517 400 $
Dubai, UAE (United Arab Emirates)
ID D1151_SHOREFRONT_RESIDENCES
Flat in Dubai. City - Dubai
ID D1121_JOMANA
"Jomana" is a recently launched project for the development of molds, located north of the "Al-Jazi" area and closest to Al-Wasl Road. The 8-story residential complex property includes apartments with 1, 2, 3, and 4 bedrooms near the famous Burj Al Arab. This is the seventh stage of master development and the first stage incorporating a new philosophy of modern facade design, surrounded by lush greenery and excellent residential amenities. MJL also includes Jade el, Raja al, Asayel, Lamtara, and Al Jazi Developments.
Location Features:
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Local Infrastructure:
Jomana in MJL will feature elegant and modern facades and will be the first stage in a master project embracing a new philosophy of modern design. Each apartment boasts thoughtful interior design and superior finishing, with open plan layouts and floor-to-ceiling windows offering magnificent views. The developer has implemented premium and contemporary interior finishes with built-in kitchen appliances, as well as new bathroom designs and materials. All apartments feature a balcony or terrace, with ground floor apartments having a large private terrace.
Key Features:
Buying Advantages:
Payment Plan: 20% down payment 70/30
ROI: 7-8%
Developer Information: MERAAS HOLDING LLC OPERATES AS A HOLDING COMPANY OFFERING 6 SUBSIDIARIES INCLUDING RETAIL, F&B, HOSPITALITY, HEALTHCARE, ENTREPRENEURSHIP, AND REAL ESTATE. MERAAS' PORTFOLIO INCLUDES LEADING PROJECTS SUCH AS CITY WALK RESIDENCES, BLUEWATERS RESIDENCES, NIKKI BEACH RESIDENCES, BULGARI RESIDENCES, PORT DE LA MER, LA MER MAISONS, JUMEIRAH BAY, CHERRY WOODS, AND MANY MORE.
Things to Know:
In UAE (United Arab Emirates) a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Dubai; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.
Banks in UAE (United Arab Emirates) finance 50–70% of the property value for non-residents with rates of 3–5% for 20–30 years. A life insurance policy and a 30–40% down payment are usually required. Terms and programs vary by city and bank.
Expected expenses: transfer tax 0–15%, registration 0.5–2%, notary 0.5–1.5%, agent commission 0–3%. In total 2–20% on top of the purchase price. Exact rates depend on region, property type and programs.
A title search at the land registry of UAE (United Arab Emirates) takes 10–15 business days. You receive ownership, encumbrance and tax clearance certificates. Documents are translated and reviewed by a lawyer before signing.
Yes. Rental income tax is 5–25% depending on the regime. In Dubai short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.
Yes. An inspection costs about 0.5–1% of the price (520 123 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.
A typical transaction runs 30–90 days, averaging 45 in Dubai: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).