This article introduces a miniaturized dual-band multiple input multiple output (MIMO) antenna with wide bandwidth and high isolation. The design incorporates ground plane modifications and utilizes metamaterials to achieve dual-band operation in the millimeter wave spectrum for 5G applications, specifically operating at the 28/38 GHz frequency bands. The proposed antenna maintains its dual-band functionality despite its compact size of 3.8 times 3.7 times 0.787 text {mm}^3 (without the feed line). The antenna is fabricated on a Rogers RT5880 substrate with a thickness of 0.787 mm and with relative permittivity varepsilon _r = 2.2. The MIMO system comprises two symmetric radiating elements positioned in close proximity, resulting in mutual coupling levels of - 20 dB and - 12 dB at 25 GHz and 37 GHz, respectively. Modifications are made to the ground length to enhance the isolation at the higher frequency band while embedding metamaterials effectively reduces the coupling at the lower frequency band. The incorporation of metamaterials leads to an enhanced bandwidth from 3.8 to 4.8 GHz in the desired lower band (24–28.8 GHz) and from 3.8 to 4.2 GHz in the higher band (36.6–40.8 GHz). The proposed system can operate across the 28/38 GHz bands using a compact design, thus offering reasonable isolation, an envelope correlation coefficient below 0.0001, and a significant diversity gain (> 9.99 dB). These attributes emphasize the system’s suitability for 5G millimeter-wave cellular communications.