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Mag 565 is a seven-storey residential complex located in the mixed-use community of Dubai South, an area that became very popular due to the Expo in 2020. The project was implemented by Mag Group and is part of the larger Mag 5 Boulevard development. Properties include studios and one- to two-bedroom apartments that are equipped with modern appliances and stylish furniture. Studios range in size from 360 sq. ft. to 437 sq. ft., and apartments range in size from 622 sq. ft. to 914 sq. ft. Studios range in price from AED 255,000 to 325,000 (USD 70,000 to 89,000). One-bedroom apartments cost approximately AED 443,000 (USD 121,000), and two-bedroom apartments cost approximately AED 535,000 (USD 146,000). The complex provides a variety of amenities and services, including:
High-speed elevators
Underground parking for residents
Outdoor parking for guests
Round-the-clock security and video surveillance
Central air conditioning
Maintenance services
24-hour concierge services
Communal swimming pool
Gym
Steam room and sauna
Children’s playground and swimming pool
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Dubai South is an up-and-coming area with a developed infrastructure. It is home to Al Maktoum International Airport. It will soon become a self-sustaining community with a wide range of social and leisure facilities. Mag 565 is located on 13th Street near Emirates Road, Al Tariq Road, and Expo Road. From there, residents have easy access to other parts of the emirate via personal vehicles and cabs. The availability of public transportation is limited throughout the community. Residents can take advantage of nearby facilities that can be reached within a 10- to 15-minute drive of the building, including:
Studios in Dubai South have a return on investment rate that can reach up to 6%. One-bedroom apartments have a return rate of 5%, and two-bedroom units have a return rate of 4.5%. Properties can be purchased to subsequently rent out, which can generate a long-term profit. Mag 565 attracts potential tenants and investors because it offers many amenities and services. The apartments are equipped with modern appliances and stylish furniture, and the area is actively being developed.
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