−3% BINGHATTI NOVA
1 BR · Apartment
About the building
A residential building in JVC District 12, completed in 2023. Developer — Binghatti Developers. Architect — Silver Stone Engineering Consultants.
Specifications for Binghatti Nova per Propsearch and the Dubai Land Department. They describe the whole building, not the individual unit.
Where it is
JVC
Jumeirah Village Circle: the highest-volume apartment district in Dubai, and the default answer for yield.
- strong gross yields
- deep tenant demand
- accessible entry prices
What to check: Building quality here ranges from genuinely good to genuinely poor and the district average hides both. Visit on a normal weekday, check the parking and the lifts, and pull three years of service charge history before you offer.
Full district guide →Questions and answers about lot NP3-227501
How much is this 1-bedroom apartment in BINGHATTI NOVA?
Lot NP3-227501 is priced at AED 930 000, about $253 000. 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 962 000; it is now AED 930 000 — AED 32 000 less, or 3%.
What are prices like in JVC?
The database holds 265 lots in JVC. The area median is AED 2 229 per sq ft. This lot's size is not stated, so its price per sq ft cannot be compared with the area. 147 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
JVC 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 186 000; a loan of AED 744 000 over 25 years at 3.75–4.99% a year comes to roughly AED 3 800–4 300 a month. A non-resident puts down from 40% (AED 372 000) and pays about AED 2 900–3 300 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 37 200 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 1 070 000 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 BINGHATTI NOVA?
The developer is Binghatti. Completion year: 2023. Figures are from the project passport: Propsearch and the Dubai Land Department.
BINGHATTI NOVA 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 NP3-227501 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
Video: BINGHATTI NOVA
Reviews from the English YouTube channel — each one with a written breakdown on this site.
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