MAG MBL Residence  

MAG MBL Residence is a high-end residential tower featuring one, two, and three bedroom apartments in JLT Cluster K, overlooking the lake. There will be retail on the ground floor.

Property Types Available: Apartments
Location: Sheikh Zayed Road
Status: Under Construction
Year Launched: 2017
Developer: Mag Property Development
Title Type: Freehold
Quality Classification: High-end
Height Classification: High-rise
Life Cycle: Under Construction
Special Classification: Residential Building with some retail
Under-Construction Apartments: 472

About MAG MBL Residence

Overview

MAG MBL Tower is a residential development featuring 472 one, two, and three bedroom high-end apartments in JLT cluster K. The apartments are located across 40 floors. This is a development by MAG Property Developments on the last residential plot available in JLT.

Front-facing units will have views of the Lake in JLT.

Prices

1 Bedroom starting from AED 987,000

2 Bedroom starting from AED 1,721,000 

Unit Sizes

BedroomSize Range
One751 sq. ft. - 868 sq. ft.
Two1,333 sq. ft. - 1,378 sq. ft.
Three Bed Pent House2,868 sq. ft. - 2,951 sq. ft.

Payment Plan

PercentageMilestone
5%At the time of booking
45%During Construction Period (28 months)
50%Upon Completion (Q4-2019)

Project Completion Status (as per DLD): 20.28% (as of 26 May 2018)

Dubai Land Classification & Escrow Account Details:

Land Number: 979

Project Number: 1934

Real Estate Developer: Mag Property Development

Trust Account Number: 0205342713702

Account Trustee Name: EMIRATES NBD BANK

RERA Permit No:: 15128

Brokerage Firm: Taktical Realty Group LLC

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