Mag 214 Tower
About Mag 214 Tower
(sq. ft.)
Mag 214 Tower is a 40-storey residential complex located in Jumeirah Lakes Towers, Cluster R, Dubai. The building has a height of 164 metres and was completed in 2007. The project was implemented by Mag Property Development. There are a total of 307 residential units that overlook Lake Jumeirah.
Properties include one- to three-bedroom apartments, as well as penthouses and duplexes. Units have a minimum size of 714 sq. ft. and feature fitted kitchens, bathrooms with pre-installed plumbing, balconies, and floor-to-ceiling windows.
The complex provides a variety of amenities and services, including:
- Separate swimming pools for adults and children
- Jacuzzi, steam room, and sauna
- Spa
- Gym with modern equipment
- 24-hour security and video surveillance
- Children’s playground
- Concierge services
- Three levels of underground parking
- High-speed elevators
One-bedroom apartments have a starting price of AED 620,000 (USD 169,000).
*The price is valid for 2021
Property Information
- Location Jumeirah Lake Towers, Dubai, UAE
- Developer MAG
- Status of Project Ready
- Type of Project Residential Building
- Units 1-3BR Apartments
- Area from 714 sq. ft.
- Total Amount of Unit 307
Location
Mag 214 Tower is located in Jumeirah Lakes Towers, a community that has a well-developed infrastructure. Residents have easy access to Al Sarayat Street and Sheikh Zayed Road, which provide direct routes to other parts of the emirate. The nearest bus stop and the Sobha Realty Metro Station can be reached within a five-minute walk of the building. Dubai International Airport is situated within a 30-minute drive.
The complex is located within a 15-minute walk of several popular destinations, including:
- Fork Off, Via Delhi, and Zen Restaurant
- Supermarkets Fine Mar, Almaya, and Carrefour
- Rainbow Valley Nursery and Paddington Nursery
- Emirates International School Meadows and Regent International School
For medical services, residents can go to Armada Medical Center, which can be reached within a 10-minute drive of the apartments.
For leisure activities, residents can go to Jumble Quest Room, which is situated within a 15-minute drive of the complex. Mall of the Emirates, a large shopping and entertainment centre, is also located within a short drive of the residences and is home to boutiques, restaurants, and entertainment venues, such as Ski Dubai, Dubai Aquarium & Underwater Zoo, Vox Cinemas, Magic Planet, and Dreamscape VR.
Return on investment
Mag 214 Tower offers spacious apartments that are suitable for professionals and families with children. The tower is conveniently located near a Metro station and landscaped areas with bodies of water. As a result, properties are in demand among tenants and investors. One-bedroom apartments have a return on investment rate of 7.4%, and two-bedroom apartments have a return rate of 7.6%. Three-bedroom units have a return rate of 5.9%, per annum. One-bedroom apartments have an annual rental rate that starts at AED 56,000 (USD 15,000).
*The price is valid for 2021
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