Overview

Property Description

Presented in Q3 2022, Lamaa by Meraas is the sixth phase of the prestigious Madinat Jumeirah Living development by Dubai Holding. The complex consists of four buildings interconnected by a shared podium, and offers 372 residences. These apartments are available with 1-4 bedrooms and a total living space ranging from 722 square feet to 3,530 square feet. Each residence will have a private balcony or terrace that overlooks the leafy MJL neighbourhood and the unbeatable Burj Al Arab hotel. Lamaa's 1 bedroom apartments start at AED 1.45M (USD 395K). *Prices are valid for 2022 In Q4 2025, the Lamaa residential complex is scheduled to be completed, giving property buyers plenty of time to purchase a property while it is being constructed. The envisioned Madinat Jumeirah Living project is the first freehold community in Umm Suqeim, so all nationalities can purchase property in Lamaa. The Taskeen programme allows you to benefit from a three-year investor visa once Lamaa is ready for handover. The minimum qualifying amount is AED 750K (USD 205K), and it only applies to completed properties. According to the new visa regulations, if you plan to purchase a Lamaa off-plan apartment worth AED 2M (USD 545K), you will also be eligible to apply for a 10-year Golden Visa. As of October 3, 2022, these visa options will be in effect. If you are thinking about acquiring an apartment in Lamaa as a commercial investment for a subsequent lease, you will be interested to know that the gross ROI for 1-bedroom apartments in Madinat Jumeirah Living has reached 5.9% as of Q3 2022. As well, this type of property has a rental price starting at AED 85K (USD 23K).. Renters should consider our property management services, which will allow them to earn passive income from anywhere in the world, without having to manage everything themselves.

Features & Amenities

Location