Palas Residences
1 BR · Apartment
Where it is
The pin is placed by district — I send the exact address on request.
Dubai Hills Estate
Emaar’s flagship family masterplan: a golf course, a park, a mall and schools, eleven minutes from Downtown.
- families with children
- long-term holds
- reliable community management
What to check: Confirm what is still under construction around your specific phase — parts of the masterplan were finished years ago and others are active sites, and the difference in daily life and achievable rent is large.
Full district guide →Questions and answers about lot NP16-550769
How much is this 1-bedroom apartment in Palas Residences?
Lot NP16-550769 is priced at AED 1 800 000, about $490 000. The size is 745 sq ft (69 m²), which works out at AED 2 416 per sq ft.
How much has the price of this lot been cut?
The price before the cut was AED 1 820 000; it is now AED 1 800 000 — AED 20 000 less, or 1%.
Is this expensive or cheap for Dubai Hills Estate?
The database holds 112 lots in Dubai Hills Estate, starting from AED 1 240 000. The area median is AED 2 535 per sq ft; this lot, at AED 2 416, is 5% below it. 31 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
Dubai Hills Estate area guide →Can this lot be bought with a mortgage, and what would the payment be?
UAE banks lend on ready homes, and the listing does not confirm that this property is ready. If it has been handed over, the numbers are: a resident puts down from 20%, here AED 360 000; a loan of AED 1 440 000 over 25 years at 3.75–4.99% a year comes to roughly AED 7 400–8 400 a month. A non-resident puts down from 40% (AED 720 000) and pays about AED 5 600–6 300 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 72 000 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 the lot clears the classic threshold for the two-year residence visa, AED 750 000. It is AED 200 000 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 →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 NP16-550769 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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