DUBAI, UAE, September 4, 2016/PRNewswire/ — One of the leading property developers and investment companies in the United Arab Emirates is reporting exceptional demand for the first phase of its latest project to deliver medium income housing in Dubai South.
In advance of the opening of Cityscape 2016, MAG Property Development (MAG PD) says the group has already achieved 90% of confirmed sales for phase one of the MAG 5 Boulevard development. With five billion AED worth of projects already delivered and a further five billion of projects in development the company goes from strength to strength.
Chief Executive Talal M Al Gaddah said they were delighted with the results they were achieving on behalf of their customers and investors: “We have had a good year to date. We have 12 live projects which are a mix of residential, commercial and warehouse type properties. Our focus is on maintaining a high level of quality, efficiency and delivery, to keep both our investors and our customers happy.”
The level of interest and high demand for the Boulevard project from both investors and families wanting high quality homes at affordable prices reflects how MAG 5 is breaking new ground by redefining modern quality design and reshaping residential living in the heart of Dubai’s green belt.
Al Gaddah added: “We are breaking new ground with the Mag 5 Boulevard project. It’s an exceptional opportunity with a 10% minimum yield for mid-cap investors and families to buy high quality homes at affordable prices. The project is strategically placed in the city’s green belt area and the properties have a European feel and touch. We’re confident that, as time goes by, the properties in this development will only rise in value.”
This commitment to ‘quality of life’ projects which prioritise functionality, beautiful design, and the efficient use of space within the development, has attracted customers and investors who are looking for – and receiving – greater value for their money. MAG PD is confident that in the long run it is these ‘Quality of Life’ projects the general standard of developments within the region.
In 2016, MAG PD has continued its projects across the UAE; including MAG 5 Boulevard, Polo Residences, Polo Townhouses, Al Quoz Warehouse and Shommous Residential in Sharjah.
Source: MAG Property Development LLC