Photos and renders of the building and grounds — not of this particular unit.
Boutique 23
Studio
About the building
24-storey residential building in Culture Village. Developer — LMD. Architect — CVTEC Consulting Engineers.
What the building has
- Shops
Where it is
Al Jaddaf
A creekside district between Downtown and the airport: new towers, a healthcare cluster, and a metro station.
- central location at mid-market prices
- metro access
- healthcare and airport tenants
What to check: Al Jaddaf is still developing and towers continue to complete. Check what is under construction on the adjacent plots and what your outlook will be once those buildings top out.
Full district guide →Questions and answers about lot NP9-108515
How much is this studio in Boutique 23?
Lot NP9-108515 is priced at AED 750 000, about $204 000. The size is 398 sq ft (37 m²), which works out at AED 1 884 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.
How does this price compare with other lots in Boutique 23?
The database holds 2 lots in Boutique 23 right now, from AED 700 740 to AED 750 000. 2 of them are studios: this lot is the most expensive.
Is this expensive or cheap for Al Jaddaf?
The database holds 22 lots in Al Jaddaf, starting from AED 700 740. The area median is AED 2 187 per sq ft; this lot, at AED 1 884, is 14% below it. 2 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
Al Jaddaf 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 20%, here AED 150 000; a loan of AED 600 000 over 25 years at 3.75–4.99% a year comes to roughly AED 3 100–3 500 a month. A non-resident puts down from 40% (AED 300 000) and pays about AED 2 300–2 600 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 30 000 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 1 250 000 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 Boutique 23?
The building has 24 floors. The developer is LMD. Figures are from the project passport: Propsearch and the Dubai Land Department.
Boutique 23 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 NP9-108515 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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