Mag 5 Boulevard  

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 between mid-2018 and Q2-2019, depending on which phase the unit was in.

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

Buyer & Investor Guide for Emaar South - Nov 2018

 Published on Nov 14 2018   69 Views   More Videos

 Source: LOOKUP.AE

 Category: Investment Guide

This presentation will help you understand location, feasibility, projects and recent launch availability. This presentation for Emaar South is updated as of Nov 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 March 2017)

- 10% Down

- 10% April 2017

- 10% July 2017

- 10% December 2017

- 10% April 2018

- 50% On Completion

Project Completion Status (as per DLD): 52.05% (as of 20 May 2018)

Dubai Land Classification & Escrow Account Details:

Land Number: 176

Project Number: 1673

Real Estate Developer: MAG 5 PROPERTY DEVELOPMENT

Trust Account Number: 0205037508002

Account Trustee Name: EMIRATES NBD BANK

RERA Permit No : 15128

Brokerage Firm: Taktical Realty Group LLC

Positives of Mag 5 Boulevard

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