Midtown - Mesk 1
1 BR · Apartment
About the building
18-storey residential building in Mesk District.
Where it is
Questions and answers about lot NP1-337490
How much is this 1-bedroom apartment in Midtown - Mesk 1?
Lot NP1-337490 is priced at AED 900 000, about $245 000. The listing does not state a size, so no price per square foot is given.
Is there a discount on this lot?
There is no recorded price cut: the lot is in the database at the seller's asking price.
Is the property ready or still under construction?
According to the listing, the property is ready.
Can this lot be bought with a mortgage, and what would the payment be?
UAE banks lend on ready homes to both residents and non-residents. For this lot: a resident puts down from 20%, here AED 180 000; a loan of AED 720 000 over 25 years at 3.75–4.99% a year comes to roughly AED 3 700–4 200 a month. A non-resident puts down from 40% (AED 360 000) and pays about AED 2 800–3 200 a month. The bank approves the rate and the amount.
Run your own numbers in the mortgage calculator →What costs come on top of the price?
The main one is the Dubai Land Department registration fee: 4% of the price, AED 36 000 for this lot. On a ready property the registration trustee fee of AED 4 200 is added. 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 the lot clears the classic threshold for the two-year residence visa, AED 750 000. It is AED 1 100 000 short of the 10-year Golden Visa, granted from AED 2 000 000. 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 Midtown - Mesk 1?
The building has 18 floors. The developer is Deyaar. 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 NP1-337490 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
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