Overview

Property Description

An upscale residential complex in Madinat Jumeirah Living (MJL), Umm Suqeim, Jadeel was completed by the privately held master developer Meraas in Q1 2022. Featuring three 11-storey towers, the development consists of two phases and offers 1-4 bedroom apartments ranging in size from 743 square feet to 3,447 square feet. For a distinctive look, the newly released development skillfully combines exterior classic Arabesque architecture with interiors designed in a chic modern style.. Located between meandering wadis and oases, Jadeel boasts a stunning view of the famous Burj Al Arab 7-star hotel, a long-time favourite of VIPs and celebrities. This development offers a wide range of floor plans with private terraces and/or balconies, ranging in size from 91 square feet to 1,071 square feet. Almost all 2-bedroom properties have a maid's room with an attached bathroom, as do 3 and 4-bedroom properties. Living areas include thoughtfully crafted living and dining spaces, and each apartment includes a laundry room for the convenience of homeowners. In Jadeel, a 1-bedroom apartment of 743 sq. ft costs at least AED 1,490,000 (USD 406,000). It is worth taking a look at Lamtara, which is also part of Madinat Jumeirah Living. Lamtara offers ready-to-move 1-4 bedroom residences at the same price as Jadeel. *Prices are valid for 2022 In Umm Suqeim, where Jadeel is located, Madinat Jumeirah Living is the first freehold community. However, once you purchase a property in Jadeel, you can sell, lease, or mortgage it without restriction, outside of local planning and environmental laws.. It is worth noting that leasing an apartment in this development is a perfect option for generating income, as MJL's starting rental price for a 1-bedroom apartment is AED 90,000 (USD 24,500) per annum, as of Q1 2022. This community is expected to generate an ROI of 7-8% for these properties. Upon completion of Jadeel, you will be eligible for a 3-year investor visa, which requires a minimum investment of AED 750,000 (USD 205,000). Among other perks, the visa includes family sponsorship, allowing you to relocate your children and spouse to the UAE. You can renew the visa multiple times if the property is 100% completed.

Features & Amenities

Location