−6% Millennium Estates
5 BR · Villa
About the community
A residential community in Nad Al Sheba 1, completed in 2016. Developer — G&Co.
Questions and answers about lot NP4-528411
How much is this 5-bedroom villa in Millennium Estates?
Lot NP4-528411 is priced at AED 25 500 000, about $6 943 000. The size is 9 978 sq ft (927 m²), which works out at AED 2 556 per sq ft.
How much has the price of this lot been cut?
The price before the cut was AED 27 000 000; it is now AED 25 500 000 — AED 1 500 000 less, or 6%.
How does this price compare with other lots in Millennium Estates?
The database holds 2 lots in Millennium Estates right now, from AED 21 950 000 to AED 25 500 000. 2 of them share this type and bedroom count: this lot is the most expensive.
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 30%, here AED 7 650 000; a loan of AED 17 850 000 over 25 years at 3.75–4.99% a year comes to roughly AED 91 800–104 200 a month. A non-resident puts down from 40% (AED 10 200 000) and pays about AED 78 700–89 400 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 1 020 000 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 25 500 000. The threshold is measured by the Dubai Land Department valuation, not the contract, and only freehold qualifies.
Golden Visa and residence visas →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 NP4-528411 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
Video: Millennium Estates
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