Dubai – Mubasher: MAG Development, the real estate development arm of the MAG Holding Group, has announced the appointment of China National Chemical Engineering Group Limited to build the first phase of its mega project, MAGCITY, through the signing of a US $ 500 million contract. AED 1.8 billion
According to a press release issued on Sunday, MAGCITY is located at Meydan 7 in Mohammed Bin Rashid Al Maktoum City, a strategic location due to its proximity to Dubai International Airport, Dubai Down Town, Dubai World Center and Creek Creek Creek Harbor.
The project offers 5,100,000 studio units, one-bedroom, two-bedroom apartments and 694 two-bedroom, three-bedroom and four-bedroom townhouses.
MAG City also offers 48,000 square meters of public facilities including private clinics, nurseries and mosques, nearly 8,000 square meters of retail space, and 84,211 square meters of parks and green areas with jogging and cycling paths.
MAG City is one of the flagship projects of MAG Development, with apartment and city houses designed and built to the highest international standards.
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