Oakyard Residences
3 BR · Penthouse · 4 bathrooms
Price history
Listed since 1 October 2026. The price has been cut once — dates and figures from the listing itself.
- 2 October 2026 AED 6 780 000
- 12 October 2026 AED 5 740 000 -15%
Where it is
The pin is placed by district — I send the exact address on request.
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 NP4-496859
How much is this 3-bedroom penthouse in Oakyard Residences?
Lot NP4-496859 is priced at AED 5 740 000, about $1 563 000. The size is 5 645 sq ft (524 m²), which works out at AED 1 017 per sq ft.
Has the price of this lot been cut?
Yes. The listing history shows the price going from AED 6 780 000 to AED 5 740 000: AED 1 040 000 less, or 15%. It was cut once. On the market since 1 October 2026.
Is this expensive or cheap for JVC?
The database holds 262 lots in JVC. The area median is AED 2 229 per sq ft; this lot is at AED 1 017. A gap that wide usually means an error in the listing rather than a real price difference — I will check it when you ask. 144 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 still under construction; the seller gives no handover date — I will confirm it with the developer when you ask.
Can I get a mortgage on this lot while it is still under construction?
During construction the buyer pays the developer under the payment plan — UAE banks grant standard mortgages on ready homes. A loan is possible for the final payment, once the property has its completion certificate.
Mortgage for the final payment →What costs come on top of the price?
The main one is the Dubai Land Department registration fee: 4% of the price, AED 229 600 for this lot. 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 5 740 000. The threshold is measured by the Dubai Land Department valuation, not the contract, and only freehold qualifies.
Golden Visa and residence visas →What does the seller say about the property itself?
From the listing: bathrooms — 4.
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 NP4-496859 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
Video: Oakyard Residences
Reviews from the English YouTube channel — each one with a written breakdown on this site.
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