Magnolia

Magnolia is a residential building under construction in Dubai Internet City, developed by Palladium Development with handover planned for Q3 2028. The project is freehold and priced from 1,250,000 AED. By design it will hold 200 units across 5 floors.

Residences and layouts

The building is planned with studios, one bedroom and two bedroom apartments. Studios start at 28.15 m² and 1,250,000 AED, one bedroom units from 45.52 m² and 1,710,000 AED, and two bedroom apartments from 2,700,000 AED. The price per m² is 37,566 AED. The project combines residential and hotel apartments in one building.

Payment plan

A 20% payment is due on booking, 40% during construction and 40% on handover. The service charge is 322.92 AED per m² a year.

Amenities

By design the building will include a games room, a gym, a coworking space, a cinema room, a sauna and a retail unit.

Location and transport

The Dubai Internet City metro station is four minutes away, and Al Khail Metro Station is nine minutes away. Google, Amazon and BBC are three minutes from the building, the Microsoft office is seven minutes and CNN is eight minutes. Sheikh Zayed Road provides a direct exit, and Dubai Marina and The Palm Monorail are ten minutes away. Emirates Hills 2 is also ten minutes away.