MAG 214 in Jumeirah Lakes Towers - Dubai residental property project

Cap rates, sales prices, rents and deal volumes

Sales prices for completed properties in MAG 214

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
1	67	15,497	1,036,667
2	134	12,736	1,702,500

The price of an apartment in MAG 214 is 13,920 AED/sqm on average.

Price for completed 1 bedroom apartment in MAG 214 is 1,036,667 AED or 15,497 AED/sqm.
Price for completed 2 bedroom apartment in MAG 214 is 1,702,500 AED or 12,736 AED/sqm.

About MAG 214

'MAG 214' in 'Jumeirah Lakes Towers' area project description

MAG 214 is a distinctive residential project located in the heart of Jumeirah Lakes Towers (JLT), one of Dubai's most sought-after communities known for its vibrant atmosphere and convenient location. This high-rise development is a testament to modern architecture and luxurious living, providing residents with an exceptional lifestyle in a thriving urban setting.

Completed in 2007 by the MAG Group, MAG 214 stands 40 storeys tall, making it one of the prominent landmarks in JLT. The tower comprises a mix of spacious apartments, including one, two, and three-bedroom units, as well as penthouses. Each unit is designed with a contemporary aesthetic, featuring open-plan layouts that maximize space and natural light. High-quality finishes, state-of-the-art appliances, and expansive windows offer stunning views of the surrounding lakes and the Dubai skyline.

Residents at MAG 214 enjoy an array of amenities that cater to their comfort and leisure. The tower features a temperature-controlled swimming pool, a fully-equipped gymnasium, and a sauna. Additionally, there are dedicated play areas for children, ensuring that families can enjoy their time without leaving the premises. The tower also has 24-hour security and concierge services, providing a safe and convenient living environment.

One of the standout features of MAG 214 is its strategic location within JLT. The development is situated in Cluster R, offering easy access to Sheikh Zayed Road and major public transportation options, including the Dubai Metro. This connectivity makes commuting to key areas such as Dubai Marina, Downtown Dubai, and Business Bay remarkably convenient.

JLT itself is a dynamic community with a wide range of retail, dining, and recreational options. Residents of MAG 214 can take a leisurely stroll around the picturesque lakes, enjoy a meal at the diverse selection of restaurants, or indulge in retail therapy at the numerous shops and boutiques in the area. The community is also home to several schools, healthcare facilities, and entertainment venues, further enhancing its appeal to families and professionals alike.

Furthermore, the proximity to the beachfront neighborhoods like JBR and Palm Jumeirah adds to the allure of living in MAG 214. Whether it's a leisurely beach day or enjoying the eclectic nightlife of these neighboring areas, residents have a plethora of activities to choose from.

In summary, MAG 214 offers an exemplary living experience in one of Dubai's most sought-after neighborhoods. Its modern design, comprehensive amenities, and prime location within JLT make it a preferable choice for individuals and families looking to enjoy the best of urban living in Dubai.

Q&A on MAG 214

What are the advantages of 'MAG 214' project in Dubai for property buyers? What are the disadvantages?

Advantages of 'MAG 214' in Jumeirah Lakes Towers (JLT), Dubai:

1. Location:
- Situated in one of Dubai's most sought-after areas, JLT enjoys proximity to key business hubs like Dubai Marina, Jebel Ali Free Zone, and Dubai Internet City.
- Close to major highways, such as Sheikh Zayed Road, facilitating easy access to various parts of the emirate.

2. Amenities:
- Features high-end facilities including a swimming pool, gym, sauna, steam rooms, and children's play areas.
- Convenient access to retail shops, restaurants, and cafes within the JLT community.

3. Transportation:
- Excellent public transportation links, including Dubai Metro stations (Sobha Realty and DMCC stations) and numerous bus routes.

4. Community:
- Offers a vibrant, multicultural environment with lakes, green spaces, and pedestrian-friendly pathways.
- Consists of a mix of residential, commercial, and hotel properties, fostering a balanced live-work-play lifestyle.

5. Investment Potential:
- JLT is a well-established community that continues to see strong demand for both rental and purchase markets.
- Steady appreciation in property values over time due to its strategic location and robust infrastructure.

6. Quality of Construction:
- MAG 214 is known for its quality construction and modern design, featuring spacious layouts and high-quality finishes.

