MAG 505
About the project
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MAG 505 is a residential complex located on Mag 5 Boulevard in Dubai South, Dubai. The project was developed by MAG and commissioned in 2018.
Properties include unfurnished studios and one- to two-bedroom apartments that are available to buy and rent. Units feature equipped semi-open-plan kitchens, large built-in wardrobes, and bathrooms with modern plumbing. Panoramic windows and balconies offer beautiful views of the nearby green areas or the landscaped courtyard.
The complex provides a variety of amenities and services, including:
- Central air conditioning
- Lobby with a waiting room
- Parking with dedicated spaces for each residential unit
- Gym
- Large outdoor swimming pool
- Children’s playground and pool
- Large landscaped garden
- Security services and video surveillance
- Pet-friendly accommodations
One-bedroom apartments have a minimum size of 44 sq. m (478 sq. ft.) and a starting price of AED 450,000 (USD 123,000).
*The price is valid for 2021
Property Information
- Location Dubailand, Dubai, UAE
- Developer MAG
- Status of Project Ready
- Type of Project Residential Building
- Units Studios - 2BR Apartments
- Area from
Location
MAG 505 is located in a community with excellent transport accessibility. Residents have easy access to Emirates Road, Jebel Ali – Lehbab Road, and Expo Road, which provide direct routes to other parts of the emirate.
The Mag 5 shopping complex is opposite the building and can be reached within a five-minute walk. For groceries and household goods, residents can shop at Grand Express Supermarket DWC, which is situated within a 10-minute drive.
The complex is located within a short drive of several popular destinations, including:
- Global Village Theme Park – 25 minutes
- Trump International Golf Club – 25 minutes
- IMG Worlds of Adventure Park – 30 minutes
- Silicon Oasis – 30 minutes
- Palm Jumeirah, an upscale beach area with a waterpark and water activities – 30 minutes
- Downtown Dubai – 40 minutes
For outdoor recreation, residents can go to Green state swimming pools park, which can be reached within a 15-minute drive of the building.
Payback
South Dubai is one of Dubai’s most promising areas. It is home to the world-famous Expo City 2020, Al Maktoum International Airport, and Business Park. The community covers an area of 145 sq. km and is a free economic zone.
Residential and commercial real estate located in South Dubai is ideal for families with children, professionals, and tourists. Housing is available at a relatively low price, and residents can take advantage of nearby highways and an international airport.
MAG 505 offers many profitable real estate investment opportunities. Studios have a return on investment rate of 6%, and apartments have a return rate that ranges from 4.6% to 4.8%, per year.
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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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