Lamaa
About Lamaa
(sq. ft.)
Buy Property in Lamaa
Lamaa, Umm Suqeim
Listing by
Metropolitan Premium Properties
Presented in Q3 2022, Lamaa by Meraas is the sixth phase of the prestigious Madinat Jumeirah Living development by Dubai Holding The complex comprises of 4 buildings in total, which are interconnected with a shared podium, and offers 372 residences for purchase. In particular, these stylish apartments come in 1-4 bedroom configurations and have a total living area ranging from 722 sq. ft to 3,530 sq. ft.
The residences will feature private balconies or terraces, which will overlook the leafy neighbourhood of MJL and the unbeatable Burj Al Arab hotel. At the same time, 3 and 4-bedroom properties will be equipped with a maid’s room for the maximum comfort of residents.
When living in Lamaa at MJL, you will be treated to a wide variety of lifestyle amenities, which are as follows:
- Swimming pools
- Fitness centers
- Daycare centers
- Play areas
- Parks and open spaces
- Central pedestrian walkway
Property Information
- Location Madinat Jumeirah Living, Dubai, UAE
- Developer Meraas
- Status of Project In progress
- Type of Project Residential Building
- Available Units 1-4BR
- Area from 722 sq. ft.
- Payment Plan 50/50
Floor Plans of Lamaa
Apartment
Type:
1 Bedroom
Total Area:
722 sq. ft.
Starting Price:
Ask for Price
Apartment
Type:
2 Bedrooms
Total Area:
1,113 sq. ft.
Starting Price:
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Apartment
Type:
3 Bedrooms
Total Area:
1,841 sq. ft.
Starting Price:
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Apartment
Type:
4 Bedrooms
Total Area:
3,126 sq. ft.
Starting Price:
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Property Prices
The initial sales price of 1 bedroom apartments in complex Lamaa is from AED 1.45M (USD 395K).
*The price is valid for 2022
Payment Plan
Location
Since Lamaa is located within close proximity to Jumeirah Beach Road and Jumeirah Street, its residents will be able to reach an array of popular destinations in Dubai within just 20 minutes. These destinations include Jumeirah Beach Residence, Bluewaters Island and Dubai International Airport, among others. In addition to your own private vehicle, it is possible to freely move around by public transport, thanks to the Wild Wadi 1, Burj Al Arab Hotel 1 and Burj Al Arab Hotel 2 bus stations located nearby.
Another benefit of residing in Lamaa is that it is surrounded by a well-established social infrastructure, with supermarkets, banks, medical institutions, nurseries, and restaurants & cafes. That being said, within a 15-minute walk, occupants of the upcoming residential complex will be able to reach the facilities found below:
- Emirates NBD
- Omar Al Muhairi Grocery
- Aswaaq Mall – Umm Suqeim
- Seven D Medical Center
- Golden Beach Nursery and First Steps Nursery Montessori
- Sugarmash, Attibassi Coffee, Kayto (F&B venues)
To enjoy a fun time out with your family and friends, it is worth visiting the following attractions:
- Burj Al Arab
- Wild Wadi Waterpark
- Umm Suqeim Beach
- Pavilion Marina and Sports Club
As well as all the above, it is worth noting that Lamaa will be adjacent to the previous phases of the community, which are Asayel, Jadeel, Lamtara, Rahaal and Al Jazi.One of the distinctive features of this complex is that it will be connected to the fabulous Madinat Jumeirah Resort by an air-conditioned pedestrian bridge. Madinat Jumeirah Resort is the largest 5-star retreat in Dubai, covering a thumping 40 hectares of well-kept gardens, Venetian waterways and cozy walkways. The destination houses 3 boutique hotels, over 50 F&B establishments, a courtyard of 29 summer houses and a turtle sanctuary.
Lamaa is also a perfect accommodation option for families with children, as there is an abundance of KHDA-rated schools to be found within walking distance. These include Kings’ School Dubai (a British primary school) and Raffles International School Dubai (a BritishFS1 to Year 13 school), among others.
Economic Appeal
The Lamaa residential complex is scheduled for completion in Q4 2025, leaving interested property buyers sufficient time to invest in a property while it is in the initial stages of construction. Also, since the envisioned Madinat Jumeirah Living project is the first freehold community in Umm Suqeim, purchase of real estate in Lamaa is available to all nationalities.
Once Lamaa is ready for handover, you will be able to benefit from a 3-year investor visa via the Taskeen programme. In this case, the minimum qualifying amount is AED 750K (USD 205K) and it is applicable to completed properties only. At the same time, if you plan to invest in an off-plan apartment in Lamaa worth AED 2M (USD 545K), you will have the opportunity to apply for a 10-year Golden Visa, as per the new visa regulations. These visa options will be effective from October 3, 2022.
*The price is valid for 2022
If you are thinking about acquiring an apartment in Lamaa as a commercial investment for a subsequent lease, you will be keen to learn that the gross ROI for 1-bedroom apartments in Madinat Jumeirah Living has reached 5.9%, as of Q3 2022. At the same time, the starting rental price for this type of property is AED 85K (USD 23K). Future landlords should consider our property management services, which will help you to enjoy a passive income being anywhere in the world, without having to do everything yourself.
*The price is valid for 2022
FAQ
Lamaa at Madinat Jumeirah Living is being developed by Meraas, who is a well-known Emirati developer who is also the creator of Central Park at City Walk and Port de La Mer.
Lamaa at Madinat Jumeirah Living offers spacious 1–4 bedroom apartments which will correspond to the needs of single professionals, couples and families with children.
The starting cost of a 1-bedroom residential unit in Lamaa at Madinat Jumeirah Living is AED 1,400,000 (USD 381,000).
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Metropolitan Premium Properties
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