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MAG 545 is a 13-storey residential complex located in South Dubai near the city’s bypass road. The project was developed by MAG Group, a company well-known for other prominent developments, such as MAG 214 in Jumeirah Lake Towers and MAG 218 in Dubai Marina. There are a total of 1,118 residential units, including studios and one- to three-bedroom apartments that are available to buy and rent. Studios cover an area of 475 sq. ft. and have a purchase price of AED 340,000 (USD 93,000). One-bedroom apartments have a maximum size of 700 sq. ft. and an average cost of AED 450,000 (USD 123,000). Two-bedroom apartments range in size from 661 sq. ft. to 1,050 sq. ft. and have a minimum price of AED 745,000 (USD 203,000). Three-bedroom apartments have a starting price of AED 900,000 (USD 246,000). The complex provides a variety of amenities and services, including:
Covered parking
High-speed elevators
Equipped gym
Swimming pool
Children’s playground
Event space for celebrations and business meetings
Concierge services
Round-the-clock security and video surveillance
Backup power system
Fire safety system
Air conditioning
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Dubai South is a mixed-use neighbourhood that is home to the Expo 2020 complex and Al Maktoum International Airport. The area has a mix of residential and commercial buildings, and it is one of the city’s most popular residential communities.
The complex is located near Emirates Road, Expo Road, and Jebel Ali-Lehbab Road, which provide direct routes to other parts of the emirate. Public transportation is limited throughout the community, so residents are advised to travel by personal vehicles and cabs.
Residents can choose from a selection of local restaurants and cafes. Olives Restaurant, Golos Italia Restaurant, Coffee Pushin, and Skini Panini are situated within a 10-minute drive of the apartments, and they specialise in South Asian, Middle Eastern, European, and Arabian cuisines. For groceries and household goods, residents can shop at San Marco, Zoom, Sunrise City, and Madinat, which can also be reached within a 10-minute drive. Residents can take advantage of nearby facilities that are located within a 15-minute drive of the building, including:
Properties at MAG 545 boast excellent return on investment rates that range from 6.5% to 7.3%. The estimated payback period ranges from 14 to 15 years. Units can be purchased to subsequently rent out, which can generate a steady income. Due to relatively short payback periods, properties are increasingly in demand among tenants and investors.
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