Overview

Property Description

In Marina Square on Al Reem Island, MAG 5 Residences is a 42-storey residence located on Hazza Bin Zayed The First Street, close to Reem Mall. It was built in 2014 and developed by MAG Lifestyle Development. All apartments at MAG 5 Residences are designed in a modern style with high-quality finishing materials and feature large panoramic windows that offer stunning views of the Arabian Gulf. 202 apartments and luxury penthouses are available in the skyscraper, ranging from 914 sq. ft. to 4,176 sq. ft. The floor areas range from 914 sq. ft. to 4,176 sq. ft. Each apartment and penthouse is equipped with a dressing room, office, laundry room, and staff room. The apartments and penthouses in the MAG 5 Residences complex come with smart home features such as dressing rooms, offices, laundry rooms, and staff rooms. In the first quarter of 2023, apartments will start at AED 1,150,000 (USD 313,000). Penthouses will start at AED 4,200,000 (USD 1,143,000). *Prices are valid for 2021 Because Al Reem Island, where Marina Square is located, is becoming increasingly popular, an investment in MAG 5 Residences is worthwhile. The island offers a wide variety of residential, commercial, and leisure facilities. Several shops, restaurants, recreational facilities, schools, hospitals, and other amenities are within walking distance. MAG 5 Residences apartments and penthouses are perfect for families. If you plan to rent the property out after purchase, you can earn around AED 69,000 (USD 19,000). There is a wide range of ROIs available in MAG 5 Residences. The highest is 11.5% for 4-bedroom apartments, followed by 6.5% for 1 and 2 bedroom apartments, and 5.5% for 3-bedroom apartments.

Location