Mid-income community includes villas, townhouses and apartments
Local developer Mag 5 Property Development has awarded the local Fujairah National Construction Company an estimated AED700m ($191m) contract to build its Boulevard project at Dubai South.
The project is a medium-income housing community located close to the Expo 2020 site and Dubai Parks. It includes villas, townhouses, apartments, schools and public areas.
The architect is the local e.construct. The architect is the local Al-Jabal Engineering & Consultants.
MAG 5 Property Development is a joint venture of the local MAG Property Development and the local MBM Holding.
Dubai said in September last year that it was developing a luxurious freehold residential cluster at Dubai South with a budget of AED25bn ($6.8bn).
The first cluster will feature 6,000 residential units, with construction set to start in 2016. The first dwellers should move in by 2019.
You might also like...
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.