−9% Banyan Tree Residences
3 BR · Apartment · 4 bathrooms
Price history
Listed since 6 October 2026. The price has been cut once — dates and figures from the listing itself.
- 6 October 2026 AED 7 490 000
- 15 October 2026 AED 6 800 000 -9%
About the building
32-storey residential building in Jumeirah Lakes Towers, completed in 2020. Developer — Sweid & Sweid and Banyan Tree. Architect — Brewer Smith Brewer Group.
What the building has
- Swimming pool
- Gym
- Spa and sauna
- Children's area
- Parking
- 24/7 security
- Restaurants
- Sports courts
- Park and landscaping
Specifications for Banyan Tree Residences per Propsearch and the Dubai Land Department. They describe the whole building, not the individual unit.
Where it is
The pin is placed by project — accurate to the development, not the door.
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 NP4-509847
How much is this 3-bedroom apartment in Banyan Tree Residences?
Lot NP4-509847 is priced at AED 6 800 000, about $1 852 000. The size is 2 202 sq ft (205 m²), which works out at AED 3 088 per sq ft.
Has the price of this lot been cut?
Yes. The listing history shows the price going from AED 7 490 000 to AED 6 800 000: AED 690 000 less, or 9%. It was cut once. On the market since 6 October 2026.
Is this expensive or cheap for JLT?
The database holds 68 lots in JLT. The area median is AED 2 043 per sq ft; this lot, at AED 3 088, is 51% above it. 21 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. 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 30%, here AED 2 040 000; a loan of AED 4 760 000 over 25 years at 3.75–4.99% a year comes to roughly AED 24 500–27 800 a month. A non-resident puts down from 40% (AED 2 720 000) and pays about AED 21 000–23 800 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 272 000 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 6 800 000. 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 Banyan Tree Residences?
The building has 32 floors and 235 units. The developer is Sweid & Sweid and Banyan Tree. Completion year: 2020. Figures are from the project passport: Propsearch and the Dubai Land Department.
Banyan Tree Residences project page →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 NP4-509847 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
Video: Banyan Tree Residences
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