Dubai: After having focused on its budget home launches in Dubai South, the developer MAG is back to creating more upscale investments. For this it has launched the MAG 318 and MAG 230 for the Downtown and Dubailand respectively, each backed by a 35/65 payment plan.
“We are giving customers fresh residential opportunities in two important areas of the city,” said Talal Moafaq Al Gaddah, CEO of the property division. “One that is already popular and home to some of Dubai’s best-loved destinations, and one that will become one of the most spectacular urban masterplans in the region.”
The Dubailand property has been earmarked for the City of Arabia cluster, a mixed-use destination that will have its own monorail system. “While our Group has been building its affordable housing offering with developments like MAG 5, we are (now) presenting a more high-end proposition,” said Al Gaddah.
The Downtown high-rise will have the usual mix of upscale studios, one- and two-bedroom apartments to Downtown Dubai.
The developer also believes the 35/65 payment split will be handy in convincing buyers.