−3% Al Jazi Building 1
2 BR · Apartment
About the building
A residential building in Al Jazi. Developer — Meraas Holding.
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 NP9-108667
How much is this 2-bedroom apartment in Al Jazi Building 1?
Lot NP9-108667 is priced at AED 3 650 000, about $994 000. The size is 1 110 sq ft (103 m²), which works out at AED 3 288 per sq ft.
How much has the price of this lot been cut?
The price before the cut was AED 3 750 000; it is now AED 3 650 000 — AED 100 000 less, or 3%.
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 3 288, is 8% 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 →Is the property ready or still under construction?
According to the listing, the property is ready.
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 730 000; a loan of AED 2 920 000 over 25 years at 3.75–4.99% a year comes to roughly AED 15 000–17 100 a month. A non-resident puts down from 40% (AED 1 460 000) and pays about AED 11 300–12 800 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 146 000 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 3 650 000. The threshold is measured by the Dubai Land Department valuation, not the contract, and only freehold qualifies.
Golden Visa and residence visas →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 NP9-108667 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
Video: Al Jazi Building 1
Reviews from the English YouTube channel — each one with a written breakdown on this site.
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