MBL Royal

Location: JLT
Cost of investment: From USD 1 000 000
Suitable for the program: Residence permit
Term of construction: 2021
Lets reside and get residency visa: UAE
Ownership type: Apartments
Minimum tenure to maintain resident status: Whole stay

Object type:

Apartments

MBL Royal is a new, mixed-use luxury tower fr om 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 wh ere 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 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.