Leading UAE real estate developer MAG paid AED 350 million ($95.2 million) for a new plot of land in Downtown Dubai as part of their project to build a new luxury residential development within their high-end real estate and hospitality concept, Keturah.
According to a senior official, the Keturah brand has proven its attractiveness since its launch, following the triumphs of Keturah Reserve and Keturah Resort.
“This validates the dynamism of Dubai’s real estate sector and the heightened demand for strategic plots to cater to the influx of investors and buyers. We are thrilled to acquire this plot to create another distinctive development under the Keturah brand, strategically positioned in one of the emirate’s best locations, Dubai Downtown,” remarked Senior Executive Vice Chairman Talal Moafaq Al Gaddah.
Located in Meydan, Keturah Reserve is a luxury residential project worth AED 3 billion ($816 million) that promises transformative living through space design. Building on the upscale residential complex started in late 2022.
It will have 467 apartments with one to four bedrooms, 69 plots of land that can be developed into signature villas, 114 townhouses with four bedrooms, and ten townhouses with five bedrooms. It is anticipated that the construction will be finished in the first half of 2025.
Nestled along serene creek waters, the Keturah Resort is a beacon of luxury, health, and tranquility, according to the official. There are just 12 lavish waterfront mansions and unique creekside residences available in the project.
“The vision and long-term strategy of the emirate’s leadership encourages us to keep building and launching innovative projects that add value to residents in a city that never fails to amaze and exceed expectations,” stated Al Gaddah.
He also stated that the Keturah Downtown project will be finished in Q4 2027.