MBL ROYAL by MAG Property Development in Jumeirah Lake Towers, Dubai, UAE: property for sale from the developer

Residence complex MBL Royal in Dubai

The new residential complex MBL Royal currently being built by the major developer MAG will be located in Jumeirah Lake Towers (JLT), one of Dubai’s most prestigious communities. The complex is a 42-storey tower in an urban style sitting on a five-level podium.

There will be a large designer lobby on the ground floor decorated with variously tinted marble, ornamental lamps, golden hardware, and exquisite furniture.

The lobby will include a concierge desk, a recreation area, and access to high-speed passenger elevators with golden-colour doors.

Owners and tenants of MBL Royal residences will have access to a wide range of on-premises amenities, such as:

a large outdoor family pool;
a jacuzzi;
a wellness club and a gym;
a sauna and a hammam;
a children’s playground;
a barbecue area;
covered vehicle parking.

Security staff will be on duty 24/7 to ensure order and safety.

The new building comprises 330 residences, each with stylishly designed interiors and floor plans meticulously crafted with residents’ comfort in mind. Wood, stone, textile, chamois leather, and other premium materials will be used for the interiors, combining shades of grey, beige, and white. Colourful décor elements, textiles and custom-made furniture will provide vivid accents.

MBL Royal in Jumeirah Lake Towers, Dubai, the UAE

The new complex is situated on the shore of the man-made Almas West Lake, in the bustling waterfront JLT community. The building will have direct access to the waterfront promenade by the lake. The DMCC community that was multiple times recognised as the Free Economic Zone of the year by Financial Times is located nearby.

DMCC is a modern free economic zone with world-class innovative facilities, amenities, and services. 23,000 companies from various sectors are registered here, and over 100,000 people live in local residential buildings.

DMCC offers relaxed legal and economic conditions for private businesses and comfortable office spaces for work.

This community has perfect conditions for living, doing business, working, relaxing, and playing sports. Residents of properties in MBL Royal will have access to a wide range of restaurants and retail outlets. The free public JBR Beach and the famous waterfront promenade stretching along the harbour with yachts in Dubai Marina is a 10-minute drive away.

The new project will boast great transport accessibility, with a metro station nearby. Buses and water taxes are also available.

The extensive road network makes it possible to drive a private vehicle with comfort. A drive to Downtown takes 25 minutes, while popular locations such as Dubai Marina, Palm Jumeirah Island, and Internet City are only 5-10 minutes away by car.

Property for sale in MBL Royal

The prices of one-bedroom apartments for sale in MBL Royal start at AED 1.3 million (USD 354,000). You can view other listed properties in the catalogue on our website or contact our agents to select the most suitable option for living or investment.

The new building is located in a free economic zone, which means that both UAE citizens and foreigners may have full ownership rights on real estate in MBL Royal. An additional bonus for overseas buyers is the eligibility for a UAE residence visa upon purchasing a local residence and paying for it out of pocket.

Off-plan properties in MBL Royal

Lifestyle

Comfortable flats in MBL Royal are great for an eventful life in a major business district of the city, with perfect conditions for working and running a business. On a lighter note, the new building is conveniently located moments away from snow-white sea beaches.

JLT is a well-developed community with numerous opportunities for active leisure and recreation. Restaurants, bars, cafés, retail outlets, and high-end hotels are within walking distance of the new project. Residents will be able to exercise at the community’s sports hub with a fitness club, a basketball court, and a soccer field. Various community events and festivals are held here throughout the year, which makes for an exciting experience.

Advantages

One of the greatest advantages of the new development is the convenient location in a district with extensive facilities and great transport accessibility. The building rubs shoulders with the DMCC business community and is therefore perfect for employees and owners of foreign companies. All this makes the complex considerably more attractive for tenants and potential buyers. Other advantages include the following:

interiors elegantly decorated with high-quality materials;
beautiful views of the lake and the bustling neighbourhood from the windows;
leisure and sports amenities on the premises;
convenient access to the lake’s waterfront;
quick access to the seacoast.

Apartments and penthouses in MBL Royal

The residential complex comprises:

196 one-bedroom apartments;
64 two-bedroom residences;
68 three-bedroom homes;
wo penthouses.

The floor area of properties for sale in MBL Royal ranges from 79 to 215 square metres. Please contact our professional team for detailed features of penthouses for sale in MBL Royal.

Apartments will include the following spaces:

one to three bedrooms;
a well-lit living room with a dining area;
a semi-open kitchen with a bar counter;
a guest bathroom;
a balcony.

Every bedroom features an en-suite bathroom and a spacious cabinet. The master bedroom is adjacent to a walk-in wardrobe in some floor plans. Two-bedroom apartments will additionally feature a storeroom, and three-bedroom apartments, a maid’s room and a separate laundry room.

Construction completion

While the residential complex is under construction, off-plan properties in MBL Royal are available at a bargain price. The developer even offers a discount. The project is scheduled for completion in December 2024, whereupon the value of local residences will increase.

Properties in MBL Royal for investment

Now is the right time for buying investment property in MBL Royal as the developer offers a bargain price and a convenient instalment plan, according to which 10% of the property value is paid in instalments at the construction stage, and 40%, upon completion.

As soon as the building is commissioned, the homeowner can lease out their apartment and receive a steady income. As the complex is located in a promising business district near the sea, local properties are guaranteed to be in a high demand among tenants.

The rent on a one-bedroom apartment in JLT starts from AED 55,000 (USD 15,000). Such properties generate from 4.3% to 7.6% per year.

Developer MAG Property Development

26All objects of the developer

1978Founded in

MAG Lifestyle Development that has worked in the UAE real estate sector since 2003 is in charge of building the new complex. This is the development division of MAG Group which was established in 1978 and is a major player in the industry, retail, real estate, hospitality, and machine-building markets.

The construction company is now putting a lot of effort into developing the Dubai’s real estate market. Its portfolio includes residential complexes with variously priced properties, from affordable to premium. In Dubai, MAG Lifestyle Development has authored MAG City Parks (a contemporary townhouse complex), the MAG Eye apartment block, and other projects.

MBL ROYAL