MAG 5 Residences
About MAG 5 Residences
(sq. ft.)
MAG 5 Residences is a 42-storey complex in Marina Square on Al Reem Island. It is located on Hazza ‘ Bin Zayed The First Street and close to Reem Mall. The residence was built in 2014 and the developer was MAG Lifestyle Development.
A feature of MAG 5 Residences is the large panoramic windows that offer beautiful views of the area and the Arabian Gulf. All apartments in the complex are designed in a modern style with high-quality finishing materials.
There are 202 apartments in the skyscraper – 1-4 bedroom apartments and luxury 4-bedroom penthouses. The floor areas range from 914 sq. ft. to 4,176 sq. ft. The standard layout of the residences includes bedrooms, a living room, kitchen, toilet room, balcony and bathrooms. All residences are also equipped with smart home features. Some of the apartments and penthouses in the MAG 5 Residences complex have a dressing room, office, laundry room and staff room.
Residents of the skyscraper have access to a fitness room and swimming pool. There is also a children’s playground and a barbecue area in the complex, where parties can be organised. Other services and facilities are also available, such as:
- covered parking;
- high-speed lifts;
- 24-hour security;
- landscaped gardens;
- concierge service.
Prices at MAG 5 Residences
Apartments start from AED 1,150,000 (USD 313,000) in the first quarter of 2023. Penthouses start from AED 4,200,000 (USD 1,143,000).
*The price is valid for 2021
Property Information
- Location Al Reem Island, Abu Dhabi, UAE
- Developer MAG
- Status of Project Completed
- Type of Project Residential Tower
- Units 1-4BR Apartments, 4BR Penthouses
- Area from 914 sq. ft.
- Total Amout of Units 202
Why Invest in MAG 5 Residences
An investment in MAG 5 Residences is worthwhile because of the increasing popularity of Al Reem Island, where Marina Square is located. It offers a variety of residential, commercial and leisure facilities. In addition, there are various shops, restaurants, recreational facilities, schools, hospitals and other amenities within walking distance.
MAG 5 Residences apartments and penthouses are suitable for family living. If you plan to rent the property out after purchase, you can earn around AED 69,000 (USD 19,000) per year.
The ROI in MAG 5 Residences varies from 5.5% to 11.5%, depending on the type of property chosen. The highest rate is 11.5% for 4-bedroom apartments. Second place is taken by 1 and 2 bedroom apartments with an ROI of 6.5%. In third place are 3-bedroom apartments with 5.5%.
*The price is valid for 2021
Shops and Supermarkets
A 5-minute walk will take you to Zoom, Carrefour and City Corner Grocery Baqala. Broadway Baqala Grocery can be reached in 5 minutes by car or taxi, and Al Adil Trading is a 10-minute drive away. Menswear and womenswear boutiques, tyre shops, a perfumery and pet shop are all within a similar distance.
The nearest major shopping centre, Paragon Bay, is a 5-minute walk away. Abu Dhabi Mall and Reem Mall are approximately 5 minutes by car and The Galleria Al Maryah Island is a 10-minute drive away.
Hospitals, Nurseries, Schools
Perfect Balance Rehabilitation Centre is a 5-minute walk away. The Cleveland Clinic, Reem Hospital, Burjeel Hospital, Medeor 24×7 Hospital and Burjeel Day Surgery Center are all 10 minutes away by car or taxi.
Playhouse Nursery is a 5-10 minute walk from the skyscraper. Repton School and Al Mamoura are both about a 10-minute drive away.
Location
The nearest bus stop is Khor ʹAzeez St/Marina Square, which is a 10-minute walk from MAG 5 Residences. Buses 63, 71 and 73 stop here. Sheikh Zayed Bin Sultan Street Expressway is a 5-minute drive away, connecting all parts of Abu Dhabi.
The nearest attraction, Al Fay Park Family Park, is a 10-minute drive or taxi ride away. The airport is about a 35-minute drive away.
Similar Projects
Metropolitan Premium Properties
-
[email protected]
-
+971 4 428 6151
-
36th-38th Floor, Al Salam Tecom Tower,
Internet City, Dubai, UAE
Get A Free Consultation
Ready for your new home?Popular Searches in the UAE
Our newsletter
Sign up for our weekly newsletter for market updates!