Erin
3 BR · Apartment
About the building
12-storey residential building in Central Park at City Walk. Developer — Meraas Holding. Architect — Dewan Architects & Engineers.
What the building has
- Park and landscaping
Where it is
Questions and answers about lot NP16-550794
How much is this 3-bedroom apartment in Erin?
Lot NP16-550794 is priced at AED 5 300 000, about $1 443 000. The size is 1 641 sq ft (152 m²), which works out at AED 3 230 per sq ft.
Is there a discount on this lot?
There is no recorded price cut: the lot is in the database at the seller's asking price.
How does this price compare with other lots in Erin?
The database holds 5 lots in Erin right now, from AED 5 250 000 to AED 8 700 000. 5 of them share this type and bedroom count: by price this lot ranks 2 of 5, cheapest first.
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 30%, here AED 1 590 000; a loan of AED 3 710 000 over 25 years at 3.75–4.99% a year comes to roughly AED 19 100–21 700 a month. A non-resident puts down from 40% (AED 2 120 000) and pays about AED 16 300–18 600 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 212 000 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 5 300 000. 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 Erin?
The building has 12 floors and 199 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 NP16-550794 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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