Rahaal - MJ Living (Madinat Jumeirah Living)  

Master Community: MJ Living (Madinat Jumeirah Living)
Developer: Dubai Holding
Title Type: Freehold
Quality Classification: High-end
Height Classification: Low-rise
Life Cycle: Under Construction

Investment Feasibility & Decision Drivers

Snapshot summary for investing in Rahaal

Investment Score

Value for Money
80%
Project Uniqueness
80%
Location & Connectivity
90%
Rental Yield Expectation
70%
Capital Growth Expectation
70%
More information on investment scores

Total Score

Synopsis

Sale Status: Partially sold out. Units available.

Payment Plan: Average payment-plan

Ideal for: End-Users & Investors

Price Range: AED 1,500 PSF - AED 1,900 PSF

Unit Types Available: N/A

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What Our Experts Think

Rahaal at MJ Living is a great opportunity for investors and end-users. The project's location is excellent, being easily accessible via Sheikh Zayed Road and Jumeirah beach Road, as well as being located directly opposite Madinat resorts and souq.

We expect this investment to provide decent rental returns as well as future capital appreciation once ready. The large apartment sizes and being located very close to city centre suit end-users as well.

Prices starting from AED 1,168,000 and down payment required is only 5% of the Purchase Price. (The buyer will also have to pay 4% Dubai Land Department fee + AED 3,000 registration fee at the time of booking.)

Want to live opposite the landmark Burj Al Arab?

Rahaal, MJ Living features one to four bedroom apartments located opposite Madinat Jumeirah resort and souq and Burj Al Arab. Contact for more info.

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About Rahaal

Overview

Rahaal is one of the buildings within MJ Living. This is part of phase 2 in MJ Living which will feature 3 buildings (1-4 bedroom apartments), 1 swimming pool, children's pool, as well as a gym to be shared amongst the three buildings. 

Announced at Cityscape 2018, Dubai's largest real estate convention, MJ Living by Dubai Holdings is an exclusive freehold community located in Jumeirah. The development  consists of one, two, three, and four bedroom apartments overlooking Burj Al Arab and the Arabian Gulf. MJ Living will be connected by an air-conditioned footbridge to the Madinat Jumeirah Resort.

One of the unique selling points of this community is its location. Located in Jumeirah across the road from Burj Al Arab, Madinat Jumeirah, Wild Wadi, five star hotels, and retail outlets, MJ Living is located quite centrally. It is well-connected to the rest of the city, as it is accessible via some of the major roads and highways of Dubai: Umm Sequim Road, Al Soufouh Road, Sheikh Zayed Road, and Jumeirah Road.  

Currently, Dubai Holdings is selling building 4 and 5 in the project. We expect this project to be fairly popular amongst both the expat population as well as the local population in Dubai looking for both investment or as an end-user. The apartments offer decent sizes, compared to other developments in Dubai. 

Rahal is expected to be completed by August 2021.  

Amenities

As per the developer, MJ Living offers residents many amenities within the development. This includes a community centre and retail area, suite of concierge services, gym, swimming pool, parks & open areas, play areas for kids, communal roof terrace with BBQ, jogging and cycling tracks, gated residential clusters, underground residence parking, visitor parking, and a direct air-conditioned bridge connected to Madinat Jumeirah resort.  

Sizes 

BedroomSize Range (Sq. Ft.)
1762 - 1,321
21,247 - 2,472
31,886 - 3253
42,484 - 3,409


Prices

Prices for apartments start from AED 1.16 million (USD $320,000).   

  • 1 Bedroom ranges between AED 1,168,000 to AED 1,546,000 
  • 2 Bedroom ranges between AED 2,048,000 to AED 2,598,000
  • 3 Bedroom ranges between AED 2,778,000 to AED 3,582,000
  • 4 Bedroom ranges between AED 4,888,000 to AED 6,575,000 


Service charges will be AED 16 per sq. ft. annually. 

Payment Plan

Payment plan is investor friendly: 

PercentageMilestone
5%Down Payment
5%2 Months from Purchase
5%7 Months from Purchase
5%12 Months from Purchase
5%17 Months from Purchase
5%22 Months from Purchase
5%25 Months from Purchase
5%28 Months from Purchase
60%On Handover (June 2021)


The buyer will also have to pay 4% Dubai Land Department fee + AED 3,000 registration fee at the time of booking. 

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