−8% Address Dubai Mall (Kempinski)
Studio
About the building
Located in Downtown Dubai, completed in 2020. Developer — Emaar Properties. Architect — Dewan Architects & Engineers.
What the building has
- Swimming pool
- Children's area
- Parking
- Shops
Specifications for Address Dubai Mall per Propsearch and the Dubai Land Department. They describe the whole building, not the individual unit.
Where it is
Downtown Dubai
The Burj Khalifa district — the most recognisable address in the emirate and the densest piece of it.
- short-let income
- a landmark address
- fast resale
What to check: The service charge here is among the highest in Dubai and in older towers it has climbed faster than rent. Calculate your yield after the charge, not before, and ask for three years of charge history before making an offer.
Full district guide →Questions and answers about lot NP8-510832
How much is this studio in Address Dubai Mall (Kempinski)?
Lot NP8-510832 is priced at AED 2 200 000, about $599 000. The size is 739 sq ft (69 m²), which works out at AED 2 977 per sq ft.
How much has the price of this lot been cut?
The price before the cut was AED 2 400 000; it is now AED 2 200 000 — AED 200 000 less, or 8%.
Is this expensive or cheap for Downtown Dubai?
The database holds 162 lots in Downtown Dubai. The area median is AED 3 502 per sq ft; this lot, at AED 2 977, is 15% below it. 35 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
Downtown Dubai area guide →Is the property ready or still under construction?
According to the listing, the property is ready. The project passport gives 2020 as the completion year.
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 440 000; a loan of AED 1 760 000 over 25 years at 3.75–4.99% a year comes to roughly AED 9 000–10 300 a month. A non-resident puts down from 40% (AED 880 000) and pays about AED 6 800–7 700 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 88 000 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 2 200 000. 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 Address Dubai Mall (Kempinski)?
The building has 79 floors. The developer is Emaar. Completion year: 2020. 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 NP8-510832 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
Video: Address Dubai Mall (Kempinski)
Reviews from the English YouTube channel — each one with a written breakdown on this site.
Nearby in Downtown Dubai
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