SLS
1 BR · Apartment
About the building
76-storey mixed-use complex in Business Bay, completed in 2020. Developer — World of Wonders Real Estate Development. Architect — Next Engineering Consultants.
What the building has
- Swimming pool
- Gym
- Spa and sauna
- Parking
- Restaurants
Specifications for SLS Dubai Hotels & Residences per Propsearch and the Dubai Land Department. They describe the whole building, not the individual unit.
Where it is
Business Bay
The canal district next to Downtown: conceived as offices, built mostly as apartments, now one of the most tenanted parts of the city.
- central location at a discount
- short-let on the canal
- deep tenant demand
What to check: Quality varies enormously between towers here. Walk the building on a normal weekday and get three years of service charge history before you offer — in Business Bay the building matters far more than the district average.
Full district guide →Questions and answers about lot P4-108948
How much is this 1-bedroom apartment in SLS?
Lot P4-108948 is priced at AED 4 410 000, about $1 201 000. The listing does not state a size, so no price per square foot is given.
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.
How does this price compare with other lots in SLS?
The database holds 11 lots in SLS right now, from AED 4 410 000 to AED 8 428 000. 9 of them share this type and bedroom count: this lot is the cheapest.
What are prices like in Business Bay?
The database holds 329 lots in Business Bay. The area median is AED 2 843 per sq ft. This lot's size is not stated, so its price per sq ft cannot be compared with the area. 113 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
Business Bay area guide →Is the property ready or still under construction?
The listing gives no handover date. The project passport gives 2020 as the completion year.
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 882 000; a loan of AED 3 528 000 over 25 years at 3.75–4.99% a year comes to roughly AED 18 100–20 600 a month. A non-resident puts down from 40% (AED 1 764 000) and pays about AED 13 600–15 500 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 176 400 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 4 410 000. 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 SLS?
The building has 76 floors and 946 units. Completion year: 2020. Figures are from the project passport: Propsearch and the Dubai Land Department.
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 P4-108948 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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