−7% SLS Dubai Hotel & Residences
1 BR · Apartment
About the building
76-storey mixed-use complex in Business Bay, completed in 2020. Developer — World of Wonders Real Estate Development. Architect — Next Engineering Consultants.
What the building has
- Swimming pool
- Gym
- Spa and sauna
- Parking
- Restaurants
Where it is
Business Bay
The canal district next to Downtown: conceived as offices, built mostly as apartments, now one of the most tenanted parts of the city.
- central location at a discount
- short-let on the canal
- deep tenant demand
What to check: Quality varies enormously between towers here. Walk the building on a normal weekday and get three years of service charge history before you offer — in Business Bay the building matters far more than the district average.
Full district guide →Questions and answers about lot NP1-338004
How much is this 1-bedroom apartment in SLS Dubai Hotel & Residences?
Lot NP1-338004 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 2 300 000; it is now AED 2 150 000 — AED 150 000 less, or 7%.
What are prices like in Business Bay?
The database holds 332 lots in Business Bay. The area median is AED 2 990 per sq ft. This lot's size is not stated, so its price per sq ft cannot be compared with the area. 126 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
Business Bay area guide →Is the property ready or still under construction?
According to the listing, the property is ready. The project passport gives 2020 as the completion year.
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 430 000; a loan of AED 1 720 000 over 25 years at 3.75–4.99% a year comes to roughly AED 8 800–10 000 a month. A non-resident puts down from 40% (AED 860 000) and pays about AED 6 600–7 500 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 86 000 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, 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 SLS Dubai Hotel & Residences?
The building has 76 floors and 946 units. The developer is WOW Investments. Completion year: 2020. 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 NP1-338004 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
Video: SLS Dubai Hotel & Residences
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