MAG PDD floats its latest offer...

It's a last chance offer to secure a purchase at a price which has remained constant since MAG 218 units initially went on sale in March 2005. This follows MAG PDD's earlier campaign to present buyers with free Mashreq Bank certificates worth up to Dhs 10,000. The current move is based on the expectation that a new property law will lead to increased activity in the property market and a rise in prices and values.

While property prices in Dubai rose substantially following the opening of the market in 2002, the pace slowed considerably in 2005, partly a reflection of the larger number of off-plan projects to go onsale. This trend might be furthered once some of these porperties begin to reach completion in late 2006. This proccess should continue unabated as more and more properties are finished in 2007 and 2008 including the MAG 218, scheduled for a mid-2008 completion.

The interim period, however, is likely to see a rise in prices on the heels of the new property law. Regardless of the increase in supply over coming years, some expect prices to continue to climb gradually to rates found in other popular urban centers.

For further details on purchasing, see Purchasing a Unit in the MAG 218 Tower.

Go to MAG 218 Community homepage.