MAG 530
About the project MAG 530
(sq. ft.)
MAG 530 is a six-storey residential complex located in Dubai South. It is one of 13 buildings that make up the MAG 5 Boulevard development that was commissioned in 2019.
Properties include studios and one- to three-bedroom apartments. Studios have bathrooms, kitchens, dining areas, and spacious balconies. Apartments have built-in wardrobes, dining areas, kitchens, balconies, and spacious bedrooms with ensuite bathrooms. Two-bedroom apartments also have walk-in wardrobes.
The building provides a variety of amenities and services, including:
- Covered parking (a least one space per unit)
- High-speed lifts
- 24-hour security and CCTV
- Central air conditioning
- Modern gym
- Swimming pool
- Landscaped garden
- Jogging and cycling paths
- Concierge services
Units range in size from 623 sq. ft. to 1,017 sq. ft. and range in price from AED 450,000 (USD 123,000) to AED 775,000 (USD 211,000).
*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 1-3BR
- Area from 623 sq. ft.
Location
MAG 530 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:
- Pulcinella Restaurant, Marmarita Restaurant, and Certo Italian Restaurant
- Al Maya Supermarket, Waitrose, and Grandiose Supermarket
- South View School Dubai
- CreaKids Nursery
- NMC Royal Hospital
- Damac Hills Rockwood 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 Selfie Kingdom, the emirate’s first c
- Dubai Miracle Garden, a unique garden with numerous sculptures made from different kinds of flowers
- IMG Worlds of Adventure, a huge indoor theme park
Economic attractiveness
MAG 5 Boulevard is situated in 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.
Properties at MAG 530 have a return on investment rate that ranges from 5% to 6%. The annual rental rate for a unit starts at AED 28,000 (USD 6,000), and the average annual rental for a one-bedroom apartment is AED 31,000 (USD 8,000). The estimated payback period on investments ranges from 18 to 22 years.
*The price is valid for 2021
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