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Friday, July 01, 2005

Asteco is set to present model for MAG218 - UAE

Khaleej Times - 30/04/2005

DUBAI — Asteco, real estate and property management company will present a model for the MAG218 project, the 55-storey tower with 550-apartments to be built within the Dubai Marina on April 30 and May 1 at its head office in Capricorn Tower, Shaikh Zayed Road.


The potential buyers of apartments at the MAG218 project are invited for a viewing of what the new tower will look like. MAG218 will have one and two-bedroom apartments, swimming pool , a fully-equipped gym and a community area.

Asteco consultants will be available to introduce the new project, which takes its name from the 27-year-old Moafaq Gaddah Group (MAG) and buyers can visit from 10 am to 8 pm on both days. MAG Group of Companies is a multinational trading company with 18 offices in eight countries in Europe, the Middle East and Asia. Elaine Jones, managing director, Asteco, said: "MAG 218 is designed for those looking for contemporary style, functionality and a convenient home base within walking distance of business hubs such as the Internet and Media Cities, and Dubai Knowledge Village. We have already seen an encouraging response to the project thanks to its competitive prices, and there are attractive finance options from AMLAK.'' MAG218 will be completed by the first quarter of 2008, and the consultancy Dar Al Handash is already working on the building's design plans. MAG Group's, MAG214 in Jumeirah Lake Towers, Dubai, is the group's first tower project.

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