−5% SLS Residences
2 BR · Apartment
About the building
A residential building in The Palm Crescent. Developer — Roya Lifestyle Development. Architect — Morganati.
What the building has
- Swimming pool
- Beach
Specifications for SLS Residences The Palm per Propsearch and the Dubai Land Department. They describe the whole building, not the individual unit.
Where it is
Palm Jumeirah
The palm-shaped island: villas on the fronds, apartments along the trunk, resorts around the crescent.
- short-let income
- beachfront living
- capital preservation
What to check: Confirm in writing that the specific building permits holiday lets before you underwrite any short-let income, and model summer and winter occupancy separately — beach-driven demand falls sharply from June to September.
Full district guide →Questions and answers about lot NP1-476888
How much is this 2-bedroom apartment in SLS Residences?
Lot NP1-476888 is priced at AED 7 990 000, about $2 176 000. 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 8 391 000; it is now AED 7 990 000 — AED 401 000 less, or 5%.
How does this price compare with other lots in SLS Residences?
The database holds 2 lots in SLS Residences right now, from AED 7 990 000 to AED 10 700 000. 2 of them share this type and bedroom count: this lot is the cheapest.
What are prices like in Palm Jumeirah?
The database holds 211 lots in Palm Jumeirah, starting from AED 1 220 000. The area median is AED 4 121 per sq ft. This lot's size is not stated, so its price per sq ft cannot be compared with the area. 28 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
Palm Jumeirah area guide →Is the property ready or still under construction?
The handover date in the listing is 4Q 2026. 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 →What costs come on top of the price?
The main one is the Dubai Land Department registration fee: 4% of the price, AED 319 600 for this lot. 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 7 990 000. 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 Residences?
The project has 113 units. 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 NP1-476888 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
Video: SLS Residences
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 2026 — 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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