399 Hills Park Property Development By National Properties (LLC)

Last Updated on: 13th November 2024, 02:47 am

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The 399 Hills Park property development by National Properties (LLC) signifies a remarkable leap in luxury real estate within Dubai’s prestigious Hills Estate. As a subsidiary of National Bonds Corporation, National Properties (LLC) specializes in crafting high-end living solutions that meet community requirements. The firm boasts a robust portfolio of successful residential property developments, including notable projects like Skycourts Towers and The Motor City Green Community. With a commitment to delivering innovative real estate options, the company aims to create affordable, strategically located, and functional properties tailored to a diverse clientele.

The 399 Hills Park project will offer an array of amenities aimed at enhancing life for its residents, fostering a sense of community surrounded by lush greenery and tranquil views. Anticipated to commence construction in Q4 2025, this exciting development comprises a variety of residential units including one, two, and three-bedroom apartments, ensuring there is something to suit everyone’s needs¹²³.

Key Takeaways

• 399 Hills Park is positioned in Dubai Hills Estate, a sought-after residential area.
• National Properties (LLC) has a notable history, having developed over six projects since 2007.
• The property development features a diverse range of living options aimed at families and individuals alike.
• The project aims for a family-friendly atmosphere with modern amenities and communal spaces.
• Availability of various payment plans provides flexibility for potential investors.
• Projected completion is set for Q4 2025.

About 399 Hills Park Development

The 399 Hills Park Development by National Properties (LLC) is a remarkable multi-building complex situated in the luxurious Dubai Hills Estate. This location is known for its modern amenities and lush surroundings, contributing to an upscale quality of life for residents. With a total of 399 high-quality residential units, the project offers a variety of options, including one-, two-, and three-bedroom apartments that cater to a range of living demands. The development emphasizes health, wellness, and leisure as core aspects of its community living experience.

Overview of National Properties (LLC)

National Properties (LLC) is recognizable for its commitment to delivering premier real estate solutions, notably in the evolving landscape of Dubai. Their projects prioritize luxurious living and sustainability, aiming to enhance the lifestyle of their residents. The 399 Hills Park Development illustrates this vision with its stellar design and architecture that harmonizes with the environment.

Location and Significance in Dubai Hills Estate

Positioned within the sought-after Dubai Hills Estate, the project boasts close proximity to essential amenities, parks, and recreational areas. This vibrant community enhances the living experience for residents, with attractions such as an 18-hole Championship Golf Course and various leisure facilities. The property’s strategic location ensures reduced commute times to key destinations like the Dubai Mall and Palm Jumeirah, translating to quick access to the heart of the city.

Project Specifications and Structure

The project consists of two main towers, reaching 17 and 16 stories high, alongside two basement levels designated for parking. It includes an estimated 399 apartments featuring flexible sizes ranging from 655 to 2,291 square feet, tailored for both comfort and elegance. Construction, which commenced in February 2023, is anticipated to wrap up by October 2025, providing timely completion to prospective investors. The various project specifications emphasize luxurious living with amenities such as a swimming pool, gym, barbecue facilities, and children’s play areas⁴⁵.

The 399 Hills Park Development exemplifies the blend between urban living and natural beauty, enveloping its residents in a lifestyle enriched with luxury and convenience⁴⁵.

Features and Amenities of 399 Hills Park

399 Hills Park stands out with exceptional offerings designed to elevate your living experience. The development features a variety of available units, ensuring that potential residents can find the perfect match for their lifestyle and family size.

Details on Available Units and Layouts

The range of available units includes 1, 2, and 3-bedroom apartments, with sizes ranging from 949 sq. ft. to 2,328 sq. ft. This flexibility allows families to choose layouts that best suit their needs. Notably, the average sales price for a 2-bedroom apartment is AED 2,773,000, while a 3-bedroom unit averages AED 3,839,000⁶.

Luxury Amenities and Community Spaces

Residents of 399 Hills Park can indulge in numerous luxury amenities designed for comfort and leisure. The property includes both indoor and outdoor living spaces, a rooftop patio with a dining area and barbecue facilities, as well as tennis courts and community parks. Such amenities foster a vibrant community atmosphere, enhancing the overall living experience.Explore more about these community spaces.

