OVERVIEW
MAG MBL Royal Residence in Jumeirah Lake Towers
MBL Royal is a new, mixed-use luxury tower from MAG Property Development, which is the luxury real estate development arm of MAG Group, one of the region’s biggest corporate entities. The 42-storey building is located in the JLT area, in Cluster K, and was completed in 2021.
MBL Royal features a limited collection of 1, 2 and 3-bedroom luxury apartments, with property sizes range from 769 to 2,309 sqft. All residences in the MBL Royal building have balconies, from where residents can enjoy the Jumeirah Island View and the Lake View.
There is a fully-equipped kitchen, wardrobes, a separate cooling control system for each room, as well as fully-fitted bathrooms – at least 2 bathrooms for each apartment. Premium residential amenities within the building comprise an infinity swimming pool for adults, a pool for children, an outdoor jacuzzi and spa, a children’s playground, a large gymnasium, barbecue zones and a massage room.
MBL Royal Residence Located in Jumeirah Lake Towers
MBL Royal is located in Cluster K of the Jumeirah Lakes Towers community, which has 3 artificial lakes. Neighbouring districts include Jumeirah Heights, Meadows 2, Dubai Marina and Jumeirah Islands. The complex is near First Al Khail Street and the main highway of the emirate – Sheikh Zayed Road.
The JLT area has a well developed infrastructure with 5 hotels, 3 universities, supermarkets, medical centers, retail outlets and restaurants, as well as parks and running tracks. Just a 10-minute walk from MBL Royal are the Vanila Wedding Boutique, Tempo Dance Center, Al Maya supermarket-JLT N, In N Out Supermarket, Align Pilates DMCC wellness center and several dining options. The large business center of Almas Tower is located less than a 15-minute walk away from MBL Royal.
Fully-furnished apartments in MBL Royal , 80% of which are facing the lake, will be in high demand among singles, couples and small families due to the advantageous location near the DMCC free trade zone and Dubai Marina. The building is also one of the last off-plan projects in the JLT area.
The minimum rental price for a 1-bedroom unit in MBL Royal constitutes AED 60,000 (USD 16,300) per annum. Therefore, the estimated ROI will be at level of 5%. One more advantage of investing in properties in this residential complex, is the opportunity to obtain a 3-year investor visa, which allows the holder to sponsor their family members.
PROJECT HIGHLIGHTS
Newly launched residential development
Luxury 1, 2 and 3 Bedroom Apartments
Centric location and easy accessibility
Posh areas and leisure facilities
Round the clock security
Premium interiors with exclusive fittings
Attractive and flexible payment plan options
AMENITIES
Designed for a progressive lifestyle, the amenities included will go a long way to elevate your living experience. The facilities made available are some of the best and it will have a positive impact on the overall lifestyle.
Fitness
Centre & Gym
24/7
CCTV
Large
Pools
Furnished
Apartments
SUMMARY
PAYMENT PLAN
The payment plan for MBL Royal residential project has been crafted by MAG PD in a manner to facilitate the interest of discerning buyers and investors.
DOWN PAYMENT
10%
PURCHASE DATE
DURING CONSTRUCTION
50%
TILL HANDOVER
POST HANDOVER
40%
WITHIN 24 MONTHS
2-Years Post Handover Payment Plan
Installment Payment Milestone
Down Payment 10% On Sales Date
1st Installment 10% Within 4 months from sales date
2nd Installment 10% Within 10 months from sales date
3rd Installment 5% Within 16 months from sales date
4th Installment 5% Within 22 months from sales date
5th Installment 20% On Handover
6th Installment 5% 3 Months After Handover
7th Installment 5% 6 Months After Handover
8th Installment 5% 9 Months After Handover
9th Installment 5% 12 Months After Handover
10th Installment 5% 15 Months After Handover
11th Installment 5% 18 Months After Handover
12th Installment 5% 21 Months After Handover
13th Installment 5% 24 Months After Handover
AED
USD
GBP
