Mag 23o is a new 39 story residential tower to be developed by MAG Property Development. Located in the City of Arabia along Sheikh Mohammed bin Zayed Road and across from the Al Barari Villas this L shaped tower will feature a range of 1,2 and 3 bedroom apartments.  Project amenities will include a large swimming poo, fully equipped gym, outdoor running track, a steam sauna room and more.

Due for completion in 2020 this project comes with an excellent 1% per month payment plan.*

PROJECT HIGHLIGHTS

  • Located just 15 minutes from DIFC, Dubai Downtown and Dubai International Airport
  • With an average price of AED 850 per sq ft this project represents excellent value for money

APARTMENT TYPES

  • 1 Bedroom  717 to 1,039 Sq Ft
  • 2 Bedroom  1,075 to 1,505 Sq Ft
  • 3 Bedroom 2,458 to 2,479 Sq Ft

PAYMENT PLAN

Instalment

Percentage

Brief

Milestone

1st Payment 8% Down Payment 31st August 2017
Oqood Registration 4% DLD Registration fee 31st August 2017
2nd Payment 1% 2nd  Installment 1st October 2017 (PDC)
3rd Payment 1% 3rd Installment 1st November 2017 (PDC)
4th Payment 1% 4th Installment 1st December 2017 (PDC)
5th Payment 1% 5th Installment 1st January 2018 (PDC)
6th Payment 1% 6th Installment 1st February 2018 (PDC)
7th Payment 1% 7th Installment 1st March 2018 (PDC)
8th Payment 1% 8th Installment 1st April 2018 (PDC)
9th Payment 1% 9th Installment 1st May 2018 (PDC)
10th Payment 1% 10th Installment 1st June 2018 (PDC)
11th Payment 1% 11th Installment 1st July 2018 (PDC)
12th Payment 10% 12th Installment 1st August 2018 (PDC)
13th Payment 1% 13th Installment 1st September 2018 (PDC)
14th Payment 1% 14th Installment 1st October 2018 (PDC)
15th Payment 1% 15th Installment 1st November 2018 (PDC)
16th Payment 1% 16th Installment 1st December 2018 (PDC)
17th Payment 1% 17th Installment 1st January 2019 (PDC)
18th Payment 1% 18th Installment 1st February 2019 (PDC)
19th Payment 1% 19th Installment 1st March 2019 (PDC)
20th Payment 1% 20th Installment 1st April 2019 (PDC)
21st Payment 1% 21th Installment 1st May 2019 (PDC)
22nd Payment 1% 22th Installment 1st June 2019 (PDC)
23rd Payment 1% 23th Installment 1st July 2019 (PDC)
24th Payment 1% 24th Installment 1st August 2019 (PDC)
25th Payment 10% 25th Installment 1st January 2020 (PDC)
Final Payment 50% Last Installment On Handover

 

Location

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