Family-Friendly Environment

The family-friendly environment is at the heart of 399 Hills Park’s design, with extensive green spaces and children’s play areas supporting outdoor activities. Additionally, residents can enjoy leisure facilities such as paddle tennis courts and yoga lawns, promoting an active and healthy lifestyle for everyone in the family⁷.

Investment Potential of 399 Hills Park

Investing in 399 Hills Park offers promising real estate investment opportunities for potential buyers. With a strategic location in Dubai Hills Estate, this development stands out due to its attractive payment plans and anticipated appreciation.

Real Estate Investment Opportunities

The project features a unique payment plan, requiring a 10% down payment, with 4% for signing the Sale and Purchase Agreement. Following that, buyers make 5% quarterly payments for 18 months, with 60% due upon handover⁸. Similar to competitors, the price per square foot for 399 Hills Park is AED 1700, which is approximately 300-400 less than many Emaar properties⁹. This price advantage enhances the investment appeal substantially. Additionally, the size of the residential units ranges from 949 sq. ft. to 2,328 sq. ft., larger than the area average, which draws the attention of both end-users and investors⁸.

Projected Rental Yields and ROI

Projected rental yields for Dubai Hills Estate are impressive, around 8% for long-term rentals and as high as 12% for short-term options⁹. The continuous demand for larger units due to limited availability and high quality of amenities is likely to contribute to future rental price increases⁸. Investors can also expect a forecasted appreciation of 25-30% on the asking price during the construction phase, leading to significant potential return on investment⁹.

Payment Plans and Financing Options

Potential investors will find the financing options at 399 Hills Park favorable. National Properties offers a structured 40/60 payment plan, with 60% of the cost to be settled upon property handover in Q1 2025⁹. The pricing strategy, combined with the luxurious amenities and proximity to prime areas like Downtown Dubai and Dubai Marina, establishes a solid foundation for investors looking for lucrative real estate investment opportunities⁹.

Conclusion

The 399 Hills Park development by National Properties (LLC) represents an impressive leap forward in luxury residential living within Dubai Hills Estate. As part of an expansive area renowned for its lush landscape of 14.5 million square meters, this project showcases exceptional design and amenities tailored for modern living. Its location not only offers stunning views but also integrates seamlessly with the essential services and community spaces that families seek.

Investors looking at 399 Hills Park should consider its investment potential, enriched by a robust real estate market where properties are rapidly appreciating. The demand is underscored by the fact that Dubai Hills Estate features around 30,000 properties across a diverse range of residential formats, ensuring a continually evolving living environment. Additionally, with starting prices for apartments beginning at AED 620,000, affordability makes it attractive for a variety of buyers.

As construction progresses, the ongoing development will further position 399 Hills Park as a must-see project for prospective homeowners and investors alike. The allure of this luxury residential development, combined with available amenities and community-focused designs, solidifies its status as a top contender in one of Dubai’s most desirable locales, proving to be a wise choice for those considering an investment in this vibrant area.

For further details regarding locally regulated areas, you can refer to the official park rules and regulations here¹⁰¹¹¹².

Source Links

1. https://www.propertyfinder.ae/en/new-projects/national-properties-llc/399-hills-park
2. https://ulo.ae/object/399-hills-park-id-509/
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4. https://propsearch.ae/dubai/399-hills-park
5. https://off-planproperties.ae/projects/399-hills-park-dubai-hills/
6. https://www.bayut.com/buildings/399-hills-park/
7. https://www.binayah.com/dubai-projects/399-hills-park-at-dubai-hills-estate/
8. https://www.bayut.com/mybayut/399-hills-park-by-national-properties/
9. https://www.offplandubai.ae/399-dubai-hills-park/
10. https://topluxuryproperty.com/blog/why-invest-in-dubai-hills-estate/
11. https://mountainjournal.org/appearance-of-famous-jackson-hole-grizzly-399-demands-human-reflection
12. https://www.archives.gov/research/jfk/warren-commission-report/chapter-4.html