Photos and renders of the building and grounds — not of this particular unit.
The Crestmark
1 BR · Apartment
About the building
22-storey residential building in Business Bay. Developer — Ellington Properties Development. Architect — Gulf Engineering & Consultants.
What the building has
- Parking
Where it is
Business Bay
The canal district next to Downtown: conceived as offices, built mostly as apartments, now one of the most tenanted parts of the city.
- central location at a discount
- short-let on the canal
- deep tenant demand
What to check: Quality varies enormously between towers here. Walk the building on a normal weekday and get three years of service charge history before you offer — in Business Bay the building matters far more than the district average.
Full district guide →Questions and answers about lot NP5-107305
How much is this 1-bedroom apartment in The Crestmark?
Lot NP5-107305 is priced at AED 2 296 828, about $625 000. The size is 995 sq ft (92 m²), which works out at AED 2 308 per sq ft.
Is there a discount on this lot?
There is no recorded price cut: the lot is in the database at the seller's asking price. The comparisons below show how that price sits against the market.
How does this price compare with other lots in The Crestmark?
The database holds 5 lots in The Crestmark right now, from AED 1 350 828 to AED 5 500 000. At AED 2 308 per sq ft this lot is 20% below the median for the other lots in the project (AED 2 896).
Is this expensive or cheap for Business Bay?
The database holds 360 lots in Business Bay. The area median is AED 2 873 per sq ft; this lot, at AED 2 308, is 20% below it. 107 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
Business Bay area guide →Can this lot be bought with a mortgage, and what would the payment be?
UAE banks lend on ready homes, and the listing does not confirm that this property is ready. If it has been handed over, the numbers are: a resident puts down from 20%, here AED 459 000; a loan of AED 1 837 000 over 25 years at 3.75–4.99% a year comes to roughly AED 9 400–10 700 a month. A non-resident puts down from 40% (AED 919 000) and pays about AED 7 100–8 000 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 91 873 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 2 296 828. 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 The Crestmark?
The building has 22 floors and 189 units. 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 NP5-107305 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
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