MAG Lifestyle Development (MAG LD) has appointed Dutch Foundation as the enabling contractor for its MAG 318 project, a mixed-use luxury residential tower in Dubai's Business Bay featuring 439 residential units.
Dutch Foundation has received its shoring permit, with mobilisation scheduled to start very soon, the developer said adding the AED 550mn project is on course for completion by Q4 2019.
Talal Moafaq Al Gaddah, CEO of MAG LD, said: “We are pleased to be advancing work at MAG 318 in partnership with Dutch Foundation — one of the best contractors in Dubai — which shares our exceptionally high quality standards and meticulous attention to detail.
“We look forward to seeing the project take shape in line with our Q4 2019 completion date.”
Overlooking the Dubai Water Canal and Downtown Dubai, amenities in the tower will include a swimming pool, outdoor leisure facilities, a children's area, a social activities centre, a coffee shop and 18,000 sq ft of retail space.