MAG Real Estate Development, the real estate arm of Dubai-based MAG Group, has announced the sale of the first batch of villas in the MAG City project, one of the most prestigious projects launched by the group in Al-Midan District at Mohammed bin Rashid City.

 

Located closest to the most famous tourist destinations in the city, it is just a drive away from the city centre, 13 km from Jumeirah Beach, and 20 km from Dubai International Airport.

 

This confirms the group's leading position in the local real estate market and its commitment to providing the best investment options and meeting the needs and requirements of their clients, said a statement from the developer . 

 

The "Mag City" project is a one of its kind in the region in terms of diversity of residential units and the price, with a townhouse villa priced at AED1.19 million ($326,084) onwards at a rate of AED685 ($186) per sq ft, stated the developer. 

 

It includes an exclusive collection of townhouses, which vary between two bedrooms and a hall, three bedrooms and a hall, four bedrooms and a hall.

 

The sale of the first group of "MAG City" project reflects the remarkable demand of citizens and residents looking for distinct options for real estate investment, said a top official.

 

“Despite the spread of the Covid-19 pandemic globally and the exceptional circumstances that ravaged various sectors,  MAG Real Estate Development has succeeded in overcoming the current crisis by adopting flexible and proactive practices to keep pace with the requirements  and the needs of investors,” remarked CEO Talal Moafaq Al Gaddah.

 

The sale of the first group of villas in the "MAG City" project reflect the company's professionalism in taking into account the economic and financial trends of investors and to provide exclusive offers at unprecedented prices. Due to robust demand, we will launch a second group of villas in the coming days.