Seven Palm Tower 2
Apartment
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 NP9-530682
How much is this apartment in Seven Palm Tower 2?
Lot NP9-530682 is priced at AED 1 430 000, about $389 000. The size is 3 713 sq ft (345 m²), which works out at AED 385 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 Palm Jumeirah?
The database holds 216 lots in Palm Jumeirah, starting from AED 1 220 000. The area median is AED 4 175 per sq ft; this lot is at AED 385. A gap that wide usually means an error in the listing rather than a real price difference — I will check it when you ask. 27 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.
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 286 000; a loan of AED 1 144 000 over 25 years at 3.75–4.99% a year comes to roughly AED 5 900–6 700 a month. A non-resident puts down from 40% (AED 572 000) and pays about AED 4 400–5 000 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 57 200 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 570 000 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 →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 NP9-530682 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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