Foundation stone laid for MAG City
Company commits to delivery plans, promising to complete the project on time in 2022
MAG Development, the real estate arm of the Mag Holding Group, has announced the laying of the foundation stone for the MAG City project, which is located in Mohammed bin Rashid City's Meydan District 7.
The groundbreaking ceremony for the Dh2 billion project was held in the presence of Moafaq Al Gaddah, founder and chairman of MAG Holding Group and MAG Development Company; Dai Haijin, chairman of the China National Chemical Engineering Group; Han Ping, vice-president of Nay Chaun, chairman of China National Company for Chemical Engineering Middle East; and Su Fukiang, chairman of CC7, as well as top UAE and Chinese officials and board members of the two companies, in addition to real estate developers and experts.
Al Gaddah toured along with the attendees and journalists. They were briefed about the project's work plan and the dates of starting construction works in the various stages from the first to the fifth.
Al Gaddah explained the advantages of the MAG City project, which includes 5,100 housing units of villas and apartments.
He stressed the group's care in selecting the executing companies, as well as choosing all the project designs and raw materials according to the highest standards of quality and modern construction.
He also emphasised their commitment to delivery plans, promising to complete the project on time in 2022.
Al Gaddah said during the Press conference: "We are pleased to announce the launch of the giant Mag City project consisting of more than 5,100 residential units of villas and apartments to be the largest residential complex we offer to the Dubai real estate market. We will exert our professional experience to build a distinguished project that is in line with the reputation of Dubai and the value of our distinguished partners and the history of our group."
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