MAG Group to develop Dhs.800Mn project in Dubai Healthcare City
Posted on 2nd February 2014
Dubai based MAG Group announced the signing of a joint venture agreement with Dubai Healthcare City to develop approximately one million square feet mixed-use project in Dubai Healthcare City at an estimated cost of around Dhs.800 million. The development will include two hospitals covering a total of 260,000 square feet, plus an 80,000 square feet clinic; a residential complex of four buildings with combined gross floor area of 430,000 square feet; a hotel apartment with a gross floor area of 80,000 square feet and 100,000 square feet of retail space. The project will also include a mosque and one of the most advanced automated car parks and extensive hard and soft landscaping.
The project is still in the concept design stage and the whole project is expected to be completed by the end of 2016.
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