Overview

Property Description

One of the best places to buy villas, townhouses, and apartments in Dubai South is the six-storey MAG 550 residential complex. This complex is part of a larger development that contains 13 medium-rise buildings with 528 apartments. The project was developed by MAG Developer, an international construction company, in 2019 and is located in the middle of the community, surrounded by elegantly landscaped areas that were designed with a minimalist style. Studio apartments, one-bedroom apartments, and three-bedroom apartments are available. Depending on the configuration, apartments include spacious living rooms, modern bathrooms, dining areas, fully equipped kitchens, and balconies. Floor-to-ceiling windows provide stunning views of the community from the apartments. Storage rooms, laundry rooms, and dressing rooms are also included in each unit. The average annual rental rate for a one-bedroom apartment starts at AED 28,000 (USD 8,000). One-bedroom apartments are in high demand. Properties have an annual return on investment rate of approximately 5.9%. *Prices are valid for 2021

Location