Dubai Marina & MAG 218 Topics


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Sunday, June 26, 2005

Your Questions (Q&A)

All answers provided by the Webmaster unless otherwise indicated.

I have bought one of these properties in MAG 218. I am worried about Asteco no longer taking an active involvement and more worried as I pay for the deposits if this development will ever happen. Is MAG PD a reliable developer to spend my hard earned money with?

The MAG developer is genuinely engaged in building in Dubai as evidenced by the documented progress being made on the MAG 214 tower in the Jumeirah Lake Towers development. It is documenting in photos the construction work at this site and the work appears to be progressing well. As the stated goal for completion of the project is mid-2008 the delay in construction work so far should not seriously impact this timetable. A large banner hanging above a freeway in Dubai advertising the MAG developer and their projects (including the MAG 218) can also be seen. That being said Asteco has a much bigger pressence in the local market than MAG. So with Asteco no longer playing a key role there may be some cause for concern but nothing that should sound any alarms.


Post a Comment here if you have any questions about the project. These may be answered by the Website Manager or passed on to others in the know.

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