Parsons to design and oversee construction of MAG's Dh4bn District 7 in Dubai
The US engineering firm Parsons has been appointed to design and manage construction of Mag Property Development’s Dh4 billion District 7 project in Dubai.
District 7 is a new, mixed-use community that Mag Property Development is planning within Meydan City in Dubai. It is to contain 35 residential buildings, a clubhouse, a retail zone, offices and green spaces.
Parsons said that its scope includes the design of residential buildings, town houses, villas, a sales centre and several utility buildings, as well as the design of the master plan, infrastructure and landscaping for the site.
Mag Property Development is the real estate arm of Mag Group – a series of property and trading businesses owned by the Syrian entrepreneur Moafaq Al Gaddah. The group was set up in 1978 and currently employs around 2,000 staff. It has developed several residential towers in Dubai Marina, Jumeirah Lakes Towers and Jumeirah Village Circle, the Emirates Financial Towers buildings in Dubai International Financial Centre and a warehouse complex in Sharjah. It is also currently on site at Mag 5 Boulevard – a project with more than 1,000 apartments within 13 low-rise apartment blocks at Dubai South.
Gary Adams, the president of Parsons’ Middle East and Africa region, said: “This is our first buildings contract with MAG Property Development, and we are excited to work with them.
“We look forward to bringing our buildings and mixed-use projects expertise to this development.”
Parsons employs more than 4,200 employees in the Middle East, and more than 13,000 worldwide. The employee-owned firm recently reported a 6 per cent decline in revenue for 2016 to US$3.04bn.
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