−6% Al Reef Downtown
3 BR · Apartment · 4 bathrooms
Price history
Listed since 5 November 2026. The price has been cut once — dates and figures from the listing itself.
- 5 November 2026 AED 1 600 000
- 13 November 2026 AED 1 500 000 -6%
Where it is
The pin is placed by district — I send the exact address on request.
Downtown Dubai
The Burj Khalifa district — the most recognisable address in the emirate and the densest piece of it.
- short-let income
- a landmark address
- fast resale
What to check: The service charge here is among the highest in Dubai and in older towers it has climbed faster than rent. Calculate your yield after the charge, not before, and ask for three years of charge history before making an offer.
Full district guide →Questions and answers about lot NP12-625397
How much is this 3-bedroom apartment in Al Reef Downtown?
Lot NP12-625397 is priced at AED 1 500 000, about $408 000. The size is 1 669 sq ft (155 m²), which works out at AED 899 per sq ft.
Has the price of this lot been cut?
Yes. The listing history shows the price going from AED 1 600 000 to AED 1 500 000: AED 100 000 less, or 6%. It was cut once. On the market since 5 November 2026.
Is this expensive or cheap for Downtown Dubai?
The database holds 209 lots in Downtown Dubai, starting from AED 1 300 000. The area median is AED 3 662 per sq ft; this lot is at AED 899. A gap that wide usually means an error in the listing rather than a real price difference — I will check it when you ask. 35 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
Downtown Dubai area guide →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 300 000; a loan of AED 1 200 000 over 25 years at 3.75–4.99% a year comes to roughly AED 6 200–7 000 a month. A non-resident puts down from 40% (AED 600 000) and pays about AED 4 600–5 300 a month. The bank approves the rate and the amount.
Run your own numbers in the mortgage calculator →What does the seller say about the property itself?
From the listing: bathrooms — 4.
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 NP12-625397 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
Video: Al Reef Downtown
Reviews from the English YouTube channel — each one with a written breakdown on this site.
Nearby in Downtown Dubai
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