The 8
1 BR · Apartment
About the building
8-storey mixed-use complex in The Palm Crescent, completed in 2019. Developer — IFA Hotels & Resorts. Architect — National Engineering Bureau.
What the building has
- Swimming pool
- Gym
- Parking
- 24/7 security
- Restaurants
- Beach
- Sports courts
- Barbecue area
- Park and landscaping
Where it is
Palm Jumeirah
The palm-shaped island: villas on the fronds, apartments along the trunk, resorts around the crescent.
- short-let income
- beachfront living
- capital preservation
What to check: Confirm in writing that the specific building permits holiday lets before you underwrite any short-let income, and model summer and winter occupancy separately — beach-driven demand falls sharply from June to September.
Full district guide →Questions and answers about lot NP9-108315
How much is this 1-bedroom apartment in The 8?
Lot NP9-108315 is priced at AED 2 987 000, about $813 000. The listing does not state a size, so no price per square foot is given.
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 The 8?
The database holds 5 lots in The 8 right now, from AED 2 987 000 to AED 6 200 000. 2 of them share this type and bedroom count: this lot is the cheapest.
What are prices like in Palm Jumeirah?
The database holds 247 lots in Palm Jumeirah, starting from AED 1 250 000. The area median is AED 4 202 per sq ft. This lot's size is not stated, so its price per sq ft cannot be compared with the area. 29 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
Palm Jumeirah area guide →Is the property ready or still under construction?
According to the listing, the property is ready. The project passport gives 2019 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 597 000; a loan of AED 2 390 000 over 25 years at 3.75–4.99% a year comes to roughly AED 12 300–14 000 a month. A non-resident puts down from 40% (AED 1 195 000) and pays about AED 9 200–10 500 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 119 480 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 2 987 000. 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 The 8?
The building has 8 floors. Completion year: 2019. Figures are from the project passport: Propsearch and the Dubai Land Department.
The 8 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 NP9-108315 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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