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MAG Lifestyle Development announces 65% completion of its mixed-use luxury project MAG 318

MAG Lifestyle Development announces 65% completion of its mixed-use luxury project MAG 318

Dubai, UAE, 12 November 2019:

• The AED 550-million luxury residential tower features 439 residential units
• Awarded as Residential Project of the Year 2019, the project is scheduled for delivery in April 2020

The property development arm of MAG Lifestyle Development (MAG LD), MAG Group Holding, has stated the completion of 65% per cent of MAG 318, its mixed-use luxury project is scheduled for delivery in April 2020. ‘Residential Project of the Year 2019’ is awarded for its outstanding innovation, creativity and design the project.
MAG 318 is a AED 550 million luxury residential tower that features 439 residential units, comprising studios and one- and two-bedroom apartments with private balconies that overlook Dubai Water Canal and Downtown Dubai.
Once delivered, the units at the luxurious residential tower will be fully furnished with ultimate luxury finishing and is set to be a flagship project with a new benchmark of luxury.

“Presenting the best of what Dubai has to offer, MAG 318 is well on the path to completion, consolidating our commitment to fostering lasting relationships with our customers by offering them best-in-class quality projects with appealing architecture. The development is an ideal address for anyone looking to make Dubai their home and live in proximity to the city’s most attractive offerings” said by Talal Moafaq Al Gaddah, Senior Executive Vice Chairman of MAG Lifestyle Development.

To ensure an integrated living environment for residents, the project is equipped with modern facilities that include a swimming pool, a coffee shop, outdoor leisure facilities, a children's area, 18,000 square feet of retail space and a social activities centre.

For commuters, MAG 318 offers convenient access to the metro station and Business Bay area, one of Dubai’s most exciting and fastest-growing business destinations, while families will be a stone’s throw from some of the city’s best schools and medical facilities. In the heart of the city, MAG 318 residents will also be within easy reach of iconic Downtown Dubai attractions including the Burj Khalifa and the Dubai Mall, providing them in doorsteps with all that Dubai has to offers.