−5% DUBAI SLS LOFT
1 BR · Apartment
About the building
76-storey mixed-use complex in Business Bay, completed in 2020. Developer — World of Wonders Real Estate Development. Architect — Next Engineering Consultants.
What the building has
- Swimming pool
- Gym
- Spa and sauna
- Parking
- Restaurants
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 NP3-109400
How much is this 1-bedroom apartment in DUBAI SLS LOFT?
Lot NP3-109400 is priced at AED 3 690 000, about $1 005 000. 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 3 881 316; it is now AED 3 690 000 — AED 191 316 less, or 5%.
How does this price compare with other lots in DUBAI SLS LOFT?
The database holds 2 lots in DUBAI SLS LOFT right now, from AED 2 550 000 to AED 3 690 000. 2 of them share this type and bedroom count: this lot is the most expensive.
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. The project passport gives 2020 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 738 000; a loan of AED 2 952 000 over 25 years at 3.75–4.99% a year comes to roughly AED 15 200–17 200 a month. A non-resident puts down from 40% (AED 1 476 000) and pays about AED 11 400–12 900 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 147 600 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 3 690 000. 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 DUBAI SLS LOFT?
The building has 76 floors and 946 units. Completion year: 2020. 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 NP3-109400 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
Video: DUBAI SLS LOFT
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