MAG 535

MAG 535 is a 13-storey residential complex located in Dubai South, Dubai. The building is part of the MAG 5 Boulevard community and was the first to be constructed in this development. The mixed-use community was developed by MAG Lifestyle Development and commissioned in 2020.

Properties include studios and one- to three-bedroom apartments. Studios have fully equipped kitchens, balconies, spacious living rooms, and modern bathrooms. Apartments have spacious terraces, fitted wardrobes, fully-equipped kitchens, and bedrooms with ensuite bathrooms. Three-bedroom apartments also have two balconies.

Studios and apartments range in size from 475 sq. ft. to 2,500 sq. ft. The average cost of a studio is AED 328,000 (USD 89,000), and the average price for a three-bedroom apartment is AED 1,387,000 (USD 378,000).

MAG 535 is located near Sheikh Mohammed Bin Zayed Road (E311). Sheikh Zayed Road, and Emirates Road, which provide residents with easy access to other parts of the city. As of now, the community does not have direct access to public transportation, so residents are advised to travel by personal vehicle and taxi. Al Maktoum International Airport can be reached within a 15-minute drive of the development.

Due to the fact that Dubai South is continuing to develop, the cost of residential real estate attracts the attention of local and foreign investors. Properties in MAG 535 have a return on investment rate that ranges from 5% to 6%. The average annual rental rate for a studio is AED 23,000 (USD 6,000), and the average annual rental rate for a three-bedroom apartment is AED 60,000 (USD 16,000). The estimated payback period on investments is between 15 and 25 years.