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MAG 530 is a six-storey residential complex located in Dubai South. It is one of 13 buildings that make up the MAG 5 Boulevard development that was commissioned in 2019. Properties include studios and one- to three-bedroom apartments. Studios have bathrooms, kitchens, dining areas, and spacious balconies. Apartments have built-in wardrobes, dining areas, kitchens, balconies, and spacious bedrooms with ensuite bathrooms. Two-bedroom apartments also have walk-in wardrobes. Units range in size from 623 sq. ft. to 1,017 sq. ft. and range in price from AED 450,000 (USD 123,000) to AED 775,000 (USD 211,000). The building provides a variety of amenities and services, including:
Covered parking (a least one space per unit)
High-speed lifts
24-hour security and CCTV
Central air conditioning
Modern gym
Swimming pool
Landscaped garden
Jogging and cycling paths
Concierge services
| Date | Percentage |
|---|---|
| On Handover | 2019% |
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MAG 530 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:
MAG 5 Boulevard is situated in 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. Properties at MAG 530 have a return on investment rate that ranges from 5% to 6%. The annual rental rate for a unit starts at AED 28,000 (USD 6,000), and the average annual rental for a one-bedroom apartment is AED 31,000 (USD 8,000). The estimated payback period on investments ranges from 18 to 22 years.
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