MAG 5 Residences is a multi use project that will consist of 1,000 housing units as well as some retail shops, restaurants, and a number of recreational activities. It is expected that the project construction work begins in the fourth quarter of this year and to be delivered during the first quarter of 2018.
It is primarily located within the Dubai World Central which is a mega development an economic zone to support a number of activities including logistics, aviation, commercial, exhibition, humanitarian, residential and other related businesses around Al Maktoum International Airport with the planned annual capacity of 12 million tonnes of cargo and 160 million passengers. It has been designed on the basis of three key factors: Dubai’s geographic location, increasing importance of airports in the Middle East region, and the region’s booming aviation sector.
DWC is also comprised of eight districts: The Al Maktoum International Airport, Logistics District, Aviation District, Residential District, Commercial District, Humanitarian District, Exhibition District and Golf District.