MBL Royal Residences (actual price 4,25)
3 BR · Apartment
About the building
40-storey residential building in JLT Cluster K, completed in 2024. Developer — MAG Group. Architect — National Engineering Bureau.
Specifications for MBL Royal per Propsearch and the Dubai Land Department. They describe the whole building, not the individual unit.
Where it is
The pin is placed by project — accurate to the development, not the door.
JLT
Jumeirah Lake Towers: the cluster grid across the highway from Marina — cheaper, calmer, and with a metro station at each end.
- above-average yields
- metro access
- central location at lower cost
What to check: Quality varies sharply between clusters and between towers within a cluster. Visit the specific building, check where it sits relative to the lake and the metro, and pull the service charge history before you commit.
Full district guide →Questions and answers about lot NP1-476364
How much is this 3-bedroom apartment in MBL Royal Residences (actual price 4,25)?
Lot NP1-476364 is priced at AED 3 998 000, about $1 089 000. The listing does not state a size, so no price per square foot is given.
Is there a discount on this lot?
There is no recorded price cut: the lot is in the database at the seller's asking price.
What are prices like in JLT?
The database holds 70 lots in JLT. The area median is AED 1 937 per sq ft. This lot's size is not stated, so its price per sq ft cannot be compared with the area. 23 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
JLT area guide →Is the property ready or still under construction?
The handover date in the listing is Sep 2024, which has already passed. The project passport gives 2024 as the completion year.
Can this lot be bought with a mortgage, and what would the payment be?
UAE banks lend on ready homes, and the listing does not confirm that this property is ready. If it has been handed over, the numbers are: a resident puts down from 20%, here AED 800 000; a loan of AED 3 198 000 over 25 years at 3.75–4.99% a year comes to roughly AED 16 400–18 700 a month. A non-resident puts down from 40% (AED 1 599 000) and pays about AED 12 300–14 000 a month. The bank approves the rate and the amount.
Run your own numbers in the mortgage calculator →What costs come on top of the price?
The main one is the Dubai Land Department registration fee: 4% of the price, AED 159 920 for this lot. With a mortgage the bank charges for processing and valuation, and the mortgage is registered for a separate fee. I will send the full calculation for this lot on request.
Does buying this lot qualify for a UAE residence visa?
On price, yes: the 10-year Golden Visa is granted for property from AED 2 000 000, and this lot is priced at AED 3 998 000. The threshold is measured by the Dubai Land Department valuation, not the contract, and only freehold qualifies.
Golden Visa and residence visas →What is known about MBL Royal Residences (actual price 4,25)?
The building has 40 floors and 330 units. Completion year: 2024. Figures are from the project passport: Propsearch and the Dubai Land Department.
How do I view the property and get the exact address?
Lots in the database are anonymised: the unit number, exact address and owner's details are not published. Send the lot code NP1-476364 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
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