22 — project image
✓ Resale Available

22

From AED 5.05M·Completed Dec 2024·Developer payment plan available Payment
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AED 5.05M
Starting Price
Dec 2024
Handover
Developer payment plan available
Payment Plan
2 BR · Villa
Type

Project Overview

Mag 22 is a project from the developer Mag Group, located in MBR City. It is a collection of exclusive townhouses with 2-3 bedrooms, built according to the best standards and canons of the Mediterranean style. The interiors of the houses are made in calm beige shades, which helps to create an atmosphere of coziness and peace of mind. Spacious rooms and high-quality finishing materials bring unrivaled pleasure and comfort. The windows and balconies of the townhouses offer incredible views of Dubai's panoramas. The complex has many amenities for comfortable living, including swimming pools with recreational facilities, gyms and fitness centers, children's playgrounds and sports fields, golf courses and various retail outlets. In walking distance from Mag 22 there are kindergartens and schools, cafes and restaurants, shopping centers and sports complexes. Business Bay and Meydan One Mall can be reached in 15 minutes and Dubai Mall in 16 minutes.

Project Specifications
DeveloperMAG Property Development
LocationMeydan (Nad Al Sheba 1)
Unit Types2 BR, Villa
AreaMeydan (Nad Al Sheba 1)
Ownershipfreehold
Rental analysisSee scenario below

Illustrative Rental Scenario

Hypothetical completed-property scenario, not a forecast, valuation or financing offer: 6.5% gross rental yield, 6% acquisition-cost allowance, 60/40 debt/equity, 5.5% interest-only debt cost, 4% vacancy, 5% management, 1.2% service charge proxy and 0.4% maintenance. Service charge and maintenance are percentages of the purchase price; vacancy and management are percentages of gross rent. Rental income assumes the property is completed and let. Construction delays, price changes, sale proceeds and loan principal repayment are excluded. Confirm project-specific rents, costs and financing before relying on a scenario. For a live bespoke model, use our financial analysis calculator.

Scenario Cap Rate
4.3%
NOI AED 217,908 / year
Cash-on-Cash
2.2%
Levered cashflow AED 51,258
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 2.32M / annual levered cash flow. Excludes time before letting.

Pricing and Area Research

Starting prices are project indications, not confirmed unit offers. Ask for current availability, a unit-specific price and size, service charges and dated comparable transactions before deciding.

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Gallery

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Astraterra Properties

Official Documents

Download official marketing materials from MAG Property Development.

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Payment Structure

Developer payment plan available

Published payment summary

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Amenities & Lifestyle

Covered Parking
Dining outlets (coffee houses & restaurants)
Kids Play Area
Laundry
Leisure areas
Pets Allowed
Retail outlets
SPA
Security and CCTV
Shared Pool
Shared gym & fitness

Location

Meydan (Nad Al Sheba 1)

Nearby Destinations

Meydan (Nad Al Sheba 1)

Developer and Project Facts

01

22 by MAG Property Development

02

Located in Meydan (Nad Al Sheba 1)

03

Starting from AED 5,050,000

04

Unit mix includes 2 BR, Villa

05

Expected handover: Dec 2024

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

Available for Resale

Ready-to-move units · Direct from owner · Verified by Astraterra

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RERA Registered
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Property Enquiries

Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae

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