Silver Park Residency
1 BR · Apartment
About the building
6-storey residential building in International City 2. Developer — Manjothi Real Estate Development. Architect — Corporate Planners Engineering Consultants.
What the building has
- Park and landscaping
Where it is
The pin is placed by project — accurate to the development, not the door.
International City
Country-themed low-rise clusters on the eastern edge: the cheapest freehold property in Dubai, and the highest headline yields.
- highest headline yields
- lowest ticket size in Dubai
- experienced yield investors
What to check: Condition varies enormously between clusters and buildings, and parts of the district have a history of maintenance and drainage problems. Inspect physically and examine the owners association position — this is not a district to buy on paper.
Full district guide →Questions and answers about lot NP7-341497
How much is this 1-bedroom apartment in Silver Park Residency?
Lot NP7-341497 is priced at AED 895 000, about $244 000. The size is 720 sq ft (67 m²), which works out at AED 1 243 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.
How does this price compare with other lots in Silver Park Residency?
The database holds 2 lots in Silver Park Residency right now, all at AED 895 000. 2 of them share this type and bedroom count: this lot is the cheapest.
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 179 000; a loan of AED 716 000 over 25 years at 3.75–4.99% a year comes to roughly AED 3 700–4 200 a month. A non-resident puts down from 40% (AED 358 000) and pays about AED 2 800–3 100 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 35 800 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 1 105 000 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 Silver Park Residency?
The building has 6 floors and 78 units. The developer is Manjothi Real Estate Development. Figures are from the project passport: Propsearch and the Dubai Land Department.
Silver Park Residency project page →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 NP7-341497 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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