Dubai: MAG Real Estate Development, the real estate arm of MAG Group, has announced the sale of the whole first batch of villas in the MAG City project.

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.

The sale of the first batch of “MAG City” project, which is one of the most important and prestigious projects launched by the Group in the Emirate of Dubai, reflects the remarkable demand of citizens and residents looking for distinct options for real estate investment.

“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 and adopted flexible and proactive practices to keep pace with the requirements  and the needs of investors,” said  Talal Moafaq Al-Gaddah, CEO of MAG Real Estate Development.

”The sale of the first batch of villas in the “MAG City” project reflects 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 batch of villas in the coming days. We are confident that the real estate market in the Emirate of Dubai will recover quickly, thanks to the economic facilities provided by the government to support the development and recovery of various sectors,” Al-Gaddah added.

“The big number of sales in “Mag City “project confirms the strength and sustainability of the real estate market in the Emirate of Dubai, as we are optimistic about a bright future of the market and we expect a greater improvement in the coming period,” Al-Gaddah confirmed.” That will coincide with the lifting of restrictions on aviation, which will contribute to an increase in demand in the sector. We also expect an increase in demand from investors outside the UAE, because Dubai is one of the best cities in the world in responding to the post-Covid-19 economy and its superiority over the largest cities and nations of the world, making it a safe destination for investment. We are committed to keeping pace with the rapid global changes and providing excellent investment opportunities and exclusive offers that enhance our position in the local real estate market, while at the same time emphasizing the importance of real estate as the healthiest and safest sector for investment,” he added.

“MAG Real Estate Development” was able to sell the first batch of villas in the “Mag City” project within only 3 weeks, and is currently working in full capacity to hand over the residential units on time.

The “Mag City” project, which is located in Al-Midan District, in Mohammed bin Rashid City, is one of the most important projects and the closest to the most famous tourist destinations in the city. It is only several kilometers away from the city centre, 13 kilometers from Jumeirah Beach, and 20 kilometers from Dubai International Airport.

The “Mag City” project is the only one of its kind in the region in terms of the diversity of residential units and the price, and give the best offer in the real estate market for a limited time, with a townhouse villa starting at Dh1,198,000/- at a rate of Dh685/-  per square foot. It includes an exclusive collection of townhouses, which vary between two bedrooms and a hall, three bedrooms and a hall, and four bedrooms & a hall.