MyBayut is back with the featured development of the month and it’s more luxurious and as fabulous as ever. This month we are exploring the newest project by Dubai Holding, Madinat Jumeirah Living (MJL). Located in the heart of Dubai, this new freehold project has a lot to offer for investors in the city. Want to know what’s so special about this new real estate development? Here’s a quick look at what the brand new development by Dubai Holding has to offer!
PROJECT AT A GLANCE
- Location: Jumeirah Street
- Property type: Freehold residential buildings
- Developer: Dubai Holding
- Project Launch: 2019
- Expected Completion Date: 2021-2022
Madinat Jumeirah Living Location
Located on Jumeirah Street, across the famed Burj Al Arab, the luxurious properties in Madinat Jumeirah Living are nestled between Jumeirah and Umm Suqeim. This freehold development can be easily accessed via Sheikh Zayed Road, Jumeirah Road, Al Wasl Road or Umm Suqeim Road. It is minutes away from the city’s major landmarks and offers its residents the opportunity to live in the heart of Dubai. Here are the travel times from this development to the city’s major landmarks:
- Burj Al Arab: 5 minutes
- Dubai Internet City: 8 minutes
- Palm Jumeirah: 12 minutes
- Mall Of The Emirates: 13 minutes
- Dubai International Airport: 25 minutes
5 REASONS TO INVEST IN MADINAT JUMEIRAH LIVING
This luxurious development consists of two comminutes Rahaal and Lamtara, which will feature over 60 freehold residential buildings designed with a fusion of modern, contemporary elements and traditional Arabic architecture which incorporates the iconic Arabian wind towers that were present in the UAE’s traditional homes. The development is also both environment and pedestrian-friendly to ensure a stress-free living experience for its residents.
Along with this, there are many more reasons to consider investing in Madinat Jumeirah Living; here are some of them.
1. LUXURY LIVING
The landscape of this residential development offers residents an unparalleled experience of luxury. The homes here will feature stylish interiors built with high-grade fixtures and fitting and the buildings have exquisitely designed lobby lounges. You will also find spectacular landscaped areas and pathways which compliment the area’s grandeur. The development itself is next to the most impressive hospitality, retail and cultural experience in the city – the Madinat Jumeirah, further cementing its position as a luxury destination.
2. STUNNING VIEWS
Imagine waking up and drawing the curtains to find one of the worlds most iconic landmarks right out your window? Well, that’s exactly what you get if you buy an apartment in Madinat Jumeirah Living. While you enjoy the opulence of your home, the iconic Burj Al Arab can be seen standing proudly against the stunning skyline.
3. TOP-NOTCH AMENITIES
With luxurious properties comes luxurious amenities – and that is exactly what this project offers its investors. Aside from the breath-taking views, residents will benefit from the variety of amenities available to them which include swimming pools, gyms as well as jogging and cycling paths. Residents will also have access to community roof terraces with gardens, leisure decks, parks, BBQ areas and more!
With major road networks such as Sheikh Zayed Road, Jumeirah Road, Al Wasl Road and Umm Suqeim Road being five minutes away from the project, getting to and from the location is a breeze. Its central location offers its residents easy access to Dubai’s prime business and leisure destinations. MJL is also surrounded by strong transport links and is located a stone’s throw away from some leading schools and nurseries, including the Raffles International School which is considered one of the best schools in Jumeirah.
5. URBAN LIFESTYLE
This integrated community will offer its residents a vibrant urban lifestyle. It will boast landscaped areas with shaded walkways, a community centre, retail outlets, a daycare and more, ensuring you have everything needed in one place. A vibrant nightlife, fine dining restaurants, shopping and other entertainment opportunities are also just a short walk away at either the Madinat Jumeirah, which will be connected to MJL by an air-conditioned walkway, or the Burj Al Arab.
If you want to buy an apartment in Madinat Jumeirah Living from the two communities in this luxurious development, the payment plans for the apartments in Rahaal are currently listed on Dubai Holdings website. It is as follows with handover expected in August 2021.
- Purchase Date – 5%
- 2 months – 5%
- 7 months – 5%
- 12 months – 5%
- 17 months – 5%
- 22 months – 5%
- 25 months – 5%
- 28 months – 5%
- 33 months – 60%
About the Developer: Dubai Holding
Dubai Holding is the UAE’s largest global investment holding company that operates and manages a portfolio of businesses across multiple industries which include real estate, retail, hospitality and more. They are responsible for the Burj Al Arab, Madinat Jumeirah and many more of the city’s most iconic real estate developments. Premium real estate developers, Dubai Properties who have spectacular developments like Business Bay and JBR under their name is a part of Dubai Holdings.
There we have it! Everything you need to know about Bayut’s development of the month. Looking for other similar projects and developments to invest in? Stay tuned to MyBayut’s Market Trends section for more of the latest developments in the UAE!
Disclaimer: All image in this article, including the cover belong to Dubai Holdings.