Disadvantages of 'MAG 214' in Jumeirah Lakes Towers (JLT), Dubai:

1. Traffic Congestion:
- During peak hours, JLT can experience significant traffic congestion, especially around entry and exit points, which can be inconvenient for residents.

2. Noise:
- Being in a bustling area, some residents may find higher noise levels, especially from nearby construction projects, cafés, and road traffic.

3. Parking Issues:
- While the building has parking facilities, finding visitor parking can sometimes be challenging due to high demand in the vicinity.

4. Service Charges:
- As with many high-end developments, the service charges can be relatively high, which may be a consideration for potential buyers.

5. View Obstruction:
- The ongoing development within JLT can lead to future construction projects potentially obstructing views from lower floors.

6. Regulation and Policies:
- Owners and tenants need to be aware of community regulations and the policies of the JLT free zone authority, which can sometimes be stringent.

7. Lack of Freehold Status for Foreigners:
- JLT is a freehold area, but policies and procedures related to property ownership for foreign nationals might vary, depending on regulatory changes.

These points provide a balanced view of the pros and cons for potential buyers evaluating the 'MAG 214' project in JLT, Dubai.

What projects are better than 'MAG 214' project in Dubai which are located close by, and why?

* Almas Tower:
- Height: The tallest building in JLT, offering unparalleled views.
- Amenities: High-end office spaces, restaurants, and retail options.
- Reputation: Known as a prime commercial hub, home to the Dubai Multi Commodities Centre (DMCC).

* Lake View Tower:
- Location: Situated in Cluster B, providing easy access to Sheikh Zayed Road.
- Features: Offers residential apartments with larger layouts and high-quality finishes.
- Facilities: Includes a fitness center, swimming pool, and 24-hour security.

* Bonnington Tower:
- Design: Iconic architectural design, providing a mix of hotel rooms, serviced apartments, and residential units.
- Amenities: Offers luxury facilities such as a sky pool, gym, and multiple dining options.
- Services: Provides 5-star hotel services and concierge.

* V3 Tower:
- Configuration: Residential skyscraper with spacious apartments.
- Views: Offers stunning views of the Jumeirah Islands and Emirates Golf Course.
- Accessibility: Close to metro stations and main road networks.

* New Dubai Gate 1:
- Value: Mid-range pricing with high-quality finishes.
- Community: Family-friendly environment with playgrounds and parks.
- Retail: Extensive retail options within the building and nearby.

* Saba Towers:
- Versatility: Three towers offering residential, commercial, and office spaces.
- Facilities: Top-notch amenities including health clubs, pools, and retail outlets.
- Proximity: Close to Marina, Internet City, and other business hubs.

Each of these projects has unique selling points, such as superior amenities, strategic location, and a mix of residential and commercial spaces, making them attractive alternatives to MAG 214.

What are the closest schools to 'MAG 214' project in Dubai?

- Arcadia School: Located in JLT Cluster P, offers British curriculum from Foundation Stage to Year 6.
- Dubai British School (DBS): Found in The Springs community, roughly 10-minute drive from JLT.
- Emirates International School Meadows: Located in The Meadows, within a 10-minute drive.
- GEMS World Academy: Situated in Al Barsha, around 15 minutes away by car.
- Regent International School: Located in The Greens, approximately a 10-minute drive.
- Dubai International Academy (DIA): Based in Emirates Hills, about 12 minutes away by car.
- Jumeirah English Speaking School Arabian Ranches (JESS): Located in Arabian Ranches, around 20 minutes away.
- Swiss International Scientific School in Dubai: Found in Healthcare City, about 25 minutes by car.

What are the closest medical clinics to 'MAG 214' project in Dubai?

1. Armada Medical Centre - Armada Towers, Cluster P, Jumeirah Lakes Towers (JLT), Dubai.
2. Life Medical Centre - HDS Business Centre, Cluster M, Jumeirah Lakes Towers (JLT), Dubai.
3. Dubai London Clinic & Specialty Hospital - Gold Tower, Cluster I, Jumeirah Lakes Towers (JLT), Dubai.
4. Dr. K Medical Center - Palladium Tower, Cluster C, Jumeirah Lakes Towers (JLT), Dubai.
5. Mediclinic Meaisem - The Meadows Souk, adjacent to Jumeirah Lakes Towers (JLT), Dubai.