Overview

Property Description

As part of the prestigious community by Meraas in Umm Suqeim 3, Madinat Jumeirah Living (MJL), Al Jazi was launched in Q2 2022. The new addition consists of four 9-storey buildings and a selection of skillfully appointed apartments in 1-4 bedroom configurations. The living areas range from 734 sq. ft. to 4,128 sq. ft. The Al Jazi complex combines classic Arabic architecture with contemporary interiors, overlooking the magnificent Burj Al Arab. There are several layout options available in Al Jazi apartments, including balconies or terraces, laundry rooms, dressing rooms, maid's rooms with ensuite bathrooms and storage rooms. A 1-bedroom apartment in Al Jazi in MJL starts at AED 1.41M (USD 384K). *Prices valid through 2022 The Al Jazi apartment is located near Jumeirah Street and Jumeirah Beach Road, which allow for easy city commutes. In fact, many sought-after destinations in Dubai can be reached within a maximum of 20 minutes’; these include, Dubai International Airport, Bluewaters Island (home to the Madame Tussauds Museum and Ain Dubai), Jumeirah Beach Residence and many more.. Furthermore, there are a variety of bus stations around Madinat Jumeirah Living, including Wild Wadi 1, Burj Al Arab Hotel 1 and Burj Al Arab Hotel 2. Investing in residential real estate in Dubai for AED 750K (USD 205K) and above will qualify you for a three-year investor visa. Moreover, as per the UAE's latest visa amendments, which are due to take effect in September 2022, a Golden Visa can be obtained by investing in an off-plan property worth at least AED 2M (USD 545K). With this type of residency, its holder can live, work, and study in the UAE without being sponsored by the Emiratis. Due to the fact that MJL is the first freehold residential development in the prestigious Umm Suqeim area, properties in Al Jazi are available to buyers from all over the world. As soon as the complex is completed in Q3 2025, you may use it either as a private residence or rent it out with the help of a property management service, generating stable income every month. According to Property Finder, the average gross return on investment in the MJL community is 7.1%, with a starting rental price of AED 90K (USD 24.5K) per year.

Features & Amenities

Location