6.4 / 10
Proceed with caution
Proceed with caution.
Jumeirah Lake Towers
Asking ~AED 1,885/sq.ft · Nearby median AED 1,848/sq.ft
MBL Residence
Launch price AED 1.42M*
*Prices, availability, and purchase conditions may change frequently. Contact SKID on WhatsApp for the latest verified unit availability and pricing.
Developer
MAG Property Development
Key information
- Delivery date
- Completed (Jun 2022)
- Location
- Dubai, Jumeirah Lake Towers, MBL Residence
- Payment plan
- 100% on transfer
- Property types
- Apartment
- Government fee
- 4%
- Ownership type
- Freehold
- Starting price / sq.ft
- AED 1,885 / sq.ft
- Unit sizes
- From 751 sq.ft
- SKID score
- 6.4 / 10 (Proceed with caution)
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Payment plan
100%
Payable on transfer
Completed property · Full purchase price plus 4% DLD fee upon title-deed transfer
Project timeline
Project announcement
MAG Property Development official release
Booking & registration
Completed
Construction phase
Completed
Expected completion
Jun 2022
About the project
Proceed with caution.
Several evidenced factors are weak.
Completed residential tower by MAG Property Development in Jumeirah Lake Towers (JLT Cluster K), Dubai. Verified in Dubai Land Department (DLD) transaction records with ready 1 and 2 bedroom apartments.
SKID tracks 7 competing off-plan launches in Jumeirah Lake Towers. While phased handovers and district demand may absorb new inventory, a concentrated pipeline increases potential competition for tenants and resale buyers.
Units
from developer1 BR
751 – 752 sq.ft · AED 1,885 / sq.ft
From AED 1.42M
2 BR
1,337 sq.ft · AED 1,869 / sq.ft
From AED 2.5M
Price comparison & DLD history
Asking price matches nearby completed homes within 2.0% (+AED 37/sq.ft.)
Published catalog price is AED 1,415,490 (~AED 1,885/sq.ft. for a published 751 sq.ft. starting unit), while comparable residential homes in Jumeirah Lake Towers sold for a median of AED 1,848/sq.ft. (AED 1,388,033 for the same size).
AED 1,885 / sq.ft.
AED 1,415,490 starting price · 751 sq.ft.
AED 1,848 / sq.ft.
~AED 1,388,033 for the same size
+AED 37 / sq.ft. (+2.0%)
+AED 27,457 on a typical unit
What this means for you: The asking rate is broadly aligned with recent nearby completed homes in Jumeirah Lake Towers, avoiding an upfront pricing premium over prevailing market transactions.
What price should I offer?
Separating resale asking price, verified DLD closed comparable sales, model fair value, and evidence-supported secondary offer range for this completed property.
AED 1.42M
AED 1,885 / sq.ft. · 751 sq.ft.
Calculated from the published starting 1 BR unit (AED 1,415,490 ÷ 751 sq ft = AED 1,885/sqft). Larger units in the project range up to 1,337 sq ft (up to AED 1,749,988) — enter your specific unit's brochure price and sq ft if evaluating a larger layout.
AED 2,689 / sq.ft.
Actual closed sales in this area
AED 1.58M
AED 2,101 / sq.ft.
AED 1.36M – AED 1.4M
Target: AED 1.4M (at ask)
View full 10-factor score breakdown & recent DLD sales
SKID intelligence
How does this project compare across all 10 factors?
- Gross yield
- 5.2%
- Fair value
- +2.0% in line with market
Last evaluated: 2026-10-24
6-Axis Hexagon Profile · 10 Validated Factors
MBL Residence: Overall SKID score 6.4 out of 10. Location (30% canonical weight): 7.1 out of 10. Price (17.5% canonical weight): 6.0 out of 10. Developer (20% canonical weight): 6.2 out of 10. Payment (10% canonical weight): Not enough evidence. Rental (7.5% canonical weight): 6.4 out of 10. Growth (15% canonical weight): 5.7 out of 10
| Axis (Weight) | MBL Residence |
|---|---|
Location(30%) | 7.1/10 |
Price(17.5%) | 6.0/10partial |
Developer(20%) | 6.2/10 |
Payment(10%) | Not enough evidence |
Rental(7.5%) | 6.4/10 |
Growth(15%) | 5.7/10 |
View constituent 10-factor weights & scoresLocation (30%)Hide
Community depth, transaction absorption, and competing off-plan supply.
