−18% Photos and renders of the building and grounds — not of this particular unit.
Porto Playa
1 BR · Apartment
About the building
Located in Hayat Island, currently under construction. Developer — Ellington Properties Development.
Specifications for Porto Playa as published by the developer — the project is under construction, so there is no Land Department record yet. They describe the whole building, not the individual unit.
Questions and answers about lot NP1-232567
How much is this 1-bedroom apartment in Porto Playa?
Lot NP1-232567 is priced at AED 1 660 000, about $452 000. 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 2 035 000; it is now AED 1 660 000 — AED 375 000 less, or 18%.
Is the property ready or still under construction?
The handover date in the listing is Q1 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 →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 NP1-232567 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
Video: Porto Playa
Reviews from the English YouTube channel — each one with a written breakdown on this site.
A mortgage covers the final instalment
The final payment on this building falls in 2027 — under off-plan plans that is 40–60% of the price in one go. A UAE bank closes it: the flat becomes the security, and nothing is added on top of what the developer has already been paid.
- Up to 80% of the appraised value, no extra down payment
- 3.99% fixed for three years, up to 25 years in term
- 6–12 months before the keys — the bank wants six months of income history
Already been invoiced, or missed the date? That is not a dead end either — write and we will look at what the developer will accept.
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