Photos and renders of the community and grounds — not of this particular unit.
Terraces Marasi Drive
2 BR · Apartment
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 NP3-109388
How much is this 2-bedroom apartment in Terraces Marasi Drive?
Lot NP3-109388 is priced at AED 2 350 000, about $640 000. The listing does not state a size, so no price per square foot is given.
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 Terraces Marasi Drive?
The database holds 5 lots in Terraces Marasi Drive right now, from AED 2 000 000 to AED 3 250 000. 3 of them share this type and bedroom count: this lot is the cheapest.
What are prices like in Business Bay?
The database holds 360 lots in Business Bay. The area median is AED 2 873 per sq ft. This lot's size is not stated, so its price per sq ft cannot be compared with the area. 107 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?
According to the listing, the property is ready.
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 470 000; a loan of AED 1 880 000 over 25 years at 3.75–4.99% a year comes to roughly AED 9 700–11 000 a month. A non-resident puts down from 40% (AED 940 000) and pays about AED 7 200–8 200 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 94 000 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, yes: the 10-year Golden Visa is granted for property from AED 2 000 000, and this lot is priced at AED 2 350 000. 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 NP3-109388 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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