【gulfnews】Dubai property: China's engineering giant Citic makes entry with MAG Group

MAG-Citic combine to build 18.47m square feet luxury project in Dubailand

Dubai: One of China’s biggest engineering companies – Citic Ltd. – is making an entry into Dubai’s luxury real estate market through a venture with MAG Group, which already has multiple high-end projects in the city.

The two will joint build ‘Keturah Ardh’, a Dh22 billion ($6 billion) project with aan 18.47 million square feet spread within the Al Rowaiyah First District in Dubailand.

Plot sizes at Keturah Ardh will range from 50,000- to 200,000 square feet. The site will also feature more than 100,000 trees— ‘aging between 20- and 2,200 years’—brought together through a 'life-scaping' approach.