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MAG 555 is a 13-storey residential complex located in Dubai South. It is part of the larger MAG 5 Boulevard community. The project was developed by MAG Group. Properties include studios and one- to two-bedroom apartments that have living rooms, kitchens, and bathrooms. Two-bedroom apartments also have two balconies, built-in closets, and open kitchens that are connected to the living rooms. Properties range in size from 367 sq. ft. to 670 sq. ft. Furnished studios are the most popular type of unit. Annual rental rates start at AED 30,000 (USD 8,000), and apartments can be purchased for AED 625,000 (USD 170,000). The complex provides a variety of amenities and services, including:
Security services and video surveillance
Fire extinguishing systems
Intercom systems
Lobby with a guest waiting area
24-hour concierge services
Gym
Sauna
Swimming pool
Cycling paths
Pet-friendly accommodations
Underground parking
Landscaped areas
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MAG 555 is located in the developing area of South Dubai, a mixed-use neighbourhood with residential and commercial buildings. The most convenient way for residents to travel around is by personal vehicle and cab. The building is situated near the intersection of Expo Road and Emirates Road, two of the city’s main highways, which provides residents with easy access to other parts of the emirate.
The complex is located within a 15- to 30-minute drive of many popular destinations, including:
Residential real estate at MAG 555 is of interest to investors. Studios have the highest return on investment rate of 6%. Two-bedroom apartments have a return rate of 4.5%. Dubai South is a fast-growing area with a blend of residential and commercial buildings, as well as restaurants and entertainment venues. It is a free economic zone for trade and business, and it is home to an international airport, which is convenient for visitors and business travellers. Property in MAG 5 Boulevard is considered to be a good investment due to a demand for rental units.
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