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 Payment8%Down Payment31st August 2017
Oqood Registration4%DLD Registration fee31st August 2017
2nd Payment1%2nd  Installment1st October 2017 (PDC)
3rd Payment1%3rd Installment1st November 2017 (PDC)
4th Payment1%4th Installment1st December 2017 (PDC)
5th Payment1%5th Installment1st January 2018 (PDC)
6th Payment1%6th Installment1st February 2018 (PDC)
7th Payment1%7th Installment1st March 2018 (PDC)
8th Payment1%8th Installment1st April 2018 (PDC)
9th Payment1%9th Installment1st May 2018 (PDC)
10th Payment1%10th Installment1st June 2018 (PDC)
11th Payment1%11th Installment1st July 2018 (PDC)
12th Payment10%12th Installment1st August 2018 (PDC)
13th Payment1%13th Installment1st September 2018 (PDC)
14th Payment1%14th Installment1st October 2018 (PDC)
15th Payment1%15th Installment1st November 2018 (PDC)
16th Payment1%16th Installment1st December 2018 (PDC)
17th Payment1%17th Installment1st January 2019 (PDC)
18th Payment1%18th Installment1st February 2019 (PDC)
19th Payment1%19th Installment1st March 2019 (PDC)
20th Payment1%20th Installment1st April 2019 (PDC)
21st Payment1%21th Installment1st May 2019 (PDC)
22nd Payment1%22th Installment1st June 2019 (PDC)
23rd Payment1%23th Installment1st July 2019 (PDC)
24th Payment1%24th Installment1st August 2019 (PDC)
25th Payment10%25th Installment1st January 2020 (PDC)
Final Payment50%Last InstallmentOn Handover