Located in Cluster K, Jumeirah Lake Towers, MBL Royal is a 42-storey tower by MAG Group, with an array of ultra-comfortable 1-3 bedroom apartments. Prospective real estate investors will be keen to learn that all residences will come with branded white goods, high-end fittings and premium fixtures. That being said, the size of properties available for sale ranges between 695 sq. ft and 1,992 sq. ft and homeowners will be able to benefit from private balconies in each apartment. It is worth noting that 3-bedroom apartments in particular, will boast a maid’s room with an attached bathroom, which is not available in any of the other types of units in MBL Royal.
The upscale supertall development will boast the following on-site amenities for the utmost convenience of its residents:
One of the defining features of MBL Royal is the Lounge, which is distinguished by grey paint, wooden paneling and accents in black marble and steel, creating a warm welcoming feeling. Meanwhile, the lobby area will boast opulent décor with a feature chandelier arrangement, and will be designed with the use of grey paint, as well as wood and black marble. The building will also have a Modern Lobby, which will boast a distinctive futuristic look, thanks to the use of original art and furniture pieces, and a combination of grey and white paint.
The starting price for a 1-bedroom apartment of 848 sq. ft in MBL Royal amounts to AED 1,187,000 (USD 323,000).
MBL Royal will be located next to First Al Khail St, enabling easy commutes to/from some of the most sought-after addresses in Dubai, such as Dubai Marina, JBR and Jumeirah. Within a radius of a 15-minute walk, residents can also find DMCC Metro Station, JLT Dubai Star Tower, JLT The Dome Tower, and other public transport links. MBL Royal is adjacent to MBR Residence, which is another popular project by MAG Development, and offers an array of completed 1-3 bedroom apartments for sale and to rent.
The upscale residential development is surrounded by an array of gourmet F&B venues, such as Kamat Vegetarian, Gazebo, Mythos Kouzina & Grill, The Park and more. Within a 25-minute walk, it is possible to visit the following facilities which are an essential part of your daily routine:
Travel time to Dubai International Airport will not exceed 25 minutes’, providing there is no traffic.
Real estate in the JLT area is very popular among tenants and buyers/investors. Thus, by taking advantage of the property management service, the apartments purchased at MBL Royal can be used for future rentals to generate a high income. That being said, according to Property Finder, 1-bedroom apartments in JLT generate a gross ROI of 7.6%, while the starting rental price for this type of property is set at AED 40,000 (USD 11,000).
Upon completion of MBL Royal in Q4 2024, you will be able to benefit from a 3-year investor visa, which can be renewed multiple times. The minimum qualifying amount for this specific visa is set at AED 750,000 (USD 205,000) and as a visa holder, you will be provided with a family sponsorship as well.
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