−9% Riwa Madinat jumeirah Living (MJL)
1 BR · Apartment
About the building
Located in Madinat Jumeirah Living. Developer — Meraas Holding. Architect — Al Gurg.
Where it is
Madinat Jumeirah Living
Madinat Jumeirah Living: a low-rise Arabesque community opposite Burj Al Arab, and one of the few genuinely walkable places in Dubai.
- walkable low-rise living
- end-user resale demand
- long-term holds
What to check: Orientation within the courtyard matters more than floor level here, and afternoon sun exposure varies considerably between buildings. View at the time of day you would actually use the terrace.
Full district guide →Questions and answers about lot NP3-430414
How much is this 1-bedroom apartment in Riwa Madinat jumeirah Living (MJL)?
Lot NP3-430414 is priced at AED 2 150 000, about $585 000. The listing does not state a size, so no price per square foot is given.
How much has the price of this lot been cut?
The price before the cut was AED 2 356 000; it is now AED 2 150 000 — AED 206 000 less, or 9%.
What are prices like in Madinat Jumeirah Living?
The database holds 51 lots in Madinat Jumeirah Living, starting from AED 2 050 000. The area median is AED 3 050 per sq ft. This lot's size is not stated, so its price per sq ft cannot be compared with the area. 8 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
Madinat Jumeirah Living area guide →Is the property ready or still under construction?
The handover date in the listing is 2027. Until then payments follow the developer's payment plan. The date comes from the seller and is checked against the sale agreement before a deal.
Can I get a mortgage on this lot while it is still under construction?
During construction the buyer pays the developer under the payment plan — UAE banks grant standard mortgages on ready homes. A loan is possible for the final payment, once the property has its completion certificate.
Mortgage for the final payment →What costs come on top of the price?
The main one is the Dubai Land Department registration fee: 4% of the price, AED 86 000 for this lot. With a mortgage the bank charges for processing and valuation, and the mortgage is registered for a separate fee. I will send the full calculation for this lot on request.
Does buying this lot qualify for a UAE residence visa?
On price, yes: the 10-year Golden Visa is granted for property from AED 2 000 000, and this lot is priced at AED 2 150 000. The threshold is measured by the Dubai Land Department valuation, not the contract, and only freehold qualifies.
Golden Visa and residence visas →What is known about Riwa Madinat jumeirah Living (MJL)?
The building has 11 floors and 244 units. The developer is Meraas. Figures are from the project passport: Propsearch and the Dubai Land Department.
How do I view the property and get the exact address?
Lots in the database are anonymised: the unit number, exact address and owner's details are not published. Send the lot code NP3-430414 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
Video: Riwa Madinat jumeirah Living (MJL)
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