Mag 5 Boulevard - Dubai South (Dubai World Central)  

Mag 5 Boulevard is a residential project consisting of thirteen Ground + 6 storey buildings and containing 1,118 apartments (studio, 1, 2 and 3 bedroom units). The project is located within the Dubai South district and close to the Expo 2020 site. The project was announced in May 2015 and completion is scheduled for mid-2018.

Master Community: Dubai South (Dubai World Central)
Property Types Available: Apartments
Location: Dubai Bypass Road
Status: Under Construction
Year Launched: 2015
Estimated Completion Date: June 2018
Developer: Mag Property Development
Title Type: Freehold
Quality Classification: Mid-end
Height Classification: Low-rise
Life Cycle: Under Contruction
Under Construction Buildings: 13
Under-Construction Apartments: 1,118
Floors: 6

Investment Feasibility & Decision Drivers

Snapshot summary for investing in Mag 5 Boulevard

Investment Score

Value for Money
50%
Project Uniqueness
50%
Location & Connectivity
50%
Rental Yield Expectation
80%
Capital Growth Expectation
85%
More information on investment scores

Total Score

Synopsis

Sale Status: Nearly sold out. Limited units available.

Payment Plan: Average payment-plan

Ideal for: End-Users & Investors

Price Range: AED 770 PSF - AED 820 PSF

Unit Types Available: 1 Bedroom Apartment, 2 Bedroom Apartment

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What Our Experts Think

If you are looking to make an investment within Dubai South to take advantage of residential real estate geared towards the Airport/Logistics infrastructure and the Expo 2020 economy then Mag 5 is probably the most sturdy of options. The project is under-construction; the developer is a top tier builder in the UAE, the project lies close to an upcoming metro-line and this is a project with a community feel rather than a stand-alone project. More importantly, it will be one of the first major communities to be handed over in Dubai South (2018)

The 1 beds are currently for AED 515 - 520,000. 2 Bedrooms are for AED 775 - 800,000. These property types will yield a 9-10% rental income upon completion.

- Last updated on Oct 7th, 2016

MAG 5 Boulevard Briefing - Feb 2016

 Published on Feb 25 2016   122 Views

 Category: Investment Guide

Mag 5 Boulevard is a residential project consisting of thirteen Ground + 6 storey buildings and containing 1,118 apartments (studio, 1, 2 and 3 bedroom units). The project is located within the Dubai South district and close to the Expo 2020 site. The project was announced in May 2015 and completion is scheduled for mid-2018.

Mag 5 Boulevard Launch underway. Major residential project close to the Expo 2020 site.

Studio, 1, 2 & 3 bedroom apartments with an exceptional payment-plan.

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About Mag 5 Boulevard

This development is located 7 KM away from the Expo 2020 site and according to the developer will be the first residential development completed within the vicinity (expected completion of June 2018). According to the developer, the Metro-Line being built for the Expo event will also run near the community.

Property Types

  • Studio Apartments built up area of 495 sq. ft.
  • 1 Bedroom Apartments built up areas range from 645 - 677 sq. ft.
  • 2 Bedroom Apartments built up area of 1,001 sq. ft.
  • 2 Bedroom Apartments built up areas range from 1,469 - 1,536 sq. ft.

Launch Prices

Prices for studios started from AED 400,000. 1 Bedrooms started from AED 500,000 and 2 Bedrooms from AED 800,000. These were introductory prices and have since been revised upwards. As of September 2015, prices for studios start from AED 520,000. 1 Bedrooms start from AED 600,000 and 2 Bedrooms from AED 870,000.

Payment Plan (as of Oct 2016)

20% Down

10% November 2016

10% April 2017

10% September 2017

10% February 2018

10% July 2018

30% on handover

Positives of Mag 5 Boulevard

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