MAG 5 Residence (B2 Tower) is a high-rise residential complex by the developer MAG Group, which was built back in 2014. Thanks to its successful location and architectural features, the building has become a symbol of a prestigious life and success. Among other skyscrapers, the tower stands out for its large panoramic windows overlooking the Arabian Gulf.
There are more than 200 apartments of various configurations that are housed across the 42 floors. Some of them already have their owners, and some are available to purchase and to rent. All the rooms within the building are designed in a modern style with high quality materials and finishings, and are equipped with “smart home” technology. The standard layout includes a living room, open kitchen, bedroom, bathroom and a powder room. The spacious layouts include a maid’s quarter, walk-in closets, a study, and a laundry room. Apartment sizes start at 112 sq. m. (1,200 sq. ft) with the maximum living area being occupied by penthouses at a generous 390 sq. m (4,198 sq. ft).
Regardless of the type of unit, all residents are able to use the numerous infrastructure facilities of the complex: 24-hour concierge service, security, high-speed elevators, private allocated parking, a gym, sauna, swimming pool, recreational areas, cafes and restaurants.
The possibility of a comfortable life on the coast is invariably popular among those wishing to purchase residential real estate in this area. Prices of apartments in MAG 5 Residences depend on the size of the living area and the number of bedrooms, but starts from AED 1,200,000 (USD 327,000). For rental properties, the minimum price is AED 75,000 (USD 20,000) per year.
The apartment complex is located on the island of Al Reem and is surrounded by a mixed-use complex of high-rise buildings.
The close proximity to the central highway of Hazza ‘Bin Zayad First St makes it incredibly easy to reach the other large metropolitan areas of Abu Dhabi. All key amenity locations are within walking distance of the development, for example Carrefour, Prime Mart and Zoom supermarkets are all within a 10 minute walk of the complex. Luxury shopping malls like Abu Dhabi Mall and Paragon Bay Mall are within 25 minute drive.
The area definitely meets the needs of residents with its educational infrastructure. The oldest school in the UK, Repton Abu Dhabi, as well as many other educational institutions have been built here.
The island has its own medical center – Perfect Balance Rehabilitation Center, and a little farther away is the well known Cleveland Clinic Abu Dhabi.
For recreation and leisure time there are numerous restaurants and cafes to enjoy. In the center of the island there is an amusement park and not far from the apartments is a popular place for family holidays called Heritage Village.
Al Reem Island is a rapidly developing area and return on investment in real estate is estimated as one of the highest in the UAE at 7%.
In accordance with the concept of Abu Dhabi – 2030, Al Reem Island plans the reconstruction of the highway and the construction of bridges. According to the masterplan the project will create a single transport artery between Al Reem Island, Umm Lafina Island and Abu Dhabi Island. Thus, in the coming years, the island will become even more attractive for permanent residence and leisure.
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