Al Haseen Residence
1 BR · Apartment
About the building
7-storey residential building in Saih Shuaib 2, completed in 2020. Developer — Dugasta Properties.
What the building has
- Swimming pool
- Parking
Where it is
Dubai Industrial City
An industrial zone between Jebel Ali Port and Al Maktoum Airport, where housing is not the point of the district but an appendage to the work.
- high percentage yield
- a tenant from the business next door
- the lowest entry price
What to check: This is an industrial zone with housing attached, not a residential district: demand rests on the employment of specific businesses around you. Check the land designation on the property, what is built across the road, and how varied the zone's tenants are — your rental income depends on it.
Full district guide →Questions and answers about lot NP9-108529
How much is this 1-bedroom apartment in Al Haseen Residence?
Lot NP9-108529 is priced at AED 1 300 000, about $354 000. The size is 753 sq ft (70 m²), which works out at AED 1 726 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.
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 260 000; a loan of AED 1 040 000 over 25 years at 3.75–4.99% a year comes to roughly AED 5 300–6 100 a month. A non-resident puts down from 40% (AED 520 000) and pays about AED 4 000–4 600 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 52 000 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 the lot clears the classic threshold for the two-year residence visa, AED 750 000. It is AED 700 000 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 Al Haseen Residence?
The building has 7 floors and 138 units. The developer is Dugasta Properties. Completion year: 2020. Figures are from the project passport: Propsearch and the Dubai Land Department.
Al Haseen Residence 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 NP9-108529 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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