MAG 560
About the project MAG 560
(sq. ft.)
MAG 560 is a six-storey residential complex located in Dubai South. It is one of 13 buildings that make up the larger MAG 5 Boulevard development. The project was developed by MAG Group.
The building consists of more than 130 residential units, including studios and one- to two-bedroom apartments. Studios cover an area of 387 sq. ft. One-bedroom apartments have a minimum size of 488 sq. ft., and two-bedroom apartments have an average size of 664 sq. ft.
The complex provides a variety of amenities and services, including:
- Reserved parking for each resident
- Street parking for guests
- High-speed elevators for easy movement between floors
- Several service elevators
- Round-the-clock security services and CCTV
- Fire extinguishers and smoke detectors on each floor
- Utilities provided by DEWA
- Facilities for people with disabilities
- Fully equipped gym
- Swimming pools for adults and children
- Saunas and steam rooms
- Children’s playground
Property Information
- Location Dubai South, Dubai, UAE
- Developer MAG
- Status of Project Ready
- Type of Project Residential Tower
- Units 1-2BR
- Area from 387 sq. ft.
- Total Amount of Units 130
Location
MAG 560 is located in the developing community of Dubai South. It is a mixed-use neighbourhood that has its own developed infrastructure. There are several nearby social and leisure facilities, which make it a convenient place to live for families, couples, and individuals. The area is home to Al Maktoum International Airport.
Public transportation is limited throughout the community, so residents are advised to travel by personal vehicles and cabs.
The complex is situated within a 10- to 20-minute drive of many popular destinations, including:
- Geant Express Mudon and Al Maya Supermarket
- Texas De Brazil, the Maine Oyster Bar & Grill, and Tomo Restaurant
- Greenfield Public School
- NMC Royal Hospital
- Outlet Village Shopping Complex
- Mia Fitness Centre
- Staybridge Suites, a four-star hotel
- JBR Beach
- Global Village, a family-friendly destination
- Dubai Butterfly Garden, one of the city’s most popular nature attractions
- Ski Dubai, an indoor ski resort with ice caves
Payback
Dubai South is a fast-growing area with a mix of residential and commercial buildings, as well as restaurants and entertainment venues. This community offers everything residents need to have a comfortable living environment.
Properties at MAG 560 combine comfort and affordability. The annual rental rate for a studio starts at AED 17,000 (USD 4,500). The annual rental rate for a one-bedroom apartment starts at AED 22,000 (USD 6,000), and the annual rental rate for a two-bedroom apartment starts at AED 38,000 (USD 10,000).
Studios have the highest return on investment rate of 6%. One-bedroom apartments have a return rate of 5%, and two-bedroom apartments have a return rate of 4.5%.
*The price is valid for 2021
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Internet City, Dubai, UAE
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