MBL Residence
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.
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.
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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Astraterra Properties
Official Documents
Download official marketing materials from MAG Property Development.
Payment Structure
Published payment summary
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Amenities & Lifestyle
Location
Jumeirah Lake Towers (JLT)
Nearby Destinations
Developer and Project Facts
MBL Residence by MAG Property Development
Located in Jumeirah Lake Towers (JLT)
Starting from AED 1,559,999
Unit mix includes 1 BR, Apartments
Expected handover: Jan 2021
Official brochure and PDF marketing materials available
Official render/gallery images available
Available for Resale
Ready-to-move units · Direct from owner · Verified by Astraterra
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Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae
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