Overview

Property Description

A 42-storey tower by MAG Group located in Cluster K of Jumeirah Lake Towers, MBL Royal offers a variety of ultra-comfortable 1-3 bedroom apartments. In addition to branded white goods and high-end fittings, all residences will come with premium fixtures and fittings, which will appeal to prospective real estate investors. In spite of this, the sizes of the apartments available for sale range from 695 sq. ft to 1,992 sq. ft. They all feature private balconies.. MBL Royal's 3-bedroom apartments, in particular, will offer a maid's room with an attached bathroom, which is not available in any of the other types of units. Residents of this upscale supertall development will enjoy the following on-site amenities: As one of the defining features of MBL Royal, the Lounge features grey paint, wooden paneling, black marble, and steel accents, creating a warm, welcoming ambience. Moreover, the lobby area will boast opulent décor with a feature chandelier arrangement, and will be designed with grey paint, wood, and black marble.. A combination of grey and white paint will give the building's Modern Lobby a distinctive futuristic feel. Original art and furniture pieces will be used in the lobby. A 1-bedroom apartment in MBL Royal starts at AED 1,187,000 (USD 323,000). *Prices are valid for 2022 The JLT area is popular with tenants and buyers/investors, so the apartments purchased at MBL Royal can be used as rental properties to generate a high income in the future by taking advantage of the property management service. However, the starting rental price for 1 bedroom apartments in JLT is set at AED 40,000 (USD 11,000), with a gross return of 7.6%, according to Property Finder. 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. As a visa holder, you will also receive family sponsorship and a minimum qualifying amount of AED 750,000 (USD 205,000) for this specific visa.

Location