−4% Seagate Building 1
2 BR · Apartment
About the building
Located in Rashid Yachts & Marina. Developer — Emaar Properties. Architect — Studio International Engineer Constultants.
Where it is
The pin is placed by project — accurate to the development, not the door.
Mina Rashid
The old Port Rashid, being converted by Emaar into a waterfront district with a superyacht marina and the QE2 in the harbour.
- central waterfront at a discount
- ten-year regeneration holds
- Emaar delivery
What to check: Check what is planned on the plots between your building and the water. In a phased waterfront masterplan, a front-row position today can become second row once the next phase completes.
Full district guide →Questions and answers about lot NP4-572291
How much is this 2-bedroom apartment in Seagate Building 1?
Lot NP4-572291 is priced at AED 2 550 000, about $694 000. The size is 1 163 sq ft (108 m²), which works out at AED 2 193 per sq ft.
How much has the price of this lot been cut?
The price before the cut was AED 2 650 000; it is now AED 2 550 000 — AED 100 000 less, or 4%.
How does this price compare with other lots in Seagate Building 1?
The database holds 2 lots in Seagate Building 1 right now, from AED 2 299 999 to AED 2 550 000. 2 of them share this type and bedroom count: this lot is the most expensive.
Is this expensive or cheap for Mina Rashid?
The database holds 21 lots in Mina Rashid, starting from AED 1 536 000. The area median is AED 2 064 per sq ft; this lot, at AED 2 193, is 6% above it. 15 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
Mina Rashid 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 510 000; a loan of AED 2 040 000 over 25 years at 3.75–4.99% a year comes to roughly AED 10 500–11 900 a month. A non-resident puts down from 40% (AED 1 020 000) and pays about AED 7 900–8 900 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 102 000 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 2 550 000. 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 Seagate Building 1?
The building has 6 floors. Figures are from the project passport: Propsearch and the Dubai Land Department.
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 NP4-572291 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
Video: Seagate Building 1
Reviews from the English YouTube channel — each one with a written breakdown on this site.
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