Distress Sale: Ready 3 Bedroom in Al Jazi, Madinat Jumeirah Living, Dubai

Burj Al Arab View | 1,926 Sqft | 5 Bathrooms | Maid’s Room | Ready | AED 4,770,000

This is an urgent distress listing for a ready, move-in-now 3-bedroom apartment with Burj Al Arab view in Al Jazi by Meraas, located in Madinat Jumeirah Living (MJL), Umm Suqeim 3, Dubai, United Arab Emirates. The current market price for comparable 3-bedroom apartments in Al Jazi is AED 5,600,000. The distress selling price is AED 4,770,000 — a direct saving of AED 830,000, which is 14.8% below the prevailing market. This is one of the largest percentage discounts available for a ready 3-bedroom unit in MJL — a community that has been entirely sold out at developer level since Q4 2020, with all units only accessible through the secondary market. Al Jazi is the fifth and final phase of MJL, completed in 2025 to Meraas’s trademark premium specification. The entry price per square foot at AED 4,770,000 on 1,926 sqft is AED 2,477/sqft — versus MJL’s Q1 2025 average resale price of AED 2,852/sqft and a market listing of AED 5,600,000 for this unit — confirming the depth of this discount in one of Dubai’s most prestigious and supply-constrained residential locations.

Property Highlights

• Project: Al Jazi (Fifth Phase of Madinat Jumeirah Living)
• Developer: Meraas Holding
• Community: Madinat Jumeirah Living (MJL), Umm Suqeim 3
• Unit Type: 3 Bedroom Apartment
• Size: 1,926 sq ft
• Bathrooms: 5 (all 3-bedroom units in Al Jazi include 5 bathrooms)
• Maid’s Room: Yes — with en-suite bathroom
• Laundry Room: Yes
• Balcony / Terrace: Yes — large terrace or two balconies per 3-bedroom layout
• View: Burj Al Arab and Arabian Gulf views
• Architecture: Classic Arabic architecture blended with contemporary interiors
• Status: Ready — completed 2025
• Immediate Occupancy: Yes — move in or rent out now
• Market Price: AED 5,600,000
• Distress Selling Price: AED 4,770,000
• Saving vs Market: AED 830,000 (14.8%)
• Entry Price per Sqft: AED 2,477/sqft vs MJL average AED 2,852/sqft (Q1 2025)
• Parking: Covered parking included
• Ownership: Freehold — available to all nationalities

About Al Jazi – Madinat Jumeirah Living

Al Jazi is the fifth and most recently delivered phase of Madinat Jumeirah Living — Meraas’s crown jewel residential community, developed within the grounds of Madinat Jumeirah at Umm Suqeim 3. It is Dubai’s first and only freehold residential community in Umm Suqeim, commanding an address of exceptional prestige: immediately adjacent to the Burj Al Arab, Jumeirah Beach Hotel, Wild Wadi Waterpark, Souk Madinat Jumeirah, and Umm Suqeim Beach. The entire MJL community — across all five phases (Asayel, Jadeel, Rahaal, Lamtara, and now Al Jazi) — has been sold out at developer level since Q4 2020, with 99% of units absorbed at launch. Al Jazi consists of four 9-storey buildings comprising 378 apartments in 1, 2, 3, and 4-bedroom configurations, designed in Meraas’s signature classic Arabic architectural style with lush landscaped podiums, shaded wadis, meandering courtyards, and communal rooftop terraces offering direct Burj Al Arab views. The landscaped podiums connect all four Al Jazi buildings, giving residents access to shared amenities regardless of which building they reside in.

Community and Lifestyle

• MJL is connected to Souk Madinat Jumeirah via a dedicated air-conditioned pedestrian bridge — giving residents direct access to 75 retail stores, galleries, and the best dining in Jumeirah without using a car
• Burj Al Arab is approximately 6 minutes by car or visible from communal roof terraces — a view that no Dubai community can replicate and that underpins long-term capital value
• Umm Suqeim Beach is within easy walking distance — a pristine public beach with the Burj Al Arab as the backdrop
• Wild Wadi Waterpark is adjacent, as is the Jumeirah Beach Hotel — a resort environment directly accessible to residents
• Restricted vehicle access throughout MJL creates a genuinely pedestrian-friendly, low-traffic community environment — rare in Dubai’s mid-rise apartment developments
• Wadis (shaded pedestrian paths), lush greenery, courtyards, and palm-fringed pools create a resort-hotel quality of life on a daily basis
• MJL is one of Dubai’s most sought-after family communities — close to Jumeirah 1, 2, and 3, with schools, nurseries, clinics, and hospitals of the highest standard within the broader Jumeirah area
• MJL average gross ROI of 7.1% (Q2 2022 data) — for a Jumeirah community, this is exceptional and reflects sustained high tenant demand at strong rental prices

