MAG 555
About the project MAG 555
(sq. ft.)
MAG 555 is a 13-storey residential complex located in Dubai South. It is part of the larger MAG 5 Boulevard community. The project was developed by MAG Group.
Properties include studios and one- to two-bedroom apartments that have living rooms, kitchens, and bathrooms. Two-bedroom apartments also have two balconies, built-in closets, and open kitchens that are connected to the living rooms.
The complex provides a variety of amenities and services, including:
- Security services and video surveillance
- Fire extinguishing systems
- Intercom systems
- Lobby with a guest waiting area
- 24-hour concierge services
- Gym
- Sauna
- Swimming pool
- Cycling paths
- Pet-friendly accommodations
- Underground parking
- Landscaped areas
Properties range in size from 367 sq. ft. to 670 sq. ft. Furnished studios are the most popular type of unit. Annual rental rates start at AED 30,000 (USD 8,000), and apartments can be purchased for AED 625,000 (USD 170,000).
*The price is valid for 2021
Property Information
- Location Dubai South, Dubai, UAE
- Developer MAG
- Status of Project Ready
- Type of Project Residential Tower
- Units 1-2BR
- Area from 367 sq. ft.
Location
MAG 555 is located in the developing area of South Dubai, a mixed-use neighbourhood with residential and commercial buildings. The most convenient way for residents to travel around is by personal vehicle and cab. The building is situated near the intersection of Expo Road and Emirates Road, two of the city’s main highways, which provides residents with easy access to other parts of the emirate.
The complex is located within a 15- to 30-minute drive of many popular destinations, including:
- Zoom and Parco Supermarket
- Greenfield School and British Columbia School
- Dubai Marina Mall, Mall of the Emirates, and Dubai Mall
- Mia Fitness Centre
- Jebel Ali Beach
- Worlds of Adventure
- Motiongate Dubai, a Hollywood-inspired theme park
- 18-hole golf course
- Al Maktoum Clinic
- Al Maktoum International Airport
- Expo 2020
Payback
Residential real estate at MAG 555 is of interest to investors. Studios have the highest return on investment rate of 6%. Two-bedroom apartments have a return rate of 4.5%.
Dubai South is a fast-growing area with a blend of residential and commercial buildings, as well as restaurants and entertainment venues. It is a free economic zone for trade and business, and it is home to an international airport, which is convenient for visitors and business travellers.
Property in MAG 5 Boulevard is considered to be a good investment due to a demand for rental units.
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Metropolitan Premium Properties
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[email protected]
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+971 4 428 6151
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36th-38th Floor, Al Salam Tecom Tower,
Internet City, Dubai, UAE
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