Dubai affordable housing project where the first phase is of $190.5 million has reported strong sales with 80 percent of properties snapped up. MAG 5 Property Development, a company formed jointly by MAG Property Development and MBM Holding, said its MAG 5Boulevard project is scheduled for completion in the first quarter of 2018. Located at Dubai World Central (DWC)’s residential district, the developer added that phase 2 is to be launched during Cityscape Global exhibition next month.