−9% Sobha Waves Grande
1 BR · Apartment
About the building
36-storey residential building in Sobha Hartland, completed in 2023. Developer — Sobha Realty.
What the building has
- Swimming pool
- Gym
- Children's area
- Barbecue area
- Park and landscaping
Where it is
MBR City
Mohammed Bin Rashid City: lagoon communities and villa districts between Downtown and Nad Al Sheba.
- villas close to Downtown
- lagoon living
- long-horizon holds
What to check: Large parts of the masterplan are still open sites and phases get resequenced. Check what is contracted and under construction immediately around your plot, and price the purchase on that rather than on the full masterplan.
Full district guide →Questions and answers about lot NP3-109331
How much is this 1-bedroom apartment in Sobha Waves Grande?
Lot NP3-109331 is priced at AED 1 870 000, about $509 000. The listing does not state a size, so no price per square foot is given.
How much has the price of this lot been cut?
The price before the cut was AED 2 045 800; it is now AED 1 870 000 — AED 175 800 less, or 9%.
What are prices like in MBR City?
The database holds 43 lots in MBR City, starting from AED 1 300 000. The area median is AED 2 365 per sq ft. This lot's size is not stated, so its price per sq ft cannot be compared with the area. 24 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
MBR City area guide →Is the property ready or still under construction?
According to the listing, the property is ready. The project passport gives 2023 as the completion year.
Can this lot be bought with a mortgage, and what would the payment be?
UAE banks lend on ready homes to both residents and non-residents. For this lot: a resident puts down from 20%, here AED 374 000; a loan of AED 1 496 000 over 25 years at 3.75–4.99% a year comes to roughly AED 7 700–8 700 a month. A non-resident puts down from 40% (AED 748 000) and pays about AED 5 800–6 600 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 74 800 for this lot. On a ready property the registration trustee fee of AED 4 200 is added. 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 130 000 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 Sobha Waves Grande?
The building has 36 floors. The developer is Emaar. Completion year: 2023. 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 NP3-109331 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
Video: Sobha Waves Grande
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