MJL is, along with City Walk and Port De La Mer - are arguably Dubai's three most unique residential communities - all by Meraas & all located in areas where there is no other freehold. These three communities are all low-rise and have various individuality & scarcity - which make it a consistently heavily transacted & sought after real estate in Dubai.

With MJL you are at the footsteps of a global Icon; walking distance to the beach.

The Dubai reefs & unconfirmed The Island developed also are other major catalysts for the area moving forward.

Masterplan Status:

• 8 ready buildings at the front (off which 3 Asayel are handing / handed over now)

• Next handovers scheduled Jadeel (expected 2024)

• ⁠Al Jazi & Lamaa (2025)

• ⁠Joumana & Elara (2026)

• ⁠Riwa (2027) - sales ongoing now

• ⁠Following Riwa - only one last cluster of 3 buildings remain (in blue)

Pricing & transactions summary

• Lamtara - the front 3 buildings from Burj has the highest values.

• ⁠We are approaching the final stages of the completion of the master-plan with only the back two clusters remaining (one of which - RIWA - is now for sale). Couple of other plots in the master-plan perhaps can / may also be developed in future

• ⁠Currently 1 & 3 beds are available to purchase in RIWA cluster.

• Large number of transactions taking place consistently on secondary market

• ⁠Options in resale market are fairly limited and values are rising to match ready market. Cash flow is favorable with usually 40 - 50% payable on completion.