Al Hamri
1 BR · Apartment · 2 bathrooms
Price history
Listed since 5 October 2026. The price has been cut once — dates and figures from the listing itself.
- 10 October 2026 AED 1 974 000
- 15 October 2026 AED 1 875 000 -5%
Where it is
The pin is placed by district — I send the exact address on request.
Palm Jumeirah
The palm-shaped island: villas on the fronds, apartments along the trunk, resorts around the crescent.
- short-let income
- beachfront living
- capital preservation
What to check: Confirm in writing that the specific building permits holiday lets before you underwrite any short-let income, and model summer and winter occupancy separately — beach-driven demand falls sharply from June to September.
Full district guide →Questions and answers about lot NP4-509887
How much is this 1-bedroom apartment in Al Hamri?
Lot NP4-509887 is priced at AED 1 875 000, about $511 000. The size is 744 sq ft (69 m²), which works out at AED 2 520 per sq ft.
Has the price of this lot been cut?
Yes. The listing history shows the price going from AED 1 974 000 to AED 1 875 000: AED 99 000 less, or 5%. It was cut once. On the market since 5 October 2026.
Is this expensive or cheap for Palm Jumeirah?
The database holds 213 lots in Palm Jumeirah, starting from AED 1 220 000. The area median is AED 4 171 per sq ft; this lot is at AED 2 520. A gap that wide usually means an error in the listing rather than a real price difference — I will check it when you ask. 29 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
Palm Jumeirah 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 375 000; a loan of AED 1 500 000 over 25 years at 3.75–4.99% a year comes to roughly AED 7 700–8 800 a month. A non-resident puts down from 40% (AED 750 000) and pays about AED 5 800–6 600 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 75 000 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 the lot clears the classic threshold for the two-year residence visa, AED 750 000. It is AED 125 000 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 does the seller say about the property itself?
From the listing: bathrooms — 2.
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 NP4-509887 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
Video: Al Hamri
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Nearby in Palm Jumeirah
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