−13% Al Jazi Building 1
2 BR · Apartment · 3 bathrooms
Price history
Listed since 15 September 2026. The price has been cut once — dates and figures from the listing itself.
- 13 October 2026 AED 3 900 000
- 20 October 2026 AED 3 400 000 -13%
About the building
A residential building in Al Jazi. Developer — Meraas Holding.
Where it is
Madinat Jumeirah Living
Madinat Jumeirah Living: a low-rise Arabesque community opposite Burj Al Arab, and one of the few genuinely walkable places in Dubai.
- walkable low-rise living
- end-user resale demand
- long-term holds
What to check: Orientation within the courtyard matters more than floor level here, and afternoon sun exposure varies considerably between buildings. View at the time of day you would actually use the terrace.
Full district guide →Questions and answers about lot NP4-525668
How much is this 2-bedroom apartment in Al Jazi Building 1?
Lot NP4-525668 is priced at AED 3 400 000, about $926 000. The size is 1 119 sq ft (104 m²), which works out at AED 3 038 per sq ft.
Has the price of this lot been cut?
Yes. The listing history shows the price going from AED 3 900 000 to AED 3 400 000: AED 500 000 less, or 13%. It was cut once. On the market since 15 September 2026.
How does this price compare with other lots in Al Jazi Building 1?
The database holds 3 lots in Al Jazi Building 1 right now, from AED 3 400 000 to AED 9 500 000. 2 of them share this type and bedroom count: this lot is the cheapest. At AED 3 038 per sq ft this lot is level with the median for the other lots in the project (AED 3 096).
Is this expensive or cheap for Madinat Jumeirah Living?
The database holds 53 lots in Madinat Jumeirah Living, starting from AED 1 975 000. The area median is AED 3 055 per sq ft; this lot, at AED 3 038, is level with it. 14 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
Madinat Jumeirah Living 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 680 000; a loan of AED 2 720 000 over 25 years at 3.75–4.99% a year comes to roughly AED 14 000–15 900 a month. A non-resident puts down from 40% (AED 1 360 000) and pays about AED 10 500–11 900 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 136 000 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 3 400 000. 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 — 3.
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 NP4-525668 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
Video: Al Jazi Building 1
Reviews from the English YouTube channel — each one with a written breakdown on this site.
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