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FINANCIAL NEWS
MAG 5 to build USD190.5m affordable homes project in Dubai
19 May 2015
(MENAFN) MAG 5 Property Development announced its plan of developing a well-integrated affordable homes scheme at Dubai World Central, according to a corporate statement, Arabian Business reported.
MAG 5 Property Development is a joint venture made by MAG Property Development and MBM Holding. The new scheme will is dubbed MAG 5Boulevard, which will be situated in DWC’s housing zone and will have 1,000 housing units.
“By 2020, DWC is projected to become a self-sustained urban ecosystem where thousands of professionals and their families will live and work.” The VP Real Estate Dubai World Central said in a statement.
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