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MAG 555, Dubai South

MAG 555, Dubai South

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Dubai South, Dubai

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Strengths

Modern architectural design

Prime location

Comprehensive amenities

Weakens

Limited public transport options

High initial investment

Ongoing construction in the area

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Buildign Overview

Summary

  • MAG 555 is a modern residential development situated in the vibrant area of Dubai South.
  • The building is conveniently located near the Al Maktoum International Airport and the Expo 2020 site, enhancing its attractiveness to both residents and investors.
  • A well-planned community that offers easy access to major road networks and public transport facilities, providing seamless connectivity to the rest of Dubai.

Properties Overview

  • The building features a variety of residential units, including 1, 2, and 3-bedroom apartments, designed to cater to the needs of diverse families.
  • Rental prices for units in MAG 555 typically range from AED 50,000 to AED 120,000 annually, depending on the apartment size and layout.
  • For those interested in purchasing property, units are available at competitive prices starting around AED 800,000.

Market Trends

  • The real estate market in Dubai South has seen a steady increase in demand, particularly as the area continues to develop.
  • Rental yields in MAG 555 are approximately 6-8%, making it an attractive investment option in the burgeoning Dubai South district.
  • As of the past year, there has been a noticeable trend towards an increasing number of expatriates relocating to this area, driven by new job opportunities and improved infrastructure.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • The vicinity of MAG 555 includes several essential services such as supermarkets, schools, and healthcare facilities, ensuring that residents have access to all necessary amenities.
  • Notable educational institutions in the area include Dubai South Academy and the Global Indian International School, catering to families with children.
  • Healthcare is well catered for, with medical facilities like Al Maktoum Medical Center and various pharmacies within easy reach.

Transportation and Accessibility

  • MAG 555 offers excellent access to public transportation, with metro stations and bus routes within a short distance from the building.
  • Ample parking space is available for residents and visitors, ensuring convenience for car owners.
  • The location provides quick access to major highways, making commutes to popular areas like Dubai Marina and Downtown Dubai hassle-free.

Lifestyle Amenities

  • Residents can enjoy a variety of lifestyle features, including state-of-the-art fitness centers, swimming pools, and landscaped gardens.
  • The neighborhood boasts a selection of dining options, ranging from casual eateries to fine dining restaurants.
  • Outdoor enthusiasts will appreciate the nearby parks and community spaces, ideal for recreational activities and family gatherings.

Builing Facilities

  • MAG 555 is equipped with high-speed elevators, offering quick access to all floors.
  • The building prioritizes safety and security, featuring a 24-hour security system and concierge services.
  • Central air conditioning ensures comfort throughout the year, while professional maintenance services are readily available to address residents' needs.

Special Services

  • Residents can benefit from concierge services that assist with various needs, including reservations and maintenance requests.
  • The building also features dedicated business centers, catering to professionals who may need a workspace.

Planning Your Move or Investment

Floor Plans and Property Types

  • MAG 555 offers a diverse range of floor plans, accommodating different lifestyles and preferences.
  • Whether you seek a cozy one-bedroom or a spacious three-bedroom apartment, options are designed to maximize comfort and functionality.

Things to Consider

  • Explore the financing options available for purchasing units and the associated costs, such as service charges and maintenance fees.
  • Consider lease terms, including the duration and renewal procedures, if renting.

Useful FAQs and Support

Events and Building Life

Building Events

  • MAG 555 frequently hosts community events and social gatherings, fostering a strong sense of community among residents.
  • Seasonal celebrations and workshops are organized to engage residents and encourage interpersonal connections.

Community Identity

  • The unique architectural design and modern facilities make MAG 555 a standout building within the Dubai South community.
  • Emphasizing sustainability and modern living, the building integrates eco-friendly practices, enhancing its appeal to environmentally conscious residents.

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Detailed Buiding Insights

1. Family Friendliness

MAG 555 is designed with family-centric amenities, including children's play areas and community events that foster a sense of belonging.

Exceptionally Welcoming

2. Living Options

The community offers a variety of housing options, including apartments and villas, providing choices that cater to different family sizes and budgets.

Broadly Diverse

3. Safety And Security

MAG 555 is equipped with state-of-the-art security features, including 24-hour surveillance and controlled access, ensuring a safe environment for residents.

Remarkably Secure

4. Transportation

While public transportation options are developing, residents benefit from proximity to major highways, making commuting relatively straightforward.

Moderately Convenient

5. Amenities And Facilities

The community boasts a variety of amenities, including swimming pools, gyms, and retail spaces, enhancing the lifestyle of its residents.

Richly Equipped

6. Cost Of Living

Housing prices in MAG 555 are competitive for the quality of living offered, balancing affordability with premium features.

Relatively Balanced

7. Things To Do

Residents have access to numerous activities, including local parks, shopping centers, and cultural events, catering to a variety of interests.

Vibrantly Diverse

8. Noise Levels

The community maintains a tranquil atmosphere, with designs that minimize noise pollution, ensuring a serene living environment.

Generally Peaceful

9. Pet Friendliness

MAG 555 is pet-friendly and offers plenty of open spaces and parks for pets to enjoy, appealing to animal lovers.

Warmly Accommodating

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Key Information

Developer:  MAG Property Development

Building Type: Residential

Unit Types : studio apartments and 1 and 2-bedroom apartments

Floors: A G+13 floor 

Community Insights
Mostly apartments | Luxury | Well connected
Lowest: 135K - 260K AED/year

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