MAG 5 Residences by MAG Group

About the project

MAG 5 Residences is a 42-storey tower developed by MAG Group. 

The complex offers 202 residential units available in six layouts, and includes 1-4 bedroom apartments ranging in size from 1,356 sq. ft to 4,200 sq. ft. 

The residences come with built-in closets, open-plan kitchens and panoramic double-glazed windows offering spectacular views of Khor Al Baghal Bay, Al Reem Island and the Abu Dhabi skyline. Apartments with 2–4 bedrooms are complemented by separate private offices and a maid's room.

All units are equipped with Internet WiMax telecommunication technology and a Smart Home system for temperature, lighting and security control.

Key advantages

The MAG 5 Residences complex provides its occupants with landscaped gardens, an outdoor swimming pool, a sauna, a children's playground, a barbecue area with all the conveniences, a gym, and a covered parking area.

Infrastructure

The following educational institutions are located within a 5–10 minute drive from MAG 5 Residences: Redwood Montessori Nursery — Shams Boutik Reem Island, Hummingbird Nursery, Al Reem Island Playhouse Nursery on Al Reem Island, Repton School — Fry Campus and Nord Anglia International School Abu Dhabi. Reem Hospital and Burjeel Day Surgery Center can also be reached within the same amount of time.

Paragon Bay Mall with a Carrefour Market is just a 5-minute walk from the project. Shams Boutique, Reem Mall and The Galleria Al Maryah Island all offer a large selection of retail stores, supermarkets, pharmacies, cafes, restaurants and entertainment facilities for people of all ages to enjoy. These shopping malls are located within a 10 minute drive from the complex.

Among the recreational areas closest to MAG 5 Residences are Reem Central Park and Al Fay Park. Mangrove National Park is a 15-minute drive away. 

Residents who prefer to use public transport can benefit from Hazza' Bin Zayed St / Marina Square and Khor 'Azeez St / Marina Square bus stops, which are just a 5-minute walk from the complex.

MAG 5 Residences is located in Marina Square on Al Reem Island. The mainland of the emirate can be reached in 10 minutes by car via Hazza' Bin Zayed The First Street and Al Matla'i Street. Abu Dhabi International Airport is a 35-minute drive away.

The main cultural centre of the emirate; the Cultural District on Saadiyat Island, that hosts Louvre Abu Dhabi and Manarat Al Saadiyat, can be reached in just 16 minutes by car. For more entertainment destinations, you can visit Yas Island, which is famous for its theme parks, namely Ferrari World and Warner Bros. World Abu Dhabi. The neighbourhood also houses Yas Links Abu Dhabi Golf Course, Etihad Arena, Yas Marina Circuit, Yas Waterworld Abu Dhabi and much more.

Economic attractiveness

MAG 5 Residences is a ready-to-move-in project offering spacious properties and lots of leisure and sports amenities. The complex is located within walking distance from a shopping mall, a supermarket, a nursery school, and bus stops, making it a comfortable place to live for families with children. Professionals will benefit from quick access to business areas and offices located on Al Reem Island, as well as the mainland of the emirate.

The project offers a good investment opportunity, as Al Reem Island is one of the most desirable areas in terms of rentals. As of Q2 2023, the initial rental price for a one-bedroom apartment at MAG 5 Residences is AED 70K (USD 19K) per year. The return on investment for this type of property is 5.8%. 

When buying real estate in the MAG 5 Residences complex that has a value of more than AED 2M (USD 545K), you can apply for a 10-year Golden Visa. This will enable you to have sponsorship rights and will allow you, your family and domestic staff to move to the Emirates.