MAG 22: Townhouses in Meydan with a 15% Entry and Spread-Out Payments
MAG 22 is a townhouse development by MAG Property Development in Meydan, Dubai. The project offers two-bedroom and three-bedroom townhouses, sized at just under 2,950 sq ft and just under 4,000 sq ft respectively. For a buyer looking at freehold townhouses in a central Dubai location, the pricing structure and payment terms here are worth understanding in detail.
Meydan: Central Position and Direct Road Access
Meydan sits within central Dubai, with Al Khail Road nearby. That connection puts Downtown Dubai within a short drive and Dubai International Airport within a 15 to 20-minute commute. Business Bay and DIFC are in the same orbit. For families, this means central Dubai is accessible without paying for an address on the fringe of Downtown. For investors, the connectivity broadens the potential tenant pool considerably.
What AED 4.2M to AED 5.7M Gets You
The price range spans AED 4,261,190 to AED 5,675,718, and the gap reflects two distinct products, not a spectrum within one unit type.
The lower end is the 2-bedroom townhouse at 2,944 sq ft, starting at AED 4,261,190. That works out to roughly AED 1,447 per sq ft. The upper end is the 3-bedroom townhouse at 3,943 sq ft at AED 5,675,718, or approximately AED 1,439 per sq ft. The per-square-foot rate is almost identical across both types. You are paying for scale, not for a premium on the larger unit.
A buyer at the entry point gets a large two-bedroom footprint, suited to a small family or an investor targeting the mid-sized rental market. The three-bedroom buyer needs the additional bedroom and is likely either a growing family or someone targeting a higher rental bracket.
Two Townhouse Configurations
| Type | Bedrooms | Area | Starting Price |
|---|---|---|---|
| Type 1 | 2 bedrooms | 2,944 sq ft | AED 4,261,190 |
| Type 2 | 3 bedrooms | 3,943 sq ft | AED 5,675,718 |
Nearly 3,000 sq ft for the smaller unit is substantial. That kind of indoor space suits buyers who want room to spread out and prefer a low-rise community over apartment tower living.
What the Amenities Indicate
| Category | Facilities |
|---|---|
| Health and Fitness | Gymnasium |
| Dining and Retail | Restaurants, Retail Facilities |
| Outdoor and Social | Shared Pool, Barbecue Area |
| Safety | Security |
The combination of restaurants and retail within the community reduces the need to leave for everyday needs. The shared pool and barbecue area point to a project oriented around outdoor communal living. There is no spa, no premium wellness offering, and no concierge service. The amenity set fits a practical family community rather than a resort-style residential concept. Buyers prioritising luxury amenities should factor that gap into their comparison.
Timeline: Handover Date Has Passed
Construction at MAG 22 started in April 2024, with a scheduled completion of December 2024. That date is now in the past. The project is likely complete and units are probably ready for occupation or rental.
Getting In for 15%
| Stage | Payment |
|---|---|
| Down payment | 15% |
| During construction | 35% |
| Post handover | 50% |
The 15% down payment keeps the initial cash requirement contained at entry. What makes this structure notable is the 50% deferred to post-handover instalments, which means roughly half the purchase price is paid after keys are received. For a buyer who plans to rent the unit immediately on completion, rental income can help absorb those post-handover payments. For an owner-occupier, the obligation continues well past move-in, which is a practical cash-flow consideration worth building into the purchase timeline.