Park Tower A by Damac
1 BR · Apartment
About the building
Located in Dubai International Financial Centre, completed in 2011. Developer — Damac Properties. Architect — Gensler MDS Architects.
What the building has
- Shops
- Restaurants
Where it is
The pin is placed by project — accurate to the development, not the door.
DIFC
The financial free zone: English common law, its own courts, and the densest concentration of offices, art and restaurants in the city.
- walk-to-work professionals
- high-covenant tenants
- urban living
What to check: Property inside the free zone is registered under DIFC law with the DIFC Registrar rather than solely with the Dubai Land Department. Establish which side of the boundary your building sits on and use a conveyancer who has done DIFC transactions.
Full district guide →Questions and answers about lot NP7-341496
How much is this 1-bedroom apartment in Park Tower A by Damac?
Lot NP7-341496 is priced at AED 1 750 000, about $477 000. The size is 943 sq ft (88 m²), which works out at AED 1 856 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 DIFC?
The database holds 13 lots in DIFC, starting from AED 1 750 000. The area median is AED 5 385 per sq ft; this lot is at AED 1 856. A gap that wide usually means an error in the listing rather than a real price difference — I will check it when you ask. 4 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
DIFC area guide →Is the property ready or still under construction?
The listing gives no handover date. The project passport gives 2011 as the completion year.
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 350 000; a loan of AED 1 400 000 over 25 years at 3.75–4.99% a year comes to roughly AED 7 200–8 200 a month. A non-resident puts down from 40% (AED 700 000) and pays about AED 5 400–6 100 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 70 000 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 the lot clears the classic threshold for the two-year residence visa, AED 750 000. It is AED 250 000 short of the 10-year Golden Visa, granted from AED 2 000 000. 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 Park Tower A by Damac?
The building has 49 floors. The developer is Damac. Completion year: 2011. 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 NP7-341496 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
Nearby in DIFC
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