{"id":88494,"date":"2024-01-30T00:00:00","date_gmt":"2024-01-30T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/mag-property-development-to-invest-usd-212-62-mn-in-swiss-residential-project\/"},"modified":"2024-01-30T00:00:00","modified_gmt":"2024-01-30T00:00:00","slug":"mag-property-development-to-invest-usd-212-62-mn-in-swiss-residential-project","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/01\/30\/mag-property-development-to-invest-usd-212-62-mn-in-swiss-residential-project\/","title":{"rendered":"MAG Property Development to invest USD 212.62 mn in Swiss residential project"},"content":{"rendered":"

Dubai-based MAG Property Development will invest USD 212.6 mn (AED 781 <\/strong>mn) <\/strong>in a new <\/strong>residential project in Stabio, Switzerland<\/strong>, Investment Monitor<\/a> reports.The development, Stabio Garden Living<\/a> by Keturah, is expected to be completed in 2026 and will consist of 180 units across 14 buildings. The project will be developed in collaboration with Swiss real estate group and design agency A++ Group<\/a>.<\/p>\n

The details: <\/strong>The development, which will include a number of recreational and functional facilities, will have Minergie construction certification<\/a>, a Swiss building standard that focuses on efficiency and environment-friendly living.<\/p>\n

The latest in a string of new Keturah properties: <\/strong>This project follows the launch of several other projects under the Keturah brand, including The Ritz-Carlton Residences in Dubai, Creekside, Keturah Resort, Keturah Reserve, and the upcoming Keturah Downtown developments.<\/p>\n

What\u2019s MAG Property Development?<\/strong> Established in 2003, MAG Property Development<\/a> is a division of Moafaq Ahmad Al Gaddah (MAG) Group<\/a>, which owns more than 50 companies and branches globally.<\/p>\n

OTHER REAL ESTATE NEWS- <\/p>\n

Samana Developers<\/a><\/strong> is launching a AED 1.4 bn (USD 381 mn) tower project in Majan<\/strong>,between Al Khail Road and Sheikh Mohammed bin Zayed Road,according to a press release<\/a>. The Samana Barari Twin Towers will span 148.6k square meters, with 1,388 apartments across 54 floors. Handover is scheduled for 2Q 2027.<\/p>\n","protected":false},"excerpt":{"rendered":"

The development is expected to be completed in 2026<\/p>\n","protected":false},"author":1,"featured_media":88495,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1565],"tags":[7,1429,98,1014],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-88494","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate","tag-enterpriseam-uae","tag-mag-property-development","tag-real-estate","tag-switzerland","wpautop","entry"],"acf":{"mongo_id":"b1e200c6-903e-48a3-8afc-2df443616005","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/1\/2506.jpg","photo_position":"above","homepage_title":"","full_issue_title":"MAG Property Development to invest USD 212.62 mn in residential project in Switzerland","related_issue":[88485],"teaser":"The development is expected to be completed in 2026","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.7b7e0a07-f44d-4c84-ab29-32d4ee9caea3.mp3"},"yoast_head":"\nMAG Property Development to invest USD 212.62 mn in Swiss residential project - 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