Amenities

• Communal roof terraces with BBQ areas and direct Burj Al Arab and sea views
• Palm-fringed swimming pools — multiple across the MJL masterplan
• Poolside cafes and relaxation areas
• Fully equipped gymnasium and fitness centre
• Spa facilities
• Sauna
• Jogging and cycling trails through the wadi and green landscape
• Children’s playground and family-oriented open spaces
• Landscaped courtyards and shaded wadis — the defining character of MJL
• Air-conditioned pedestrian bridge to Souk Madinat Jumeirah (75 retail stores + dining)
• Self-contained MJL retail centre for daily essentials
• 5-minute drive to Mall of the Emirates
• 24-hour security with CCTV throughout the community
• Covered parking per unit
• High-speed elevators in each building
• Maintenance and waste disposal services

Layout and Floor Plan

Al Jazi 3-bedroom apartments span 1,835 to 2,583 sq ft. This distress unit is 1,926 sq ft — sitting comfortably in the mid-range of the 3-bedroom floor plan spectrum. Per Bayut’s confirmed Al Jazi floor plan data, all 3-bedroom units include 5 bathrooms, a dedicated maid’s room with en-suite bathroom, a laundry room, a living and dining area, a fully fitted kitchen, and either a large terrace or two balconies. The Burj Al Arab view orientation is among the most desirable within the development, as it offers a sight line across the community’s greenery toward the world’s most iconic hotel — a view that commands a consistent rental premium and supports exceptional long-term resale values. The exact floor plan, unit number, and building allocation within Al Jazi are available on request quoting reference ALJAZI-MJL-3BR-1926-BAV-001.

Payment and Acquisition Costs

This is a completed ready secondary market resale. No construction installments or payment plans apply — the full purchase price of AED 4,770,000 is payable upon transfer. On transfer: 4% DLD fee (~AED 190,800), trustee fee (~AED 4,200), and buyer agency ~2% (~AED 95,400). Total all-in acquisition cost: approximately AED 5,060,400 — still materially below the AED 5,600,000 market asking price and a genuine net saving for the buyer. Mortgage financing is available for this completed unit from UAE banks, including mortgage for non-residents. Contact our team for bank pre-approval support. The transaction typically completes within 2–4 weeks from SPA to title deed for a ready property.

Location and Connectivity

• Burj Al Arab: approximately 6 minutes by car — visible from communal roof terraces
• Souk Madinat Jumeirah: walking distance via air-conditioned pedestrian bridge
• Umm Suqeim Beach: approximately 5 minutes’ walk
• Wild Wadi Waterpark: adjacent — approximately 2 minutes
• Jumeirah Beach Hotel: approximately 5 minutes
• Mall of the Emirates: approximately 5 minutes by car
• Sheikh Zayed Road (E11): approximately 5 minutes
• DIFC: approximately 15 minutes by car
• Downtown Dubai / Burj Khalifa: approximately 20 minutes by car
• Dubai Mall: approximately 20 minutes by car
• Dubai Marina / JBR: approximately 15 minutes by car
• Dubai International Airport (DXB): approximately 25–30 minutes by car
• Al Maktoum International Airport (DWC): approximately 35–40 minutes
• Palm Jumeirah: approximately 10 minutes by car

Why Invest in Al Jazi, MJL

• AED 830,000 below market (14.8%): One of the largest absolute and percentage discounts available for a ready 3-bedroom in MJL — a community where supply is permanently constrained and seller discounts of this magnitude are rare
• AED 2,477/sqft vs MJL average AED 2,852/sqft: The distress entry price per square foot is 13.1% below the Q1 2025 MJL market average — confirmed market data providing objective validation of the discount depth
• MJL is sold out at developer level: Meraas absorbed 99% of MJL units by Q4 2020. There is no new developer supply — every unit available in MJL today is secondary market resale. This structural supply constraint is the foundation of MJL’s consistent price appreciation
• Burj Al Arab view — irreplaceable: The Burj Al Arab is a permanently fixed, internationally recognised landmark. No competing development can ever replicate this view from an MJL address — it is truly non-duplicatable and is the primary reason MJL units command top-decile prices in Dubai’s mid-luxury apartment segment
• 5 bathrooms + maid’s room: All 3-bedroom Al Jazi units include 5 bathrooms and a maid’s room. This specification is materially above what competing Jumeirah 3-bedroom apartments deliver at comparable pricing, and directly supports above-average rents and long-term tenant retention among family occupants
• Souk Madinat pedestrian bridge: The air-conditioned bridge to Souk Madinat Jumeirah is one of the most valuable lifestyle amenities any Dubai residential community offers — direct walk-in access to 75 shops, galleries, waterfront restaurants, and the Mina A’Salam hotel without a car
• MJL 7.1% gross yield: For a Jumeirah address — Dubai’s most expensive residential zone outside the Palm — a 7.1% gross yield is exceptional and reflects sustained structural tenant demand that has not normalised downward despite years of price growth
• Ready — immediate rental income: No construction wait. An investor can complete the purchase and immediately place the unit with a tenant. The all-in cost of ~AED 5,060,400 against annual rents of AED 300,000–380,000+ for a 3BR with Burj Al Arab view in MJL implies a gross yield of approximately 5.9%–7.5% on total acquisition cost
• 10-year Golden Visa: The investment far exceeds the AED 2M threshold — buyer is eligible for UAE 10-year Golden Visa

Frequently Asked Questions (FAQs)