The Ritz-Carlton Residences by MAG

The Ritz-Carlton Residences is a mixed-use complex soon to be added to the collection of upscale properties in Dubai. It consists of 8 multi-family houses, 12 villas, a wellness hotel, and a wellness centre.

LOCATION:

MAG of Life, the development division of MAG Group, is responsible for the construction. The complex is located in Dubai Creekside, a Western district of the city sprawling along Dubai Creek.

Ras Al Khor Wildlife Sanctuary that attracts tourists with its mangrove forests and the opportunity to watch up close numerous species of birds, including bright pink flamingos

The Dubai Festival City is the shopping mall closest to The Ritz-Carlton Residences.

Many standalone supermarkets are also available in Dubai Creekside, where residents of the elegant new complex can do their daily shopping.

The Resort is located just 10 min drive away from Downtown Dubai.

DEVELOPER:

MAG Properties Development is the leading real estate development division of MAG Group Holding. It is one of the largest names in the real estate industry in the region, which is engaged in the development and implementation of exceptional projects created with the aim of improving lifestyle and providing long-term benefits for both investors and clients.

The company has won many awards, which can be considered as a badge of distinction. Among many others, the company has won the following prizes:

• “The best Real estate project (affordable housing)” in the framework of the Gulf Real Estate Awards 2019
• “Innovative Project of the Year” in the Arabian Business Real Estate Awards 2018
• “Developer of the Year” at the Construction Week Awards 2016

BRAND:

MAG of Life, founded by Talal Moafaq al Gaddah, is the driving force behind the luxurious Keturah Resort. In partnership with Delos, the company transforms indoor environments by placing health and wellness along with planning, design, construction and engineering decisions.

AMENITIES:

Those living at The Ritz-Carlton Residences will have access to exclusive amenities and services that will take their quality of life to the next level.

The unique comprehensive wellness system offers a full range of wellness services, including studios for doing various sports, a modern fitness centre, spa salons, detox centres, aesthetic medicine salons, a wellness bar, and healthy food restaurants.

The Ritz-Carlton Residences will be under the own brand of MAG development group – Ketura resort. As a resident you will get an exquisite and posh lifestyle in a luxurious waterfront wellness resort:

• A park with amenities
• outdoor swimming pools
• certified wellness centre
• A co-working space
• recreation areas
• sprawling footpaths for walking and jogging
• Outdoor sports venues
• fitness club
• SPA
• Yoga area
• A cinema
• A sauna and a steam room
• A dry-cleaning
• Concierge service
• A 24/7 security with a video surveillance system
• Library
• Lounges and Restaurants
• Private Yacht Parking fro the Mansions

KEY INVESTMENT POINTS:

• Super-luxury segment
• Fully furnished and equipped
• Very limited number of units
• Managed by Ritz-Carlton
• Branded Ketura resort
• Smart Home system
• Potable tap water (filtration systems)
• Hotel services, including housekeeping, the project will offer services of doctors, nannies, and even chefs
• Amazing infrastructure for kids:kindergarten with training classes and play areas, a playground, and a small pool
• Designated pets areas
• Design and architecture by The French designer and architect Amar Sabeh
• Private helicopter pad on the premises (mansions)
• 3 Michelin-recognized restaurants within the complex, as well as several establishments with organic menues
• Eco-living concept
• Homes in Dubai Creekside boast a high return on investment (ROI). 1, 2, and 3-bedroom properties are the most lucrative, with ROIs reaching 6.3%, 5.6%, and 6.7% per annum, respectively.

UNIT TYPES:

• 2BR+Maids
• 3BR+Maids
• 4BR Sky Penthouses
• Mansions (12 opulent mansions)

SIZES:

• 1 bedroom – from 1,338 sqft
• 2 bedroom – from 2,553 sqft
  
• 3 bedroom – from 4,600 sqft
• 4 bedroom sky PH – from 7,120 sqft
• 8 bedroom Mansion – from 46,648 sqft

PRICES:

• 1 bedroom – from AED 5 828 644
• 2 bedroom – from AED 9,877,007
  
• 3 bedroom – from AED 16,348,239
• 4 bedroom Sky PH – from AED 45,000,000
• 8 bedroom Mansion – from 170,000,000 AED

PAYMENT PLAN:

• 40% during construction
• 60% on completion

HANDOVER – Q4 2025