies that overlook Dubai Water Canal and Downtown Dubai.
The developer said construction was in full swing as planned and Dutch Foundation had received its shoring permit, with mobilisation scheduled to start very soon. The project was well on track for timely completion by the fourth quarter of 2019.
CEO Talal Moafaq Al Gaddah said: “At MAG LD, we focus on providing our customers with total peace of mind by following our construction schedules to the letter. We are pleased to be advancing work at MAG 318 in partnership with Dutch Foundation – one of the best contractors in Dubai – which shares our exceptionally high-quality standards and meticulous attention to detail.
“We look forward to seeing the project take shape in line with our Q4 2019 completion date.”
The development is only 250m from the new Dubai mall extension and 580m from the Dubai Fountain.
To ensure an integrated living environment for residents, the project includes modern facilities including a swimming pool, outdoor leisure facilities, a children’s area, a social activities centre, a coffee shop, and 1,672sqm of retail space.
For commuters, MAG 318 offers convenient access to the metro station and Business Bay, while families will be a stone’s throw from some of the city’s best schools and medical facilities.
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