MAG 5 Residences by MAG Group
PROJECT HAS 42 FLOORS DIVIDED INTO 202 SPACIOUS APARTMENTS OF 6 DIFFERENT TYPES CONSISTING OF 1-5 BEDROOM APARTMENTS.
ABOUT MAG 5 RESIDENCES
About MAG 5 Residences
MAG 5 Residences is a 42-storey tower with 202 residential units, housing spacious 1 to 5 bedroom apartments, where buyers can choose from 6 different property layouts ranging from 1,356 sq.ft to 2,983 sq.ft. MAG Group is the developer of this specific project and according to the general construction plan, all apartments will feature panoramic windows with double glazing, spacious wardrobes and open-plan kitchens. Apartments with 2, 3 and 4 bedrooms will all be equipped with a private office and a maid's room. For better control of temperature parameters, lighting and security systems, all rooms are equipped with Internet WiMax telecommunication technology and a "Smart House" system. Residents of MAG 5 Residences tower will have a superb view of Khor Al Baghal Bay, Al Reem Island and Abu Dhabi.
The design of the building itself is based on an extensive use of glass, steel and natural marble, where clear lines represent the tranquility of the sea and the sky. Residents are offered a barbecue area with all the necessary equipment, a sauna and an on-site equipped gym.
The design of the building itself is based on an extensive use of glass, steel and natural marble, where clear lines represent the tranquility of the sea and the sky. Residents are offered a barbecue area with all the necessary equipment, a sauna and an on-site equipped gym.
Starting from AED 1,208,000
Property price
The MAG 5 Residence complex, located in Marina Square, has already been commissioned and offers a range of properties ready to move in, available to both purchase and rent.
The selling price of 1-bedroom apartments starts from AED 1,208,000 (about USD 330,000).
Rental prices here usually start around AED 75,000 (USD 20,500) per year for a 1-bedroom apartment.
The selling price of 1-bedroom apartments starts from AED 1,208,000 (about USD 330,000).
Rental prices here usually start around AED 75,000 (USD 20,500) per year for a 1-bedroom apartment.
Location and accessibility
MAG 5 Residences is part of the multifunctional complex of Marina Square on Al Reem Island in Abu Dhabi, which consists of 13 buildings to house approximately 8,500 people and 1 commercial building. Al Reem Island connects with the mainland of the emirate through two bridges; the first is via the city of Abu Dhabi (Hazza 'Bin Zayed The First Street), and the second is through the island of Al Maryah Island (Al Matlaʹi Street highway). Abu Dhabi city center can be reached in just 10 minutes’ by car, and the travel time to/from Abu Dhabi International Airport (AUH) takes approximately 35 minutes.
MAG 5 Residences has access to the well developed infrastructure of Al Reem Island and the complex is surrounded by 2 bus stops called Khor 'Azeez St and Hazzaʹ Bin Zayed St (63, 71). Carrefour Market, ZOOM supermarket and Carrefour Market Paragon Bay, Bshawarma Middle Eastern restaurant and First Clique Marina Square Café & Restaurant are all within a 5-minute walk.
The Shams Boutique shopping mall or The Galleria Al Maryah Island offers a wide variety of branded boutiques and has a wide selection of cafes and restaurants with plenty of entertainment spots as well. In addition, there are also public pharmacies and currency exchange offices closeby. Both shopping centers can be reached in 10 minutes’ by car. Reem Hospital and Burjeel Day Surgery Center can be reached within the same distance.
Children can study at prestigious kindergartens such as Mosaic Nursery, Hummingbird Nursery and Playhouse Nursery. There is also the world-renowned Repton School and the Nord Anglia School which are located 5—10 minutes’ by car or 20 minutes’ by public transport from the MAG 5 Residences.
In addition to the many shops and restaurants, residents of MAG 5 Residences can visit some of the famous landmarks of the capital, which is always an attractive feature for both permanent residents and tourists who want to reside here.
Within a 10 minutes drive, you can visit the following places of interest:
MAG 5 Residences has access to the well developed infrastructure of Al Reem Island and the complex is surrounded by 2 bus stops called Khor 'Azeez St and Hazzaʹ Bin Zayed St (63, 71). Carrefour Market, ZOOM supermarket and Carrefour Market Paragon Bay, Bshawarma Middle Eastern restaurant and First Clique Marina Square Café & Restaurant are all within a 5-minute walk.
The Shams Boutique shopping mall or The Galleria Al Maryah Island offers a wide variety of branded boutiques and has a wide selection of cafes and restaurants with plenty of entertainment spots as well. In addition, there are also public pharmacies and currency exchange offices closeby. Both shopping centers can be reached in 10 minutes’ by car. Reem Hospital and Burjeel Day Surgery Center can be reached within the same distance.
Children can study at prestigious kindergartens such as Mosaic Nursery, Hummingbird Nursery and Playhouse Nursery. There is also the world-renowned Repton School and the Nord Anglia School which are located 5—10 minutes’ by car or 20 minutes’ by public transport from the MAG 5 Residences.
In addition to the many shops and restaurants, residents of MAG 5 Residences can visit some of the famous landmarks of the capital, which is always an attractive feature for both permanent residents and tourists who want to reside here.
Within a 10 minutes drive, you can visit the following places of interest:
- Reem Central Park — here houses a cafe, fountains, 4 multisport courts, a skate park, playgrounds, scenic paths overlooking the sea and beautiful mangroves.
- Al Fay Park is a place for outdoor recreation at any time of the year, which is located in the city center.
- Wildlife lovers have access to the Mangrove National Park, which is a beautiful mangrove reserve, and home to rare birds and marine animals.
Gallery
Investment attractiveness
The promising area of Al Reem Island attracts investors from all over the world. The demand for MAG 5 Residences is determined by the following factors:
- Freehold ownership with a full range of powers for the owner.
- Availability of all the necessary conditions for obtaining an investor visa.
- Average ROI of 7.5% — this figure is considered high for similar projects not only within the UAE but also in other countries.
- The opportunity to obtain a mortgage from leading banks in the UAE.
- Well-developed infrastructure inside Al Reem Island and easy access to key destinations and attractions within Abu Dhabi.
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