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

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

Speak to an Expert Now

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)

From the current availability, the studios start from AED 390,550; 1 beds from AED 481,500; 2 beds from from AED 615,250. (Note that there are only a few of the cheaper units left.) These property types will yield a 9-10% rental income upon completion.

- Last updated on March 23, 2017

MAG 5 Boulevard - Dubai South

 Published on Mar 28 2017   7,222 Views   More Videos

 Category: Project Walk Through , Project Introduction

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 for the first phase launched.

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.

Subscribe to Lookup.ae’s Mailing List to receive property news and opportunity alerts.

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): 31.38% (as of Sept 15, 2017)

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

Help us to improve this section