Dubai – Mubasher: MAG Property Developments will launch a new AED 4 billion ($1.0884 billion) gated community project within Mohammed Bin Rashid City aimed at the mid-income segment of the market, Al Ittihad newspaper reported.
The company plans to invest AED 5 billion in projects under construction in the coming five years.
The company’s accumulated investments will rise from AED 10 billion to AED 15 billion by 2020, Al Ittihad newspaper added.