−4% Sobha Verde
1 BR · Apartment
About the building
68-storey residential building in Jumeirah Lakes Towers. Developer — Sobha Realty. Architect — PNC Architects.
What the building has
- Parking
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 NP3-325087
How much is this 1-bedroom apartment in Sobha Verde?
Lot NP3-325087 is priced at AED 1 600 074, about $436 000. 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 1 664 077; it is now AED 1 600 074 — AED 64 003 less, or 4%.
How does this price compare with other lots in Sobha Verde?
The database holds 2 lots in Sobha Verde right now, from AED 1 500 000 to AED 1 600 074. 2 of them share this type and bedroom count: this lot is the most expensive.
What are prices like in JLT?
The database holds 72 lots in JLT. The area median is AED 1 860 per sq ft. This lot's size is not stated, so its price per sq ft cannot be compared with the area. 20 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.
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 320 000; a loan of AED 1 280 000 over 25 years at 3.75–4.99% a year comes to roughly AED 6 600–7 500 a month. A non-resident puts down from 40% (AED 640 000) and pays about AED 4 900–5 600 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 64 003 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 399 926 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 Verde?
The building has 68 floors. The developer is Sobha Realty. 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 NP3-325087 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
Video: Sobha Verde
Reviews from the English YouTube channel — each one with a written breakdown on this site.
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