The Roof Residence
2 BR · Apartment
Where it is
The pin is placed by district — I send the exact address on request.
Nad Al Sheba
Old-established, low-density and quietly central — villa plots and new gated communities on the Downtown side of the desert edge.
- space near the centre
- quiet family living
- value versus Meydan
What to check: Listings here mix decades-old plots with brand-new gated communities, and they are entirely different markets. Establish which one you are looking at before comparing prices or assuming comparables apply.
Full district guide →Questions and answers about lot NP4-246476
How much is this 2-bedroom apartment in The Roof Residence?
Lot NP4-246476 is priced at AED 2 299 000, about $626 000. The size is 1 274 sq ft (118 m²), which works out at AED 1 805 per sq ft.
How much has the price of this lot been cut?
The price before the cut was AED 2 990 000; it is now AED 2 299 000 — AED 691 000 less, or 23%.
Is this expensive or cheap for Nad Al Sheba?
The database holds 18 lots in Nad Al Sheba, starting from AED 2 299 000. The area median is AED 2 386 per sq ft; this lot, at AED 1 805, is 24% below it. 8 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
Nad Al Sheba 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 460 000; a loan of AED 1 839 000 over 25 years at 3.75–4.99% a year comes to roughly AED 9 500–10 700 a month. A non-resident puts down from 40% (AED 920 000) and pays about AED 7 100–8 100 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 91 960 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 2 299 000. 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 NP4-246476 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
Video: The Roof Residence
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