Penthouse 500 м² in Dubai, UAE (United Arab Emirates)

5 238 595 $

10 477 $ /м²

4OVRB

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Area

500 м²

Bedrooms

Bathrooms

Luxury penthouse for sale in Dubai

Offered by Driven Properties, this 4 bedroom penthouse is located in IL Primo, Downtown Dubai. Property Details: * Under Construction * View: Burj Khalifa and Fountain View * Kitchen: Open and fully equipped * Bathrooms: 5 * Size: 5383 sq ft * Parking: 3 * Furnished: None Features: * Gym and pool * Pets allowed * Children's playground * Public park * Public transportation * Shops * Restaurants * Shopping mall * Public parking Downtown Dubai is the bustling tourist hub of the city. It is home to the Burj Khalifa skyscraper with its observation deck and the dancing Dubai Fountain, where crowds gather to watch music and light shows. For more information or viewing call our Business Bay office at +97144297040, after hours or weekends call +971553658402. Ask us about: * Mortgage advice * Property management * Holiday homes * Interior design Visit our offices in Dubai's most popular neighborhoods including: * Business Bay * Dubai Creek Harbour * Jumeirah Village Circle * Dubai Hills Estate

Additional details

Property type

Residential Properties

Object type

Penthouse

Price

5 238 595 $

FAQ

In UAE (United Arab Emirates) a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Dubai; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.

Banks in UAE (United Arab Emirates) finance 50–70% of the property value for non-residents with rates of 3–5% for 20–30 years. A life insurance policy and a 30–40% down payment are usually required. Terms and programs vary by city and bank.

Expected expenses: transfer tax 0–15%, registration 0.5–2%, notary 0.5–1.5%, agent commission 0–3%. In total 2–20% on top of the purchase price. Exact rates depend on region, property type and programs.

A title search at the land registry of UAE (United Arab Emirates) takes 10–15 business days. You receive ownership, encumbrance and tax clearance certificates. Documents are translated and reviewed by a lawyer before signing.

Yes. Rental income tax is 5–25% depending on the regime. In Dubai short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.

Yes. An inspection costs about 0.5–1% of the price (5 238 595 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.

A typical transaction runs 30–90 days, averaging 45 in Dubai: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).