MBL Royal is located in K Cluster the wonderful and scenic area of Jumeirah Lakes Towers. The apartments of MBL Royal will be having mesmerizing interior and exterior features luxurious ultra-comfortable suites. These apartments will be available with branded white goods, High end fittings & fixtures. Be part of MBL Royal waterfront residence that offers you spacious floor plans with different choices.
• Fully-equipped gymnasium
• Adult and family swimming pool
• 247/ security
• Concierge service
• Children’s play area
• Barbecue area
• Steam room
Interiors & Units:
One of the defining features of MBL Royal is the Lounge area, which is decorated using grey hues, wood panelling and accents of black marble and steel, creating a sense of warm hospitality. Meanwhile, the lobby also boasts sophisticated décor with a decorative chandelier, decorated in natural wood and black marble, and will have a futuristic look through the use of striking artwork and furniture and a mix of grey and white tones.
10% – Down Payment
30% – During Construction
60% – December 2024
MBL Royal will be located next to First Al Khail St, enabling easy commutes to/from some of the most sought-after addresses in Dubai, such as Dubai Marina, JBR and Jumeirah. Within a radius of a 15-minute walk, residents can also find DMCC Metro Station, JLT Dubai Star Tower, JLT The Dome Tower, and other public transport links. MBL Royal is adjacent to MBR Residence, which is another popular project by MAG Development, and offers an array of completed 1-3 bedroom apartments for sale and to rent.
The upscale residential development is surrounded by an array of gourmet F&B venues, such as Kamat Vegetarian, Gazebo, Mythos Kouzina & Grill, The Park and more. Within a 25-minute walk, it is possible to visit the following facilities which are an essential part of your daily routine:
Dubai Islamic Bank ATM
Body & Mind Relaxation Center
Kids Kingdom Nurseries in JLT
Travel time to Dubai International Airport will not exceed 25 minutes’, providing there is no traffic.
• 5 minutes away from Dubai Marina
• 7 minutes away from Jumeirah Beach Residence
• 15 minutes away from Downtown Dubai
• 20 minutes away from Dubai Creek
• 20 minutes away from Dubai International Airport
• 20 minutes away from Al Maktoum International Airport
• 40 minutes away from Abu Dhabi International Airport
Real estate in the JLT area is very popular among tenants and buyers/investors. Thus, by taking advantage of the property management service, the apartments purchased at MBL Royal can be used for future rentals to generate a high income. That being said, according to Property Finder, 1-bedroom apartments in JLT generate a gross ROI of 7.6%, while the starting rental price for this type of property is set at AED 40,000 (USD 11,000).
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. The minimum qualifying amount for this specific visa is set at AED 750,000 (USD 205,000) and as a visa holder, you will be provided with a family sponsorship as well.