Madinat Jumeirah Living
Top Projects in Madinat Jumeirah Living
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Developer: Meraas
Starting Price: 1.5 Million AED
Developer: Dubai Properties
Madinat Jumeirah Living
Madinat Jumeirah Living, also known as MJL, is in Jumeirah District. Dubai Holdings, a very reputable developer in Dubai’s real estate market, developed it. The development is one of the most sought-after projects by Dubai Holdings, with stunning views of Burj Al Arab, an icon in its sense, the Arabian Gulf, Jumeirah Beach, and the Palm Jumeirah. The development is well located near other notable tourist attractions and business centers.Â
Madinat Jumeirah Living is a distinctive collection of freehold residences. It is an eco-friendly and pedestrian-centric development that also offers luxury, extravagance, and a vibrant landscape. To be more pedestrian-friendly, entry to cars is limited, and some zones are no-car-entry zones. The development is also a very popular option among the residents and families looking for a luxury villa or an apartment for their living. The development also offers all the necessary luxury amenities, such as:
- 24/7 security.
- Private Parking Spaces.
- Gym.
- High-end finishing.
- Valet Parking.
- Swimming Pool.
- Children’s Play Area.
Madinat Jumeirah Living is popular among families and investors as it offers a family-friendly environment and high ROIs. Due to its proximity and easy access to other significant locations of the city, it only requires:
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- 10-minute drive to Palm Jumeirah.
- 10-minute drive to Dubai Marina.
- 15-minute drive to Downtown Dubai.
- 15-minute drive to Business Bay.
- 25-minute drive to DXB Airport.
- 35-minute drive to DWC Airport.
Other Localities in Dubai
Dubai Maritime City
Palm Jumeirah
Dubai studio city
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FAQ
Most frequent questions and answers
What is the property market trend in UAE?
The UAE’s real estate sector contributes around 5.5% of the GDP of the country, and it has been on the rise since 2022 as both rental rates and home prices have increased. Dubai’s transaction volume reached its highest level for the first quarter ever observed in the area in the first quarter of 2022.
What are the main types of investment properties in Dubai?
In Dubai, investors can choose between villas, apartments, townhouses, penthouses, duplexes, and plots and lands.
What are the main areas for foreigners to buy property in UAE?
In Dubai, there are specific zones where foreigners can purchase real estate. These locations, such as the Palm Jumeirah, Downtown Dubai, Dubai Marina, Arabian Ranches, and Jumeirah Beach Residence, are decided upon by the Ruler of the Emirate of Dubai.
Can I live in Dubai if I buy a property?
Real estate purchases in Dubai may result in the buyer receiving a residence permit. The property must be finished at the time of purchase and worth at least AED 1 million to qualify for the UAE investor visa program. Dependents may also be sponsored by real estate purchase residence visa holders.
What is the future of real estate in the UAE?
The real estate industry in the UAE is anticipated to increase by 2.97% between 2023 and 2028, reaching a market volume of US$0.80 trillion by that year. The important characteristic that makes the UAE a desirable location for real estate investment is what is driving this expansion.
How to invest in UAE real estate?
Here are some tips to invest in UAE real estate:
- Know About Different Property Types and Their Worth
- Research the Market Status and Risks
- Property Investment in Dubai
- Don’t Sacrifice Location
- Choose Areas with High Rents and Demand
- Spend Time in the Area
- Luxury Property Buyers Should Have Financial Resources
- Investing in Residential Properties Offers Shortcuts for Legal Residency
- Seek Expert Advice When Investing in Dubai Real Estate
Can foreigners invest in real estate in Dubai?
Yes, foreigners are permitted to purchase real estate in the UAE. There are, however, certain geographical limitations. Citizens of the UAE or the Gulf Cooperation Council (GCC) may buy real estate anywhere in Dubai.
Is there a property tax in Dubai?
There is no taxation on owning properties in Dubai.
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