The Edge
1 BR · Apartment
About the building
7-storey office building in Dubai Media City, completed in 2017. Developer — TECOM Group and Sweid & Sweid. Architect — Brewer Smith Brewer Group.
Where it is
Business Bay
The canal district next to Downtown: conceived as offices, built mostly as apartments, now one of the most tenanted parts of the city.
- central location at a discount
- short-let on the canal
- deep tenant demand
What to check: Quality varies enormously between towers here. Walk the building on a normal weekday and get three years of service charge history before you offer — in Business Bay the building matters far more than the district average.
Full district guide →Questions and answers about lot NP17-574295
How much is this 1-bedroom apartment in The Edge?
Lot NP17-574295 is priced at AED 1 640 000, about $447 000. The size is 696 sq ft (65 m²), which works out at AED 2 356 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 The Edge?
The database holds 7 lots in The Edge right now, from AED 1 590 000 to AED 2 900 000. 5 of them share this type and bedroom count: by price this lot ranks 3 of 5, cheapest first. At AED 2 356 per sq ft this lot is 9% below the median for the other lots in the project (AED 2 589).
Is this expensive or cheap for Business Bay?
The database holds 387 lots in Business Bay. The area median is AED 2 869 per sq ft; this lot, at AED 2 356, is 18% below it. 128 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
Business Bay area guide →Is the property ready or still under construction?
The listing gives no handover date. The project passport gives 2017 as the completion year.
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 328 000; a loan of AED 1 312 000 over 25 years at 3.75–4.99% a year comes to roughly AED 6 700–7 700 a month. A non-resident puts down from 40% (AED 656 000) and pays about AED 5 100–5 700 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 65 600 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 360 000 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 →What is known about The Edge?
The building has 7 floors. The developer is Select Group. Completion year: 2017. Figures are from the project passport: Propsearch and the Dubai Land Department.
The Edge project page →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 NP17-574295 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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