MJL

Next-level living by the sea

Madinat Jumeirah Living — is one of the most prestigious neighbourhoods in Dubai and is an excellent area for families with children. It is easily distinguishable by its modern buildings that were designed in a traditional Arabian style of architecture. Not only does a beautiful, green walking path run through the entire area, but beaches, an embankment and the Madinat Jumeirah community, also known as the “Venice of Dubai”, are also nearby.

from AED 1.6MApartments (USD 460,000)

from AED 11MPenthouses (USD 3M)

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Advantages of living and investing in MJL

The developer of the area is Meraas, whose landmark projects become brands. The neighbourhood is in its final stages of development and already has well-developed infrastructure. Some of the company’s projects that are built and ready for occupancy include Rahaal, Lamtara, Lamaa, Jomana, Jadeel, Asayel and Al Jazi.

Modern feel

The MJL community is made up of 4-16 floor buildings that primarily consist of apartments and penthouses. Residents have access to all the essential community infrastructure, and the homes themselves are equipped with ‘smart’ technology and offer stunning views of the sea and palm Jumeirah.. There is a clear balance between city life and nature here in Madinat Jumeirah Living. The renowned Madinat Jumeirah entertainment district is within walking distance, as well the MODO Digital Theatre, which transports visitors into other realms with their VR shows.

Comfort and safety

The community infrastructure includes children’s playgrounds, sports facilities, pools, gyms, and a sandy beach just a 5-minute walk away. Every building has a concierge, secure entrance, and video surveillance, making this neighbourhood one of the safest and quietest in the emirate.

The “Venice of Dubai”

Thanks to the neighbourhood’s picturesque canals, it is often compared to the famous city of Venice. There are many incredible experiences to be made here, such as staying in one of the exquisite hotels, dining at a gourmet restaurant, or taking a ride on a regular or traditional Arabian boat and seeing the sights from another perspective.

Prestigious location

Madinat Jumeirah Quarter is located near the residential part of the neighbourhood. It is known for the historic Madinat Jumeirah Souk market, boutiques, popular 5-star hotels such as Mina Al Salem, Al Qasr and Al Naseem, and top-rated restaurants that line the canals of the “Venice of Dubai”.

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Yuliya Berezhna

Community Expert

One of the Largest and Most Reliable Real Estate Agencies in the UAE

Metropolitan Group is a prime example of success in the competitive international real estate market. With a track record spanning over 15 years, the company has not only expanded its range of services but has also established itself as a trusted partner for large-scale investment projects.

In addition to buying and selling real estate, Metropolitan Group offers comprehensive support and guidance on various aspects such as legal assistance, property management, mortgage consulting and visa acquisition, among other services.

Our dedication and expertise have been acknowledged through numerous prestigious awards. We have been honoured as one of the top brokers in the UAE, working closely with renowned developers including Emaar Properties, Dubai Properties, Meraas Holding, DAMAC Properties, and Aldar Properties. These valuable partnerships grant us exclusive access to the finest properties, giving our clients a distinct advantage in securing their dream homes or investment opportunities.

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Resident visa for the purchase of real estate in Dubai

AED 750,000

2-year resident visa (USD 204,000)

AED 2,000,000

Golden visa (USD 545,000)

One of the most advantageous reasons to invest in real estate in Dubai is gaining eligibility to receive a resident visa.

If the value of the property is AED 750,000 (USD 204,000) or more, the owner will become eligible for a 2-year resident visa. The owner will qualify for a 10-year Golden visa if the purchase amount of their investment meets or exceeds AED 2,000,000 (USD 545,000).

Buying a ready-made property also allows the owner to apply for a Golden visa.

Sponsoring resident visas on behalf of family members, including spouses and children regardless of age

Receiving a driver’s licence and open a local bank account

Enrolling children in public and private educational institutions

Using public utilities and telecommunication services, such as getting a local phone number

Those who hold a Golden visa receive even more privileges, including:

Having the right to reside in the Emirates for 10 years, with the option of spending an unlimited amount of time outside the country

Being able to remain in the UAE until their visa expires even if the primary Golden visa holder has passed away

Sponsoring an unlimited number of resident visas on behalf of domestic staff

Economic attractiveness

Due to its proximity to hotels, sights and attractions, the area is also quite popular with tourists. Therefore, properties here can easily be rented out for both long- and short-term stays. As the MJL community is almost entirely built, there is a huge range of property types available that are fully ready for occupancy. This also means that the neighbourhood is rather quiet and peaceful and doesn’t have the constant buzz and nuisance of construction going on. Depending on the exact property type and location, the ROI averages between 6 and 7% per year.

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More than 100 exclusive project direcly from developer

ROI from 6-7%

Real estate in Madinat Jumeirah Living is in high demand among families with children, thanks to the well-developed, family-friendly infrastructure. English-speaking kindergartens and schools, theme parks, gardens and other child-oriented activities can be found in and around the neighbourhood.

AED 1,600,000

Apartments (USD 460,000)

AED 11,000,000

Penthouses (USD 3,000,000)

Mortgage financing — a convenient way to purchase real estate in the UAE

You now have the opportunity to own property without having to pay the full amount right away.

The UAE has established a mortgage financing system with flexible terms and conditions for interested customers. Banks, financial institutions and service providers can assume a significant portion of the purchase cost of the property on behalf of the buyer, who will then repay it over a long period of time.

There are two types of mortgage options available to finance your future property investment:

Variable rate mortgage

The interest rate for this type of mortgage will vary depending on the EIBOR*

Fixed rate mortgage

This option provides the lender with a fixed payment rate from the beginning to the end of the loan term. The amount of the monthly instalments (EMI) will remain constant throughout the duration of the loan, making it easy to plan and pay back.

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*EIBOR — The Emirates Interbank Offered Rate is the benchmark interest rate for lending between banks within the UAE. The Central Bank of the UAE publishes the reference rate that UAE banks use to issue loans every working day.

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