Ellington The Crestmark
1 BR · Apartment
About the building
22-storey residential building in Business Bay. Developer — Ellington Properties Development. Architect — Gulf Engineering & Consultants.
What the building has
- Parking
Specifications for The Crestmark per Propsearch and the Dubai Land Department. They describe the whole building, not the individual unit.
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 NP1-508833
How much is this 1-bedroom apartment in Ellington The Crestmark?
Lot NP1-508833 is priced at AED 3 000 000, about $817 000. 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 3 050 000; it is now AED 3 000 000 — AED 50 000 less, or 2%.
How does this price compare with other lots in Ellington The Crestmark?
The database holds 2 lots in Ellington The Crestmark right now, from AED 3 000 000 to AED 3 100 000.
What are prices like in Business Bay?
The database holds 323 lots in Business Bay. The area median is AED 3 026 per sq ft. This lot's size is not stated, so its price per sq ft cannot be compared with the area. 115 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?
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 →What costs come on top of the price?
The main one is the Dubai Land Department registration fee: 4% of the price, AED 120 000 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 3 000 000. 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 Ellington The Crestmark?
The building has 22 floors and 189 units. The developer is Ellington Properties. 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 NP1-508833 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
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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