399 Hills Park: National Properties’ latest real estate launch
The real estate market in Dubai is brimming with possibilities for investors. Whether it’s ready units or off-plan properties, the options to expand your investment portfolio are vast and significant. But if you’re on the lookout for an exceptional off-plan opportunity to invest in, the recently launched 399 Hills Park by National Properties (part of the National Bond Corporation) is definitely worthy of consideration. Here’s everything you need to know about this exciting new off-plan development.
399 HILLS PARK BY NATIONAL PROPERTIES
Located in Dubai Hills Estate, this off-plan development aims to provide “elevated urban living” with residences spread across two stylish mid-rise buildings. The development will feature 1, 2 and 3-bed spacious apartments alongside state-of-art facilities for those in search of an upscale lifestyle.
To learn more about 399 Hills Park Dubai and gain greater insights into all that it offers, we sat down with Faisal Khokhar, Sales Director – New Homes Residential at JLL, the lead-appointed agent by National Properties. Let’s see what he had to say.
Q – THERE’S NO DOUBT THAT 399 HILLS PARK IS AN EXTREMELY IMPRESSIVE DEVELOPMENT, BUT IF YOU COULD NAME ONE ASPECT THAT MAKES THE PROJECT TRULY STAND OUT FROM THE CROWD, WHAT WOULD THAT BE?
I would say it’s the well-planned layouts and sizes of the units ranging from 949 sq. ft. to 2,328 sq. ft. If we look at the average size of the apartments in 399 Hills Park, these apartments are considerably bigger than the average for the area. We capitalised on the lack of supply of bigger residential units to provide end users with a good-sized home. It also provides a fantastic opportunity for investors who are looking for attractive returns on their investments.
Q – WHAT MAKES 399 HILLS PARK DUBAI PARTICULARLY CONDUCIVE TO A FAMILY-FRIENDLY LIFESTYLE?
It has everything a family would look for. From multipurpose rooms you can use for events and celebrations to kids’ play areas, both indoors and outdoors, where the children can have a good time any time of the year – 399 Hills Park by National Properties has been designed with the needs of modern families in mind. There are a variety of other amenities that will add value to everyday family life, including sports courts, a rooftop barbecue terrace, green spaces, and separate sauna and steam rooms for men and women.
Q – ARE YOU OFFERING ANY PAYMENT PLANS FOR INTERESTED INVESTORS?
Yes, we are currently offering a 40/60 payment plan. Buyers will have to pay 10% + 4% to sign the SPA, then 5% every quarter for 18 months. The remaining payment is to be made on handover.
Q – THE DUBAI REAL ESTATE MARKET IS BRIMMING WITH PRIME INVESTMENT OPPORTUNITIES – WHAT FACTORS MAKE 399 HILLS PARK AN ESSENTIAL CHOICE FOR PROPERTY INVESTORS?
We are offering one of the most attractive payment plans in the market right now. Also, the size of these residential units makes a huge impact on investment prospects. With there being a lack of supply and huge demand for larger units, investors can command higher rents on these properties in the future. Plus, our price per sq. ft. is currently lower than the average price per sq. ft. in Dubai Hills Estate.
Q – WITH LUXURY BEING FOCAL TO THE PROJECT, WHAT DOES 399 HILLS PARK OFFER TO THOSE INTERESTED IN UPGRADING THEIR LIFESTYLE?
As I mentioned before, it’s a community designed to cater to the needs of the modern-day luxurious lifestyle. From spacious apartments and amenities that guarantee comfort for all to the soon-to-come retail units – 399 Hills Park by National Properties will embody convenience and luxury. You’ll have everything in the vicinity, and you don’t need to leave.
Q – HOW DO YOU THINK 399 HILLS PARK’S LOCATION WILL ADD VALUE TO ANYONE WHO BUYS A PROPERTY IN THE PROJECT?
Dubai Hills Estate is arguably the hottest community in Dubai right now. That said, it also enjoys a central location, making it very convenient for residents to get to anywhere in Dubai. Prominent locations such as Downtown Dubai, Dubai Marina and Palm Jumeirah are accessible within a 20-minute driving distance.
ABOUT NATIONAL PROPERTIES
Part of the National Bonds Corporation, National Properties is a leading UAE-government-backed real estate developer and property manager with a mandate to invest in driving the nation forward. Since 2007, they’ve successfully delivered more than 3,200 units, including apartments, luxury villas, retail units and more.
National Bonds Corporation is a Shariah-compliant investment company that provides investment and saving solutions with the objective of wealth creation aligned with the financial objectives of the UAE government.
For those interested in buying real estate in Dubai, here are some important answers that you may need before taking the leap.
FREQUENTLY ASKED QUESTIONS ABOUT BUYING PROPERTY IN DUBAI
CAN FOREIGNERS INVEST IN DUBAI REAL ESTATE?
Yes. Both resident and non-resident foreigners can buy an apartment in Dubai. However, interested individuals must follow the rules for foreigners to buy property in Dubai to see the process through.
ARE THERE ANY OTHER PROPERTY LAUNCHES IN DUBAI THAT I SHOULD BE AWARE OF?
There are new real estate projects being launched in Dubai almost every month. Take a look at the hottest new Dubai property launches for March 2023 as options.
IS BUYING OFF-PLAN PROPERTIES IN DUBAI A SMART INVESTMENT?
Like everything else in the market, buying off-plan properties in Dubai comes with its own set of risks and rewards. The prevailing market condition and construction delays are some things to consider when investing in off-plan properties.
