Al Jazi At MJL

Al Jazi is a newly launched residential project with premium apartments in one of Dubai's most vibrant neighbourhoods called Madinat Jumeirah Living (MJL). Properties in the complex include 1, 2, 3 and 4-bedroom residences with classic architecture, and is surrounded by greenery. Landscaped podiums will connect all the apartment complexes together in Al Jazi, which means that residents from each building can make the most of all the amenities this new phase has to offer. All units with meticulously designed interiors and superior finishing will have private terraces and spacious bedrooms. The layout of 3 & 4BR apartments and several 2-bedroom residences also include a maid’s room. The total number of residences in the Al Jazi complex constitutes 378, and living areas range from 727 to 4,128 sqft. The developer of the residential project is Meraas Properties, which has an extensive portfolio of luxurious waterfront projects, as well as family-friendly communities. The Al Jazi sub-community is located near Jumeirah Street and Umm Suqeim Street, and neighbouring districts include Al Sufouh 1 and Umm Al Sheif. Travel time to both international airports of the emirate of Dubai will take about a 40-minute drive. Residents of Al Jazi will also enjoy easy accessibility to Souk Madinat Jumeirah via an air-conditioned pedestrian bridge, as well as Umm Suqeim Beach, Wild Wadi Waterpark and Mina A Salam Madinat Jumeirah retail mall. The Al Jazi community provides residents a quiet and serene living environment surrounded by lush greenery. The modern apartments with different layouts in the complex are suited both for young professionals and families with children. The starting rental cost for a 1-bedroom apartment in MJL constitutes AED 94,000 per year. Therefore, the estimated ROI will be at level 6–7%. By purchasing a property in the Al Jazi complex, investors will be eligible to apply for a UAE Golden Visa, with benefits that include a long residency in the country, as well as 100% business ownership by foreigners on the UAE’s mainland.