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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. 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 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
| Date | Percentage |
|---|---|
| On Handover | 2018% |
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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.
For outdoor recreation, residents can go to Green state swimming pools park, which can be reached within a 15-minute drive of the building.
The complex is located within a short drive of several popular destinations, including:
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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