Riwa Building 2
1 BR · Apartment
About the building
Located in Madinat Jumeirah Living.
Where it is
Madinat Jumeirah Living
Madinat Jumeirah Living: a low-rise Arabesque community opposite Burj Al Arab, and one of the few genuinely walkable places in Dubai.
- walkable low-rise living
- end-user resale demand
- long-term holds
What to check: Orientation within the courtyard matters more than floor level here, and afternoon sun exposure varies considerably between buildings. View at the time of day you would actually use the terrace.
Full district guide →Questions and answers about lot NP9-108534
How much is this 1-bedroom apartment in Riwa Building 2?
Lot NP9-108534 is priced at AED 3 285 000, about $894 000. The size is 724 sq ft (67 m²), which works out at AED 4 537 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.
Is this expensive or cheap for Madinat Jumeirah Living?
The database holds 50 lots in Madinat Jumeirah Living, starting from AED 2 050 000. The area median is AED 3 055 per sq ft; this lot, at AED 4 537, is 49% above it. 7 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
Madinat Jumeirah Living 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 657 000; a loan of AED 2 628 000 over 25 years at 3.75–4.99% a year comes to roughly AED 13 500–15 300 a month. A non-resident puts down from 40% (AED 1 314 000) and pays about AED 10 100–11 500 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 131 400 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, yes: the 10-year Golden Visa is granted for property from AED 2 000 000, and this lot is priced at AED 3 285 000. 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 Riwa Building 2?
The project has 79 units. Figures are from the project passport: Propsearch and the Dubai Land Department.
Riwa Building 2 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 NP9-108534 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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