Palace Villas Ostra (distress)
6 BR · Villa
About the building
Located in The Oasis by Emaar.
Specifications for Ostra Palace Villas per Propsearch and the Dubai Land Department. They describe the whole building, not the individual unit.
Where it is
The Oasis
Emaar’s luxury water-led masterplan on the far west: large villas and mansions, positioned above Dubai Hills.
- large luxury villas
- water-frontage plots
- long-horizon end users
What to check: This is an early-stage masterplan a long way from the centre. Confirm what water features and parkland are contracted for your specific phase, and be realistic that liquidity at handover will be thin until the community matures.
Full district guide →Questions and answers about lot NP6-247473
How much is this 6-bedroom villa in Palace Villas Ostra (distress)?
Lot NP6-247473 is priced at AED 22 500 000, about $6 127 000. The size is 14 900 sq ft (1 384 m²), which works out at AED 1 510 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.
Is this expensive or cheap for The Oasis?
The database holds 9 lots in The Oasis, starting from AED 15 000 000. The area median is AED 1 659 per sq ft; this lot, at AED 1 510, is 9% below it. 2 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
The Oasis 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 30%, here AED 6 750 000; a loan of AED 15 750 000 over 25 years at 3.75–4.99% a year comes to roughly AED 81 000–92 000 a month. A non-resident puts down from 40% (AED 9 000 000) and pays about AED 69 400–78 800 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 900 000 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 22 500 000. 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 Palace Villas Ostra (distress)?
The project has 526 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 NP6-247473 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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