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| 14 March, 2018

MAG, Emaar to develop automated parking facility in Dubai

The facility will accommodate approximately 700 cars and significantly ease parking pressure around the Dubai Marina area.

Image used for illustrative purposes. Assembled Tondar (Renault's Logan) cars are seen in a parking at Iran Khodro's joint venture plant, west of Tehran September 22, 2007.

Image used for illustrative purposes. Assembled Tondar (Renault's Logan) cars are seen in a parking at Iran Khodro's joint venture plant, west of Tehran September 22, 2007.

REUTERS/Raheb Homavandi
MAG Robotic Investments has signed a contract with Emaar Properties, a global property developer based in the UAE, for the development of a fully automated parking facility on a build-operate-transfer (BOT) basis at Dubai Marina.

MAG Robotic Investments has assigned MAG Royal Solutions, one of the pioneers of smart automated parking solutions in the UAE, to manage the new Dubai Marina project. The facility will accommodate approximately 700 cars and significantly ease parking pressure around the Dubai Marina area.

The automated parking facility, which represents the third largest to be developed by MAG Royal Solutions, will be located on the ground and first floors of a building that will also be home to state-of-the-art restaurants and retail outlets. The building has been designed to complement the unique architectural concepts that already characterise Dubai Marina and the restaurants will offer an ideal ambiance and splendid views of the Marina and Dubai skyline.

Effective and smart parking solutions are integral to the efficiency and liveability of cities. The automated parking facility will eliminate the need to walk or drive around various parking decks in search of a vacant space or parked car.

This will dramatically decrease foot traffic and driving inside the parking facility, contributing to zero emissions and making the facility environmentally clean and fully compliant with green building requirements. Valet parking will also be provided to ensure the comfort of patrons and visitors.

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MAG Royal Solutions is a subsidiary of the MAG Group of Companies and a sister company to MAG Lifestyle Development, a leading property developer in the UAE.

Emaar Properties, listed on the Dubai Financial Market, is a global property developer and provider of premium lifestyles, with a significant presence in the Middle East, North Africa and Asia. One of the world’s largest real estate companies, Emaar has a land bank of 187 million sq m in the UAE and key international markets. – TradeArabia News Service

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