Magnolia by Palladium at Dubai Internet City

Magnolia is a new project by Palladium at Dubai Internet City business district, offering studios and one-bedroom apartments. The development is designed as a relatively small building with a limited number of floors and apartments. The architecture of this property in Dubai resembles a magnolia flower: facades with soft lines, terraces with smooth contours and lots of panoramic glass.

The interior spaces of Magnolia by Palladium at Dubai Internet City emphasise natural lighting and space. Stained glass windows covering the entire wall offer views of Dubai Marina, Palm Jumeirah and the legendary Burj Al Arab. The apartments at Magnolia by Palladium are finished in a calm colour scheme: neutral beige and grey tones, natural wood, laconic decorative panels and thoughtful lighting. This property at Dubai Internet City is designed with open floor plans: the living room flows smoothly into the kitchen, there is space for a living room and a full dining room, and built-in storage systems are provided to avoid cluttering the space.

The Magnolia by Palladium at Dubai Internet City offers two types of properties: studios and one-bedroom apartments. The studios at Magnolia by Palladium start at 303 sqft (28 m²), while the one-bedroom apartments start at 490 sqft (46 m²). The starting price for studios is 1 250 000 AED (340 400 $), and for apartments — from 1 710 000 AED (465 600 $).

The communal areas of Magnolia by Palladium will continue the theme of modern urban living. Residents of these apartments at Dubai Internet City will be greeted by a spacious lobby with high ceilings, panoramic windows and minimalist furnishings. The roof will feature a swimming pool with a sun terrace, a poolside lounge where you can relax or work on your laptop, and an open-air cinema where you can enjoy evenings with friends. Nearby is a modern fitness centre with a cardio zone and a sauna. For families with children, there is a separate children's playground. Coworking spaces and retail shops are expected on the lower levels of the building.

A separate advantage of Magnolia by Palladium is its location. Dubai Internet City has long established itself as Dubai's main technology cluster, home to the offices of international IT corporations, media companies, educational institutions and start-ups. The area is located along Sheikh Zayed Road between Dubai Marina and Palm Jumeirah, providing quick access to popular business and tourist destinations. On average, it takes about 10 minutes to drive to Dubai Marina and about 15 minutes to Palm Jumeirah. Downtown Dubai is about 20-25 minutes away. Dubai International Airport (DXB) is approximately 30 km away, which usually takes about 25 minutes by car.

Transport accessibility is another argument in favour of buying an apartment at Magnolia by Palladium. The Dubai Internet City metro station on the red line is nearby, from where you can quickly reach key areas of the city. City buses also run throughout the area, and taxis and car sharing are always available. For car owners, direct access to Sheikh Zayed Road and proximity to major transport hubs will be an important advantage.

The infrastructure around the development makes property at Dubai Internet City suitable for permanent residence. Major shopping centres such as Mall of the Emirates, Dubai Marina Mall and Ibn Battuta Mall are just a few minutes' drive away. The Greens Souk is suitable for daily shopping. Active leisure enthusiasts will appreciate the proximity of the Emirates Golf Club and Dubai Marina Walk, as well as JBR and Jumeirah Beach with cafes, restaurants and walking routes along the sea. There are many catering establishments in the vicinity to suit all tastes, from chain coffee shops to signature restaurants. There are clinics, international schools and kindergartens in the neighbouring areas.

Dubai Internet City is aimed at professionals in the fields of technology, media, education and creative industries who prefer to live close to work and are willing to pay for a convenient location and a high standard of living. For studios at Dubai Internet City, the estimated gross rental yield can be in the range of about 6.8-7.5% per annum, for one-bedroom apartments — approximately 6.2-6.9% per annum, while the average occupancy rate for many properties at Dubai Internet City reaches 85-95% during the year.

For those planning to buy an apartment at Magnolia by Palladium during the construction phase, the developer offers an interest-free 60/40 payment plan with a 10% down payment. This means that 10% is paid upon booking, 50% in stages during construction, and 40% upon transfer of the property. The completion date for this property in Dubai is scheduled for Q3 2028.

Frequently Asked Questions of Magnolia by Palladium