Chinese Firm Wins Huge Deal for New Dubai City
A new city is to be built in Dubai termed MAG City and China National Chemical Engineering Group Company (CNCEC) has won the tender to construct the first phase.
The contract is worth a whopping US$500 million (Dh1.8 billion).
MAG City is to be located in prime location close to both Dubai International Airport, Downtown Dubai, DIFC and Dubai Creek Harbour.
The development features a range of apartments and townhouses, as well as a sports club, ladies lounge area, coffee shop, swimming pool, a dedicated children’s pool, and an indoor play area.
MAG City also features 48,000 sqm of public facilities, including a private clinic, nursery, and a mosque.
Further still it will feature around 8,000 sqm of retail space; and 84,211 sqm of public parks and green areas complete with a jogging and bicycle tracks.