Strong
—
Watch
- • Waterfront or beach positioning
- • Launch is +2.0% above median DLD sale price per sq ft (premium) in this community
- • Active UAE developer with established multi-project delivery history
- • 7 competing launches in Jumeirah Lake Towers
- • Community closed-sale trend is +0.0% year on year
- • Implied gross yield is 5.1% against community rents
Risk
- • The published handover date is already in the past
- • 22 primary off-plan registrations in this community (0 completed or secondary resales recorded yet)
See all 10 scoring factorsWhy SKID gave it 6.4Hide
Why SKID gave it 6.4
Location
Weight: 22.9%
Waterfront or beach positioning
Entry price
Weight: 17.1%
Launch is +2.0% above median DLD sale price per sq ft (premium) in this community
Developer
Weight: 17.1%
Active UAE developer with established multi-project delivery history
Supply / competition
Weight: 11.4%
7 competing launches in Jumeirah Lake Towers
Payment plan
Weight: 10%
Not used
Appreciation potential
Weight: 11.4%
Community closed-sale trend is +0.0% year on year
Rental yield
Weight: 8.6%
Implied gross yield is 5.1% against community rents
Delivery risk
Weight: 5.7%
The published handover date is already in the past
Service charges
Weight: 2.5%
Not used
Exit liquidity
Weight: 5.7%
22 primary off-plan registrations in this community (0 completed or secondary resales recorded yet)
Recent sales nearby
| Date | Type | Price | Sq ft | AED / sq ft |
|---|---|---|---|---|
| 2026-07-07 | Ready · Apartment | AED 1.75M | 824 | 2,122 |
| 2026-07-06 | Ready · Apartment | AED 3.35M | 1,773 | 1,890 |
| 2026-07-06 | Ready · Apartment | AED 1.5M | 1,055 | 1,421 |
| 2026-07-06 | Off-plan · Apartment | AED 4M | 1,745 | 2,292 |
| 2026-07-06 | Ready · Apartment | AED 950K | 775 | 1,225 |
| 2026-07-06 | Ready · Apartment | AED 2.43M | 1,658 | 1,466 |
| 2026-07-06 | Off-plan · Apartment | AED 4.13M | 1,592 | 2,592 |
| 2026-07-06 | Ready · Apartment | AED 1.09M | 753 | 1,448 |
| 2026-07-06 | Off-plan · Apartment | AED 476K | 603 | 789 |
| 2026-07-06 | Off-plan · Apartment | AED 537K | 387 | 1,387 |
| 2026-07-06 | Off-plan · Apartment | AED 1.78M | 632 | 2,825 |
| 2026-07-06 | Off-plan · Apartment | AED 2.11M | 690 | 3,055 |
| 2026-07-06 | Off-plan · Apartment | AED 2M | 744 | 2,689 |
| 2026-07-06 | Off-plan · Apartment | AED 3.25M | 1,157 | 2,805 |
| 2026-07-06 | Off-plan · Apartment | AED 3.37M | 1,202 | 2,800 |
| 2026-07-06 | Off-plan · Apartment | AED 2.56M | 853 | 3,000 |
| 2026-07-06 | Off-plan · Apartment | AED 2.57M | 853 | 3,015 |
| 2026-07-06 | Off-plan · Apartment | AED 1.97M | 610 | 3,230 |
| 2026-07-06 | Off-plan · Apartment | AED 1.96M | 610 | 3,215 |
| 2026-07-06 | Off-plan · Apartment | AED 1.97M | 610 | 3,230 |
| 2026-07-06 | Off-plan · Apartment | AED 1.97M | 610 | 3,230 |
| 2026-07-03 | Off-plan · Apartment | AED 4.4M | 2,179 | 2,017 |
| 2026-07-03 | Off-plan · Apartment | AED 820K | 800 | 1,025 |
| 2026-07-02 | Ready · Apartment | AED 1.9M | 1,283 | 1,481 |
Closed sales in this community. These are not this tower's own contracts unless the record says so.
Location
Dubai, Jumeirah Lake Towers, MBL Residence
Living in Jumeirah Lake Towers
Nearby DLD Median
AED 1,848 / sq.ft
Est. Gross Yield
5.2%
Ownership
Freehold
Frequently asked questions
Is MBL Residence a good off-plan investment in Jumeirah Lake Towers?
MBL Residence in Jumeirah Lake Towers (Dubai) scores 6.4/10 (caution) on the independent SKID 10-factor off-plan model across 88% evidenced factor weight. Proceed with caution. Several evidenced factors are weak. Strongest evidenced factor: location. Weakest: delivery risk. SKID Fair Value Gap: launch entry pricing sits +2.0% above matched land-registry transactions (Premium) in Jumeirah Lake Towers (advertised listings are excluded). SKID Rental Evidence: registered tenancy contracts imply ~5.15% gross yield before service charges and vacancy reserves. Reviewed by SKID Investment Research Engine (as of 2026-10-24).
Who is building MBL Residence?
MAG Property Development is the developer named on this launch.
When is handover for MBL Residence?
The published handover is Jun 2022.
What is the starting price of MBL Residence?
The published starting price is AED 1.42M.
What does the SKID screen mean for MBL Residence?
The SKID screen for this launch in Jumeirah Lake Towers is 55 out of 100. It ranks the published payment plan, handover date, starting price, and whether a developer is named. It is not a buy signal. Run the simulation before you reserve.
MBL Residence
From AED 1.42M · 6.4 / 10