−3% Banyan Tree Residences
2 BR · Apartment · 3 bathrooms
Price history
Listed since 9 October 2026. The price has been cut once — dates and figures from the listing itself.
- 11 October 2026 AED 6 000 000
- 24 October 2026 AED 5 800 000 -3%
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
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 NP4-542370
How much is this 2-bedroom apartment in Banyan Tree Residences?
Lot NP4-542370 is priced at AED 5 800 000, about $1 579 000. The size is 2 885 sq ft (268 m²), which works out at AED 2 010 per sq ft.
Has the price of this lot been cut?
Yes. The listing history shows the price going from AED 6 000 000 to AED 5 800 000: AED 200 000 less, or 3%. It was cut once. On the market since 9 October 2026.
Is this expensive or cheap for JLT?
The database holds 74 lots in JLT. The area median is AED 1 860 per sq ft; this lot, at AED 2 010, is 8% above it. 23 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 1 740 000; a loan of AED 4 060 000 over 25 years at 3.75–4.99% a year comes to roughly AED 20 900–23 700 a month. A non-resident puts down from 40% (AED 2 320 000) and pays about AED 17 900–20 300 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 232 000 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 5 800 000. 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 — 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 NP4-542370 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
Reviews from the English YouTube channel — each one with a written breakdown on this site.
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