MAG MBL Royal Residence in Jumeirah Lake Towers

  • Start from AED 1,187,000

Overview

Property ID: Ramos-111
  • Apartments, Residential
  • Property Type
  • 1-3
  • Bedroom
  • 1-4
  • Bathroom
  • 848.18 to 2,308.56
  • Sq Ft

Description

MBL Royal is a new mixed-use luxury tower developed by MAG Property Development, the premium real estate development branch of MAG Group, one of the region’s largest corporate groups. The 42-story building was finished in 2021 and is located in the JLT region, in Cluster K.

MBL Royal offers a limited number of 1, 2, and 3-bedroom luxury apartments ranging in size from 769 to 2,309 square feet. All residences in the MBL Royal building offer balconies from which to enjoy the views of Jumeirah Island and the Lake.

Each apartment has a fully-equipped kitchen, wardrobes, a separate conditioning control system for each room, and fully-fitted bathrooms – at least two bathrooms. An infinity swimming pool for adults, a pool for children, an outdoor jacuzzi and spa, a children’s playground, a huge gymnasium, and barbeque zones are among the building’s premium residential amenities.

1, 2 & 3BR Furnished Apartments in Jumeirah Lake Towers (JLT), Cluster K

MBL Royal is in Cluster K of the Jumeirah Lakes Towers development, which contains three man-made lakes. Jumeirah Heights, Meadows 2, Dubai Marina, and Jumeirah Islands are nearby districts. The facility is close to First Al Khail Street and the emirate’s principal thoroughfare, Sheikh Zayed Road.

The infrastructure in the JLT area is extensively developed, with 5 hotels, 3 universities, supermarkets, medical institutions, retail outlets, and restaurants, as well as parks and running tracks. Vanila Wedding Boutique, Tempo Dance Center, Al Maya supermarket-JLT N, In N Out Supermarket, Align Pilates DMCC health center, and various dining options are all within a 10-minute walk of MBL Royal. Almas Tower’s big business complex is less than a 15-minute walk from MBL Royal.

Due to the favorable position near the DMCC free trade zone and Dubai Marina, fully-furnished apartments at MBL Royal, 80% of which face the lake, will be in high demand among singles, couples, and small families. In addition, the building is one of the few off-plan projects in the JLT area.

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The annual rental price for a 1-bedroom property in MBL Royal is AED 60,000 (USD 16,300). As a result, the anticipated ROI will be 5%. Another benefit of investing in buildings in this residential complex is the possibility of obtaining a three-year investor visa, which allows the holder to sponsor family members.

  • 5 Minutes to The Dubai Mall
  • 15 Minutes to Dubai Marina
  • 20 Minutes to DXB Airport
  • 40 Minutes to DWC Airport

Details

Updated on July 3, 2023 at 7:29 am
  • Property ID: Ramos-111
  • Price: Start from AED 1,187,000
  • Property Size: 848.18 to 2,308.56 Sq Ft
  • Bedroom: 1-3
  • Bathroom: 1-4
  • Property Type: Apartments, Residential
  • Property Status: Off Plan

Additional details

  • Delivery Date: Q4 2024
  • Payment Structure: 10% Initial Deposit, 30% During Construction, 60% on Completion
  • Down Payment: 10%

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Syed Faraaz Hasan
  • Syed Faraaz Hasan