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MAG 515 is a seven-storey residential building located in Dubai South. The building is part of the MAG 5 Boulevard community, which is a mixed-use development by MAG Group. Properties include studios and one- to two-bedroom apartments that are available for sale and rent. Studios have modern bathrooms, kitchens, and balconies. Apartments also have lounge areas and bedrooms with ensuite bathrooms. Studios and apartments range in size from 349 sq. ft. to 700 sq. ft. Property prices range from AED 265,000 (USD 72,000) to AED 550,000 (USD 150,000). The complex provides a variety of amenities and services, including:
Fully equipped gym
Swimming pool
Jogging tracks
Security and video surveillance
High-speed lifts
Covered parking
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Dubai South is a developing area. As of now, the community does not have direct access to public transportation, so residents are advised to travel by personal vehicle and taxi. Residences are situated near Emirates Road, Expo Road, and Jebel Ali-Lehbab Road, which provide easy access to other parts of the emirate.
Residents can choose from a selection of local restaurants and cafes. Olives Restaurant, Skini Panini, Coffee Pushin, McDonald’s, and Golos Italia Restaurant are located within a 15-minute drive of the residences. For groceries and household goods, residents can shop at Quick Supermarket, which can be reached within a five-minute drive, and Grand Express Supermarket is situated within a 10-minute drive.
Al Maktoum International Airport is located within a 20-minute drive of the building. NMC Royal Hospital can be reached within a 25-minute drive. South View School is situated within a 15-minute drive, and many of the city’s most popular parks and resorts can be reached within a 30-minute drive.
The development of Dubai South began in 2006. Upon completion, the community is expected to become a ‘city of the future,’ according to the master plan. There are several zones, such as residential, commercial, logistics, aviation, hotel, and leisure. It is also a free economic zone, which attracts international companies. Many local professionals choose to stay near their place of employment, which generated demand for properties in nearby complexes, such as MAG 515. Studios and apartments in the area have a return on investment rate that ranges from 5% to 6%. Annual rental rates at MAG 515 range from AED 17,000 (USD 5,000) to AED 29,000 (USD 8,000), and the estimated payback period on investments is between 18 and 25 years.
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