Overview

Property Description

MAG 505 is a residential complex located on Mag 5 Boulevard in Dubai South. It was developed by MAG and was commissioned in 2018. It offers unfurnished studios and one- to two-bedroom apartments that are available for rent and purchase. All units are equipped with semi-open-plan kitchens, spacious built-in wardrobes, and modern bathrooms. The surrounding green spaces or the landscaped courtyard can be seen through the panoramic windows and balconies. A free economic zone, South Dubai is home to Expo City 2020, Al Maktoum International Airport, and Business Park. The community covers 145 sq. km and is a free trade zone. South Dubai real estate is ideal for families with children, professionals, and tourists. Housing costs are relatively low, and residents get to enjoy the nearby highways and international airport. Studios have a return on investment rate of 6%, while apartments have a return rate ranging from 4.6% to 4.8%.

Location