MAG 540 is a low-rise residential building in MAG 5 Boulevard, Dubai South. A project of Mag Property Development, MAG 540 is one of the thirteen towers in the massive residential development. The 6-storey building offers studios as well as 1-bedroom, 2-bedroom and 3-bedroom apartments.
Residents of MAG 540 can enjoy a wide range of community facilities like landscaped gardens, swimming pools, retail areas, gymnasiums, jogging tracks and bbq areas.
Dubai South is one of the fastest-growing areas in the emirate. It is home to Al Maktoum International Airport, deemed to be the world's largest airport when completed. Dubai South is of great significance as it will host the Expo 2020.
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Residents need not worry about parking in MAG 540. The building has sufficient covered parking to accommodate vehicles.
There are high-speed elevators in MAG 540.
The building has 24-hour security with trained personnel and CCTV monitoring. It also has efficient maintenance services.
Residents can use the shared swimming pool and gym in MAG 540.
Residents can use the jogging tracks surrounded by lush green gardens. BBQ facility is also present in the complex where families and friends can spend some quality time. Mag 5 Boulevard also has restaurants, kids club and a retail area for the comfort of residents.
24-hour concierge services are available in the building to welcome guests and visitors.
MAG 540 is pet-friendly.
Apartment types in MAG 540 include studio, 1-bedroom, 2-bedroom and 3-bedroom units.
Studio apartments have covered areas ranging from 475 sq. ft. to 507 sq. ft. Studio apartments have one bathroom, an attached kitchen and a balcony in addition to the living area. Residents of studio apartments also get one dedicated spot in the parking area.
1-bedroom apartments have covered areas ranging from 478 sq. ft. to 730 sq. ft. These apartments have one bedroom, one bathroom, a living area, a kitchen and a balcony.
2-bedroom apartments have covered areas ranging from 950 sq. ft. to964 sq. ft. The apartments include two bedrooms, two bathrooms, a living area, a kitchen and a balcony.
Based on searches conducted by users on PropertyDigger.com over the past 12 months
The most popular apartment types in MAG 540 are the 2-bedroom apartments. Studios and 1-bedroom apartments are on the second and third spot, respectively.
Renting an apartment in MAG 540 is quite affordable. The rental trends in the building are given below:
Those interested in apartments for rent in Dubai South can also consider other buildings.
Buying apartments in MAG 540 is a good investment. The pricing details are given below:
The sales prices of apartments vary as per the covered areas, views from the balcony and the furnishings in the apartment. There are plenty of other Dubai South apartments for sale that interested investors can consider.
Based on searches conducted by users on PropertyDigger.com over the past 12 months
Studio apartments in MAG 540 yield a return of 7.1% of the investment annually. 2-bedroom apartments provide a 5.6% return on investment per annum.
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| General Fund | Price Per Sq. Ft. in AED |
|---|---|
| General FundServicesGeneral upkeep of the building | Price Per Sq. Ft. in AED4.23 |
| General FundMaintenanceGeneral repairs and replacements | Price Per Sq. Ft. in AED3.16 |
| General FundUtilities ServicesCharges for using DEWA/district cooling facilities and meters | Price Per Sq. Ft. in AED2.67 |
| General FundManagement ServicesOwner's association charges for managing the property | Price Per Sq. Ft. in AED0.72 |
| General FundInsuranceCharge for the insurance of the building | Price Per Sq. Ft. in AED0.09 |
| General FundReserved FundFunds used for major repairs and to help maintain the yearly service charges fees | Price Per Sq. Ft. in AED0.46 |
| General FundTotal | Price Per Sq. Ft. in AED11.33 |
These figures are based on the services charges for MAG 540* as per the Dubai Land Department. Residents have to pay different service charges in Dubai. You can read the service charges guide if you are interested in buying property.
*These charges are subject to change.
MAG 540 is located close to Emirates Road and Jebel Ali ' Lehbab Road. Residents with private vehicles can easily travel to all other areas of the city. It will take about 30 minutes to get to central areas like Dubai Marina and Palm Jumeirah. Areas like Jumeirah Village Circle, Dubai Sports City and Al Barsha South are less than a 20-minute drive away.
Taxis are a popular mode of public transportation near MAG 540. Online cab services like Dubai Taxi, Careem and Uber can also be used.
Those who rely on RTA buses can find F46, F47 and F48. The nearest bus stop is the Dubai Pearl Gypsum Industries bus stop at a 19-minute drive.
Dubai South will have a metro line that's being developed for the Expo 2020 event. Until then, residents can use the UAE Exchange Metro Station that is located at a 30-minute drive.
Those in search of restaurants near MAG 540 can visit the following eateries in Dubai South and the neighbouring area of Dubai Investment Park:
Since the community is developing rapidly, there will be a large number of new restaurants in the area soon. Residents can also check out restaurants in Arabian Ranches, Dubai Sports City and Dubai Studio City after driving for about 15 minutes.
Supermarkets near MAG 540 include:
These supermarkets are more than 10 minutes away from the building. Residents can also find a supermarket in the Mag 5 Boulevard retail area.
All these residential buildings are part of the MAG 5 Boulevard and offer a wide variety of apartments for rent and sale.
Major landmarks near MAG 540 include:
Al Maktoum International Airport is currently under development. The airport will be the world's largest airport when opened. It is about 20 minutes away from the building.
Dubai Parks and Resorts is a collection of multiple theme parks. At present, four of these parks have been opened while others are under construction. Dubai Park and Resorts is about 30 minutes away from MAG 540.
The building is located in Dubai South, which is a rapidly developing community. The building has a good set of facilities and a fairly good amount of amenities can also be found nearby. Presently, the only downside is that public transportation options are limited.
