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MAG 550, Dubai SouthReady

MAG 550, Dubai South

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HIGHLIGHTS

About MAG 550

MAG 550 is a 6-storey building in Dubai South area. The parent community is ranked as the top destination for buying villas/townhouses and apartments. MAG 550 is a part of MAG 5 Boulevard, an affordable housing project by the MAG Group. It serves as an ideal destination for those seeking a contemporary lifestyle.

MAG 5 Boulevard features 528 apartments in 13 mid-rise buildings. There are 6 floors in each building and the apartment types include studio, 1, 2 and 3-bedroom units. Among these 13 mid-rise buildings, there is MAG 550 with elegantly designed landscaping.

This freehold project was handed over in 2019. MAG 550 is a part of a self-sustaining community with its own amenities such as restaurants, swimming pool, retail space, landscaped gardens and a kid’s club.

In a Nutshell

  • Type of building: Residential
  • Location: Dubai South
  • Developer: MAG Group
  • Date of completion: 2019
  • Number of floors: 6
  • Unit type: studio, 1, 2 and 3-bedroom apartments
  • Type of ownership: Freehold
  • Amenities: Gymnasium, swimming pool and kid’s play area
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BUILDING DETAILS

Facilities in MAG 550

Parking

Each unit gets dedicated covered parking in MAG 550. There is no visitor parking within the building premises. Visitors can use the paid street parking spaces.

Elevators

There are various service elevators in MAG 550 providing fast access to all floors.

Security, Central Air-Conditioning and Maintenance Services 

The building has 24-hour security, CCTV monitoring and maintenance staff. Depending on their tenancy contract, some tenants will have district cooling/chiller charges covered while others have to pay them separately. The district cooling supplier for MAG 550 is South Energy.

For property owners, South Energy chiller charges are included in the yearly service charges.

Gym and Fitness Facilities 

Residents can work out at the state-of-the-art gym in MAG 550. You can also find swimming pools, jogging and cycling tracks.

Lifestyle Amenities

Among lifestyle amenities, there are playgrounds to keep the little ones engaged. There are several restaurants and elegant retail spaces within the community. Residents can enjoy morning and evening strolls or go jogging. There are internal courtyards for socialising as well.

Concierge and Guest Services 

The 24-hour help desk and concierge services at the reception lobby are available for assistance.

Pet-friendly

Residents of MAG 550 can keep pets.

MAG 550 Floor Plans

Bayut has worked on creating a simple format for 2D and 3D floor plans on the website. You can easily find the unit type and bed type you’re interested in by browsing MAG 550 floor plans.

MAG 550 Floor plans

Information for floorplans is currently not available on MAG 550.

Apartment Types MAG 550

MAG 5 Boulevard is almost 7 km away from the Expo 2020 site. There are seven residential buildings having six floors each. Dubai South flats for rent are extremely affordable. Similarly, Dubai South apartments for sale are a smart choice for investment. A flexible payment plan is also available.

MAG 550 by MAG Property Development features studio, 1, 2 and 3-bedroom apartments with many luxurious amenities.

Studio Apartments in MAG 550

Studio apartments in MAG 550 cover an area of almost 475 sq. ft. These are ready-to-move-in units with one bathroom, an open plan kitchen, a living/dining area and a balcony. Large, double-glazed windows allow sufficient sunlight into the apartment.

1-Bedroom Apartments in MAG 550

1-bedroom apartments in MAG 550 have covered areas of 660 sq. ft. These units have one ensuite bedroom, a spacious living/dining area, a kitchen and a balcony. The huge floor-to-ceiling windows light up the apartment.

2-Bedroom Apartments in MAG 550

2-bedroom apartments in MAG 550 cover an area of 700 sq. ft. Each unit comes with two master bedrooms, an ensuite bathroom, a huge balcony and an open kitchen. Depending on your unit type, extra features include a storeroom, a laundry room or a walk-in closet.

Studio
1-Bed
2-Bed
0%20%40%60%80%100%
Based on searches conducted by users in Bayut.com over the last 12 months. Last updated 4 hours ago

According to Bayut, 1-bed apartments in MAG 550 enjoy the highest popularity. They are followed by 2-bedroom flats in the second spot. Studio apartments take up the third position on the list.

