GEMZ
1 BR · Apartment
About the building
16-storey residential building in Al Furjan, completed in 2025. Developer — Danube Properties Development. Architect — Arec Engineering Consult.
What the building has
- Swimming pool
- Gym
Where it is
JLT
Jumeirah Lake Towers: the cluster grid across the highway from Marina — cheaper, calmer, and with a metro station at each end.
- above-average yields
- metro access
- central location at lower cost
What to check: Quality varies sharply between clusters and between towers within a cluster. Visit the specific building, check where it sits relative to the lake and the metro, and pull the service charge history before you commit.
Full district guide →Questions and answers about lot NP3-109389
How much is this 1-bedroom apartment in GEMZ?
Lot NP3-109389 is priced at AED 1 050 000, about $286 000. 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.
What are prices like in JLT?
The database holds 89 lots in JLT, starting from AED 450 000. The area median is AED 2 035 per sq ft. This lot's size is not stated, so its price per sq ft cannot be compared with the area. 10 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
JLT area guide →Is the property ready or still under construction?
According to the listing, the property is ready. The project passport gives 2025 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 210 000; a loan of AED 840 000 over 25 years at 3.75–4.99% a year comes to roughly AED 4 300–4 900 a month. A non-resident puts down from 40% (AED 420 000) and pays about AED 3 200–3 700 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 42 000 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 the lot clears the classic threshold for the two-year residence visa, AED 750 000. It is AED 950 000 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 GEMZ?
The building has 16 floors and 270 units. The developer is Danube Properties. Completion year: 2025. 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 NP3-109389 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
Nearby in JLT
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