MAG 520
About the project MAG 520
(sq. ft.)
MAG 520 is a seven-storey residential complex located in Dubai South. Properties include studios and one-bedroom apartments that vary in configuration and can be furnished or unfurnished.
Studios have sleeping areas, kitchenettes, modern bathrooms, and large windows with beautiful views of the emirate. One-bedroom apartments have kitchens, living rooms, modern bathrooms, and balconies that overlook the area.
The building provides a variety of amenities and services, including:
- Covered parking
- High-speed lifts
- Security and CCTV
- Central air conditioning
- State-of-the-art fitness centre
- Swimming pool
- Children’s playground
Properties range in size from 347 sq. ft. to 517 sq. ft. Studios have a starting price of AED 280,000 (USD 76,000), and apartments have a maximum price of AED 375,000 (USD 102,000).
*The price is valid for 2021
Property Information
- Location Dubai South, Dubai, UAE
- Developer MAG
- Status of Project Ready
- Type of Project Residential Building
- Units 1BR
- Area from 347 sq. ft.
Location
MAG 520 is not located within walking distance of public transportation, so residents are advised to travel by personal vehicle or taxi.
The complex is situated within walking distance of many social and leisure facilities, including:
- Cherish Cafe, Royal Grill Restaurant, Green Chilli Restaurant, and Dulcis Cafe
- Mango Hypermarket, BROZ Grocery, Choithrams, and Springs Supermarket
- South View School Dubai
- CreaKids Nursery
- NMC Royal Hospital
- DAMAC Hills Rockwood Golf Course and Trump International Golf Club
- Mudon Community Centre
Al Maktoum Airport can be reached within a 20-minute drive of the residences. The complex is located within a 20- to 25-minute drive of some of the city’s most famous attractions, including:
- The Els Club, one of the emirate’s finest sports facilities
- The Village Mall, a shopping centre with many famous international brands, restaurants, and entertainment venues
- Dubai Autodrome, a racetrack for fans of motorsports and high-speed races
Payback
Dubai South is a developing part of the city that was home to Expo 2020, an international exhibition that attracted visitors from around the world. The global event contributed to a significant increase in demand for real estate in Dubai South.
Studios and apartments at MAG 520 have a return on investment rate of 6%. The average annual rental rate for a studio is AED 21,000 (USD 6,000), and the average annual rental rate for an apartment is AED 29,000 (USD 8,000). The estimated payback period ranges from 14 to 18 years.
*The price is valid for 2021
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