Rental Trends in MAG 550

Apartment TypeAverage Rental Price in AED
Studio38,000
1-Bed52,000
2-Bed69,000
Based on property listings on Bayut.com over the last 12 months. Last updated 4 hours ago
Cozy & Modern 1BDR Apartment
1 Bed ● 1 Bath ● 667 sqftAED5,000MonthlyMAG 550, MAG 5 Boulevard, Dubai South, Dubai, UAEApartments
1 BR | Garden View | Emirates Road Side | Fully Furnished
1 Bed ● 1 Bath ● 665 sqftAED5,500MonthlyMAG 550, MAG 5 Boulevard, Dubai South, Dubai, UAEApartments
Modern 2BR | Very Accessible | Community View
2 Beds ● 2 Baths ● 965.2 sqftAED70,000YearlyMAG 550, MAG 5 Boulevard, Dubai South, Dubai, UAEApartments
AMAZING BRAND NEW 2 BEDROOM UNIT NEXT TO HEALTH CLUB
2 Beds ● 2 Baths ● 965.2 sqftAED70,000YearlyMAG 550, MAG 5 Boulevard, Dubai South, Dubai, UAEApartments
HIGHLY MAINTAINED 2 BEDROOM  FURNISHED APARTMENT AT VERY AFFORDABLE PRICE
2 Beds ● 2 Baths ● 965.2 sqftAED70,000YearlyMAG 550, MAG 5 Boulevard, Dubai South, Dubai, UAEApartments
12 CHEQUES | 14 MONTHS CONTRACT | FULLY FURNISHED
Studio ● 1 Bath ● 473.4 sqftAED44,999YearlyMAG 550, MAG 5 Boulevard, Dubai South, Dubai, UAEApartments
HOT OFFER |SPACIOUS FULLY FURNISHED | BIGGEST LAYOUT
1 Bed ● 1 Bath ● 665.86 sqftAED53,000YearlyMAG 550, MAG 5 Boulevard, Dubai South, Dubai, UAEApartments
Fully Furnished | Community View | Biggest layout
1 Bed ● 1 Bath ● 666 sqftAED55,000YearlyMAG 550, MAG 5 Boulevard, Dubai South, Dubai, UAEApartments
Fully Furnished | Community View | Available 31st May
1 Bed ● 1 Bath ● 635.29 sqftAED55,000YearlyMAG 550, MAG 5 Boulevard, Dubai South, Dubai, UAEApartments
Bright Unit | Spacious | Multiple Cheque Option
1 Bed ● 1 Bath ● 638 sqftAED54,000YearlyMAG 550, MAG 5 Boulevard, Dubai South, Dubai, UAEApartments
SPACIOUS ** FULLY FURNISHED _ 1BEDROOM WITH BALCONY ^^ WITH FREE POOL, GYM AND PARKING
1 Bed ● 1 Bath ● 670 sqftAED53,000YearlyMAG 550, MAG 5 Boulevard, Dubai South, Dubai, UAEApartments
FULLY FURNISHED *** 1BHK WITH BALCONY ** FREE POOL GYM AND PARKING ** GATED FAMILY COMMUNITY
1 Bed ● 1 Bath ● 670 sqftAED53,000YearlyMAG 550, MAG 5 Boulevard, Dubai South, Dubai, UAEApartments
FULLY FURNISHED  ||  1BHK WITH BALCONY  ||  FREE POOL GYM AND PARKING  ||  GATED FAMILY COMMUNITY
1 Bed ● 1 Bath ● 670 sqftAED53,000YearlyMAG 550, MAG 5 Boulevard, Dubai South, Dubai, UAEApartments
infoLook for listings with the TruCheck™ badge as those have been validated by the Bayut team.

Sales Trends in MAG 550

Apartment TypeAverage Sales Price in AED
Studio385,000
1-Bed587,000
2-Bed948,000
Based on property listings on Bayut.com over the last 12 months. Last updated 4 hours ago
Spacious Layout | Vacant | Bright and Modern
1 Bed ● 1 Bath ● 666 sqftAED650,000MAG 550, MAG 5 Boulevard, Dubai South, Dubai, UAEApartments
Executive Furnished|Nice Community|Distress Deal
1 Bed ● 1 Bath ● 665.86 sqftAED650,000MAG 550, MAG 5 Boulevard, Dubai South, Dubai, UAEApartments
Family Friendly - Elegant & Modern Spacious Layout
2 Beds ● 2 Baths ● 964.23 sqftAED955,000MAG 550, MAG 5 Boulevard, Dubai South, Dubai, UAEApartments
Hot Deal! - Elegant & Modern Spacious Layout
2 Beds ● 2 Baths ● 963.48 sqftAED945,000MAG 550, MAG 5 Boulevard, Dubai South, Dubai, UAEApartments
infoLook for listings with the TruCheck™ badge as those have been validated by the Bayut team.

Rental Yield in MAG 550

1-Bed
2-Bed
0%4%8%12%16%20%
Based on searches conducted by users in Bayut.com over the last 12 months. Last updated 4 hours ago

1-bed apartments offer the highest ROI in MAG 550 of 8.29%. 2-bedroom flats generate about 7.40% return on investment.

