Dubai developer cashes in on luxury property demand with $54m Creekside mansions

MAG’s Ritz-Carlton Residences have a mooring for a 120-foot yacht, a cinema and a gym

Dubai developer MAG has announced the release of four more ultra-luxurious mansions at its Ritz-Carlton Residences project as it seeks to cash in on the strong demand for prime property in the city.

The Sky Mansions, part of the Keturah Resort, are each priced at Dh200 million ($54.45 million) and follow the earlier release of eight mansions in the same development, taking the total to 12.

Each unit comprises of four floors with eight bedrooms, a majlis, media room, lounges, spa, gym and cinema. It also has a private mooring for up to 120-foot yachts.

“The unveiling of the Sky mansions further heightens our overall enthusiasm, as we are thrilled with the response to our launches of the Earth and Water mansions,” said Talal Al Gaddah, senior executive vice chairman of MAG.

“The project has been designed in response to strong demand and project sales.”

Dubai’s property market boomed last year amid a wider economic recovery in the UAE following the coronavirus-induced slowdown.