Palace Residence Building 1
2 BR · Apartment · 2 bathrooms
Price history
Listed since 21 September 2026. The price has been cut once — dates and figures from the listing itself.
- 5 October 2026 AED 2 899 999
- 17 October 2026 AED 2 798 888 -3%
Where it is
The pin is placed by district — I send the exact address on request.
Dubai Hills Estate
Emaar’s flagship family masterplan: a golf course, a park, a mall and schools, eleven minutes from Downtown.
- families with children
- long-term holds
- reliable community management
What to check: Confirm what is still under construction around your specific phase — parts of the masterplan were finished years ago and others are active sites, and the difference in daily life and achievable rent is large.
Full district guide →Questions and answers about lot NP4-515918
How much is this 2-bedroom apartment in Palace Residence Building 1?
Lot NP4-515918 is priced at AED 2 798 888, about $762 000. The size is 1 169 sq ft (109 m²), which works out at AED 2 394 per sq ft.
Has the price of this lot been cut?
Yes. The listing history shows the price going from AED 2 899 999 to AED 2 798 888: AED 101 111 less, or 3%. It was cut once. On the market since 21 September 2026.
Is this expensive or cheap for Dubai Hills Estate?
The database holds 106 lots in Dubai Hills Estate, starting from AED 1 240 000. The area median is AED 2 535 per sq ft; this lot, at AED 2 394, is 6% below it. 26 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
Dubai Hills Estate 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 111 956 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 2 798 888. 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 NP4-515918 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
Video: Palace Residence Building 1
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