Service Charges in MAG 550

GENERAL FUNDPRICE PER SQ. FT. IN AED
Services
info
General upkeep of the building
3.11
Maintenance
info
General repairs and replacements
2.68
Improvement
info
Charge for the improvement or replacement of services or facilities provided
0.17
Utilities Services
info
Charges for using DEWA/district cooling facilities and meters
6.21
Management Services
info
Owner’s association charges for managing the property
0.81
Insurance
info
Charge for the insurance of the building
0.14
Master Community
info
Fees for communal facilities in the neighbourhood
0.30
Income
info
A credit or debit charge
-0.08
Reserved Fund
info
Funds used for major repairs and to help maintain the yearly service charges fees
0.10
Total 13.44

These figures are based on the services charges for MAG 550* as per the Dubai Land Department. There are many different types of Dubai service charges index. Read up on the service charges guide if you are interested in buying a property in Dubai.

*These charges are subject to change.

Dubai Transactions
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NEARBY AMENITIES

Transportation near MAG 550

Currently, the options for public transportation near MAG 550, Dubai South are limited. Residents can use online cab booking services such as Careem and Uber for a fast commute. Those who drive can easily access Emirates Road, Expo Road and Jebel Ali – Lehbab Road to travel to other areas.

Bus Stations near MAG 550

Bus stations near MAG 550 are located in Dubai Investment Park at a driving distance of 26 to 29 minutes. These include Fastner World International 2, Fastner World International 1, Dip, Ulma 1, Dip, Ulma 2, Dubai Pearl Gypsum Industries 2, DIP, AMB Building 1 and Corro Tech Staff Accommodation 2.

Metro Stations near MAG 550

Metro stations are more than 30 minutes away from the building. Some of the nearest options are Danube, Energy, Ibn Battuta and Nakheel Harbour & Tower. The recently inaugurated Route 2020 would make things easier for residents who rely on the Dubai Metro.

Restaurants near MAG 550

MAG 550 is a part of a developing community. It is expected to have a variety of restaurants in close proximity. Currently, restaurants near MAG 550, Dubai South include:

  • Pulcinella Restaurant
  • Certo Italian Restaurant
  • Abd El Wahab

Pulcinella is a family-run restaurant in Canal Residence West, Dubai Sports City serving Italian, Mediterranean cuisine as well as pizza and seafood. Certo Italian restaurant is located in Radisson Blu Hotel. It is known for serving pizza and Italian dishes. These restaurants are located within a 20-minute driving distance.

Restaurants such as Abd El Wahab, Wokyo Noodles, Kababji Grill, The Talk Restaurant and Vapiano are located within a 23 to 25-minute drive from MAG 550 by MAG Property Development.

Supermarkets near MAG 550

For grocery shopping, residents can head towards Dubai Marina and other areas. Supermarkets near MAG 550 include:

  • Al Maya Supermarket Marina Branch
  • Waitrose
  • Spring Green Park Supermarket
  • Allday Fresh Supermarket

All these best supermarkets in Dubai can be reached within 20 minutes by car. As the community further develops, residents will have grocery stores and supermarkets in Dubai South to cater to their daily shopping needs.

Schools and Nurseries Near MAG 550

The Wonder Years Nursery, Creakids Nursery and Cherry Tree Nursery can be found within a 20-minute drive away from the building.

South View School Dubai and The Royal Grammar School Guildford Dubai follow the British curriculum. Both schools can be found within a 21-minute drive away from MAG 550.

Victory Heights Primary School also follows the British curriculum and it is a 23-minute drive away from the tower.

Nearby Buildings

There are multiple residential towers near MAG 550.

MAG 520, Casa Fred and MAG 515 can be found within walking distance from the building,

Major Landmarks

Finally, major landmarks near MAG 550 include:

  • Emaar South Golf Course
  • Expo 2020 Site
  • Dubai Parks & Resorts

The new 18-hole golf course in the Golf District of Dubai South will be the second UAE golf course designed for Emaar Properties. It is located at a 21-minute drive.

Expo 2020 Dubai is the first World Expo that took place in South Asia (MEASA), Middle East, and the African region. The theme of Expo 2020 included Opportunity, Mobility and Sustainability. The site is a 27-minute drive by car.

Dubai Parks and Resorts is the ultimate leisure destination. It features three different types of theme parks such as Motion Gate, Legoland & Legoland Waterworld and Bollywood Parks. It is located at a 35-minute drive by car.

Things to Consider

MAG 550 is a part of MAG 5 Boulevard and is located in Dubai South. The community offers a vibrant lifestyle in Dubai South, as Al Maktoum International Airport is close to the building. One thing to consider is that the area is in the developing phase and therefore, most amenities are a bit far. Residents will have to travel long distances to visit restaurants and supermarkets.

FAQs

DOES MAG 550 HAVE PARKING?

Yes, Mag 550 offer covered parking space.

WHAT ARE THE APARTMENT TYPES IN MAG 550?

You can find studio, 1, 2 and 3-bedroom apartments in MAG 550.

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