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MAG 520 is a seven-storey residential complex located in Dubai South. Properties include studios and one-bedroom apartments that vary in configuration and can be furnished or unfurnished. Studios have sleeping areas, kitchenettes, modern bathrooms, and large windows with beautiful views of the emirate. One-bedroom apartments have kitchens, living rooms, modern bathrooms, and balconies that overlook the area. Properties range in size from 347 sq. ft. to 517 sq. ft. Studios have a starting price of AED 280,000 (USD 76,000), and apartments have a maximum price of AED 375,000 (USD 102,000). The building provides a variety of amenities and services, including:
Covered parking
High-speed lifts
Security and CCTV
Central air conditioning
State-of-the-art fitness centre
Swimming pool
Children’s playground
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MAG 520 is not located within walking distance of public transportation, so residents are advised to travel by personal vehicle or taxi.
The complex is situated within walking distance of many social and leisure facilities Al Maktoum Airport can be reached within a 20-minute drive of the residences. The complex is located within a 20- to 25-minute drive of some of the city’s most famous attractions, including:
Dubai South is a developing part of the city that was home to Expo 2020, an international exhibition that attracted visitors from around the world. The global event contributed to a significant increase in demand for real estate in Dubai South. Studios and apartments at MAG 520 have a return on investment rate of 6%. The average annual rental rate for a studio is AED 21,000 (USD 6,000), and the average annual rental rate for an apartment is AED 29,000 (USD 8,000). The estimated payback period ranges from 14 to 18 years.
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