MBL Royal is a new luxury mixed-use tower from MAG Property Development, a division of MAG Group, one of the region’s largest luxury real estate development corporations. Commissioning of the facility is scheduled for the 4th quarter of 2024.
Location:
– MBL Royal is located in Cluster K of the Jumeirah Lakes Towers community, which has 3 artificial lakes. Neighboring areas include Jumeirah Heights, Meadows 2, Dubai Marina and Jumeirah Islands. The complex is located near First Al Khail Street and the main highway of the emirate – Sheikh Zayed Road.
— The JLT area has a well-developed infrastructure: 5 hotels, 3 universities, supermarkets, medical centers, retail outlets and restaurants, as well as parks and jogging tracks. Just a 10-minute walk from MBL Royal are Vanila Bridal Boutique, Tempo Dance Centre, Al Maya-JLT N Supermarket, In N Out Supermarket, Align Pilates DMCC Wellness Center and several restaurants. The large Almas Tower business center is located less than 15 minutes’ walk from MBL Royal.
– The area is approximately 30 minutes drive from Dubai International Airport (DXB). It’s about a 5-minute drive to Sheikh Zayed Road, but will take a little longer during peak hours. Dubai Media City is approximately 10 minutes’ drive away and DIFC is approximately 20 minutes’ drive away. If your destination is Downtown, you will get there in 20 minutes, depending on traffic.
Economic attractiveness:
– The minimum rental price for a 1-bedroom apartment at MBL Royal is AED 60,000 ($16,300) per year. Therefore, the estimated ROI would be 5 %.
— Another advantage of investing in real estate in this residential complex is the possibility of obtaining a 3-year investor visa, which allows the owner to sponsor members of his family.
— Payment plan: 30% during construction and 70% after completion.
In addition, thanks to the above advantages, you will be able to profitably resell this property or make it an object for personal use.
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