Daily Newsletter

07 February 2024

Daily Newsletter

07 February 2024

MAG selects CECEP Techand to construct Ritz-Carlton Residences 

The development will feature 249 residences and 12 mansions, each with yacht parking for residents.

Upasana Mukherjee February 07 2024

CECEP Techand Middle East has been contracted to construct The Ritz-Carlton Residences, Dubai, Creekside, part of Keturah Resort in the United Arab Emirates.

According to a press release posted on Zawya, the project has a construction value of Dh2.8bn ($762m) and the contract has been awarded by real estate developer MAG. 

It is expected to be completed by the fourth quarter (Q4) of 2027.  

MAG partnered with Marriott International to launch The Ritz-Carlton Residences, Dubai, Creekside. 

The luxury and wellness-focused development will feature 249 residences and 12 mansions, each with yacht parking for residents. 

The Keturah Resort luxury wellness development offers homeowners a seven-star wellness centre, a five-star hotel, and clubs for private members, women, and children.  

It also houses restaurants, a 550m promenade, and retail spaces focused on organic products.  

Additional facilities include 24/7 private parking with valet services and a gated community offering views of the wildlife sanctuary, Burj Khalifa, Dubai Creek Harbor, and Meydan. 

The Ritz-Carlton Residences will also offer convenient access to areas such as Dubai Downtown, Dubai International Financial Centre, and Dubai International Airport. 

MAG CEO Talal Moafaq Al Gaddah said: “We are pleased with the signing of the LOI [letter of intent] for the main construction works for Keturah Resort, a project that embodies the highest standards of ultra-luxury experiences coupled with regional-first unique wellness features.  

“This project promises to redefine the real estate sector, and we have already witnessed great sales from buyers seeking living environments that enhance health and well-being with the best luxury amenities.” 

Keturah Resort by MAG aims to become the first project in the Middle East/North Africa region to seek the WELL Health-Safety certification for its buildings. 

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