St. Regis The Residences T1
2 BR · Apartment
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 NP16-550805
How much is this 2-bedroom apartment in St. Regis The Residences T1?
Lot NP16-550805 is priced at AED 7 200 000, about $1 961 000. The size is 1 297 sq ft (120 m²), which works out at AED 5 551 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. The comparisons below show how that price sits against the market.
How does this price compare with other lots in St. Regis The Residences T1?
The database holds 2 lots in St. Regis The Residences T1 right now, from AED 7 200 000 to AED 7 250 000. 2 of them share this type and bedroom count: this lot is the cheapest.
Is this expensive or cheap for Downtown Dubai?
The database holds 166 lots in Downtown Dubai. The area median is AED 3 583 per sq ft; this lot, at AED 5 551, is 55% above it. 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 →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 2 160 000; a loan of AED 5 040 000 over 25 years at 3.75–4.99% a year comes to roughly AED 25 900–29 400 a month. A non-resident puts down from 40% (AED 2 880 000) and pays about AED 22 200–25 200 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 288 000 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 7 200 000. 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 NP16-550805 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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