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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.
Available Units
Apartments
Nearby Landmarks
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.
