−21% Photos and renders of the building and grounds — not of this particular unit.
Tonino Lamborghini Residences
4 BR · Apartment
About the building
A residential building in Nad Al Sheba, currently under construction.
Where it is
Meydan
The racecourse district: low-density, central, and increasingly the default answer for a house within fifteen minutes of Downtown.
- houses close to Downtown
- families wanting space
- low-density central living
What to check: Meydan is not a single-developer masterplan — build quality, community management and service charges vary sharply between sub-communities. Check who built yours and what else they have delivered.
Full district guide →Questions and answers about lot NP16-550802
How much is this 4-bedroom apartment in Tonino Lamborghini Residences?
Lot NP16-550802 is priced at AED 6 550 000, about $1 784 000. The size is 2 540 sq ft (236 m²), which works out at AED 2 579 per sq ft.
How much has the price of this lot been cut?
The price before the cut was AED 8 250 000; it is now AED 6 550 000 — AED 1 700 000 less, or 21%.
Is this expensive or cheap for Meydan?
The database holds 45 lots in Meydan. The area median is AED 2 144 per sq ft; this lot, at AED 2 579, is 20% above it. 11 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
Meydan 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 30%, here AED 1 965 000; a loan of AED 4 585 000 over 25 years at 3.75–4.99% a year comes to roughly AED 23 600–26 800 a month. A non-resident puts down from 40% (AED 2 620 000) and pays about AED 20 200–23 000 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 262 000 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 6 550 000. 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 NP16-550802 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
Video: Tonino Lamborghini Residences
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