Categories: Market

180-apartment luxury development: Dubai plans million-dollar project in Ticino near Lugano

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This is what the luxury development in Stabio is supposed to look like.

One of the leading real estate companies in the United Arab Emirates is expanding into Switzerland for its first international project. Dubai real estate developer MAG wants to build a luxury residential complex consisting of 14 buildings in Stabio TI for 185 million francs.

The 180-unit Minergie project includes, among other things, a fitness area, children’s playground and co-working space, MAG announced on Tuesday. Keturah’s project, called Stabio Garden Living, is being developed in collaboration with Ticino A++ Group. Completion is planned for 2026.

First international project

The project in Stabio is the luxury real estate developer’s first international project in the Gulf country. Stabio is on the Italian border. Supporters of the project expect great potential in the city due to the increase in cross-border travelers and the growth of companies. Stabio is approximately 20 minutes by car from Lugano and an hour from the metropolis of Milan (I).

The new project in Switzerland follows the launch of The Ritz-Carlton Residences, Dubai, part of the Keturah Resort, Creekside, luxury residential building Keturah Reserve and the developing urban residential complex Keturah Downtown. All of them are located in the urban area of ​​the Emirate of Dubai.

MAG said in a statement that the collaboration with its Ticino partner company will produce “remarkable results and innovative solutions” that will “improve the lifestyle of residents and redefine the real estate industry worldwide.” (SDA/kae)

Source :Blick

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