MBL Residence
✓ Resale Available

MBL Residence

From AED 1.56M·Completed Jan 2021·Developer payment plan available Payment
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AED 1.56M
Starting Price
Jan 2021
Handover
Developer payment plan available
Payment Plan
1 BR · Apartments
Type

Project Overview

MBL Residence is a residential apartment complex by developer MAG Property Development, located in Jumeirah Lake Towers. The tower includes four basement levels, a ground floor with an elegant lobby and commercial spaces, a technical floor, 40 residential levels and a roof. The architectural appearance of the building embodies a harmonious combination of modern style with classical elements. The strict but expressive silhouette of the tower is emphasized by panoramic glazing and laconic lines of the facades. MBL Residence offers apartments with 1, 2 and 3 bedrooms. The interiors are distinguished by a thoughtful layout and exquisite finishes using premium materials. The bright colors in the design create an atmosphere of spaciousness and comfort. Residents of the complex have access to a wide range of amenities: a swimming pool, a fitness center with modern equipment, a playground, a cozy barbecue area and a professional concierge service. Security is provided by round-the-clock security and a video surveillance system. The location of the complex is advantageous: it is located within walking distance from the Jumeirah Lakes Towers metro station and the main highway Sheikh Zayed Road. Dubai Marina is just a 5—minute drive away, and The Walk JBR and Palm Jumeirah are about a 10-minute drive away. It takes about 15 minutes to drive to Burj Al Arab, and about 27 minutes by car to Dubai International Airport.

Project Specifications
DeveloperMAG Property Development
LocationJumeirah Lake Towers (JLT)
Unit Types1 BR, Apartments
AreaJumeirah Lake Towers (JLT)
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 65/35 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 7% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 67,314 / year
Cash-on-Cash
1.8%
Levered cashflow AED 15,834
Base-Case IRR
10.3%
5-year hold, levered
Payback Period
16.4 yrs
Gross rent AED 101,400 / year

Comparable Sales Context

Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.

BenchmarkAED / sq ftIndicative TicketContext
MBL Residence launch basis1,733AED 1.56MCurrent launch / asking basis
Jumeirah Lake Towers (JLT) ready-stock comps1,500AED 1.35MIndicative resale benchmark
Jumeirah Lake Towers (JLT) premium peer launches1,850AED 1.67MNew-launch peer set
Trophy alternative proxy2,250AED 2.02MHigher-end anchor for negotiation context

Gallery

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MBL Residence official render 1

MBL Residence official render 1

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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

Flexible Payment

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Amenities & Lifestyle

Accessibility for people with disabilities
Central A/C
Children’s pool
Concierge Service
Conference room
Covered Parking
Coworking zone
Dining outlets (coffee houses & restaurants)
Kids Play Area
Landscaped garden
Lift
Lobby
Lounge
Outdoor Multipurpose Space
Recreational areas
Retail outlets
Security and CCTV
Shared Jacuzzi
Shared Pool
Shared gym & fitness
Sitting Area
Social zone

Location

Jumeirah Lake Towers (JLT)

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Jumeirah Lake Towers (JLT)Jumeirah Lake Towers (JLT)Dubai, UAE

Developer Track Record

01

MBL Residence by MAG Property Development

02

Located in Jumeirah Lake Towers (JLT)

03

Starting from AED 1,559,999

04

Unit mix includes 1 BR, Apartments

05

Expected handover: Jan 2021

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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