MAG 5 Boulevard — project image
✓ Resale Available

MAG 5 Boulevard

From AED 629,000·Completed Jun 2019·Developer payment plan available Payment
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AED 629,000
Starting Price
Jun 2019
Handover
Developer payment plan available
Payment Plan
Studio · Apartments
Type

Project Overview

MAG 5 Boulevard is a modern residential complex offering stylish apartments in the dynamically developing Dubai South area. The complex consists of 13 six-storey buildings. The exterior of the MAG 5 Boulevard buildings is characterized by a laconic modern design in neutral shades, which fits seamlessly into the urban landscape of Dubai South. Studios and apartments with one, two and three bedrooms are available in MAG 5 Boulevard, which allows you to meet the needs of different families. The decoration includes high-quality materials that create a feeling of coziness and modern comfort. Spacious living rooms, ergonomic kitchens and comfortable bedrooms form an ideal living space. The main amenities of the complex include a large central park, a swimming pool, children's playgrounds, sports fields, a fitness center and shopping areas on the ground floors of the buildings. The complex also has 24-hour security and parking. MAG 5 Boulevard is conveniently located close to key Dubai South facilities and locations. Dubai Mall can be reached in about 50 minutes, Palm Jumeirah Island is 46 minutes away by car, and the Burj Al Arab Hotel is 47 minutes away by car.

Project Specifications
DeveloperMAG Property Development
LocationDubai South
Unit TypesStudio, Apartments
AreaDubai South
OwnershipFreehold
Rental analysisSee scenario below

Illustrative Rental Scenario

Hypothetical completed-property scenario, not a forecast, valuation or financing offer: 6.5% gross rental yield, 6% acquisition-cost allowance, 60/40 debt/equity, 5.5% interest-only debt cost, 4% vacancy, 5% management, 1.2% service charge proxy and 0.4% maintenance. Service charge and maintenance are percentages of the purchase price; vacancy and management are percentages of gross rent. Rental income assumes the property is completed and let. Construction delays, price changes, sale proceeds and loan principal repayment are excluded. Confirm project-specific rents, costs and financing before relying on a scenario. For a live bespoke model, use our financial analysis calculator.

Scenario Cap Rate
4.3%
NOI AED 27,141 / year
Cash-on-Cash
2.2%
Levered cashflow AED 6,384
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 289,340 / annual levered cash flow. Excludes time before letting.

Pricing and Area Research

Starting prices are project indications, not confirmed unit offers. Ask for current availability, a unit-specific price and size, service charges and dated comparable transactions before deciding.

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Gallery

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Astraterra Properties

Official Documents

Download official marketing materials from MAG Property Development.

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Payment Structure

Developer payment plan available

Published payment summary

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Amenities & Lifestyle

BBQ
Central A/C
Children’s pool
Community Lawn
Dining outlets (coffee houses & restaurants)
Jogging tracks
Landscape Open Areas
Landscaped park
Leisure areas
Lift
Lobby
Multipurpose Sports Courts
Open Kids Play Area
Park Access
Parking
Pets Allowed
Pool Deck
Recreational areas
Resting Areas
Retail outlets
Security and CCTV
Shared Pool
Shared gym & fitness
Sitting Area
Social zone
Vegetable Garden
Walking paths

Location

Dubai South

Nearby Destinations

Dubai South

Developer and Project Facts

01

MAG 5 Boulevard by MAG Property Development

02

Located in Dubai South

03

Starting from AED 629,000

04

Unit mix includes Studio, Apartments

05

Expected handover: Jun 2019

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

Available for Resale

Ready-to-move units · Direct from owner · Verified by Astraterra

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RERA Registered
Qualified Buyer Flow
Property Enquiries

Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae

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