399 Hills Park: National Properties Begins Buyer Handover
Photo: Imre Solt / Wikimedia Commons (CC BY-SA 3.0)
Key takeaways
- National Properties has completed 399 Hills Park and begun handing over homes in its fully sold sales tower.
- The Dubai Hills Estate development contains 399 residential units across two towers and is valued at AED 1 billion.
- National Properties is retaining the second tower to generate recurring income.
Buyers at 399 Hills Park are beginning to receive the residences they purchased in the project’s fully sold sales tower.
What has been completed at 399 Hills Park?
National Properties is the real-estate subsidiary of National Bonds, the Shari’a-compliant savings and investment company. Its flagship residential and retail development in Dubai Hills Estate contains 399 residential units across two towers.
National Properties describes 399 Hills Park as part of its long-term investment strategy, while the handover marks its transition from a development project to a residential community.
| Key measure | Reported value |
|---|---|
| Residential units | 399 |
| Towers | 2 |
| 399 Hills Park development value | AED 1 billion |
| Dubai projects finished in the first half of 2026 | 104 |
| Combined value of those Dubai projects | More than AED 111 billion |
| Recent National Properties commercial tower | AED 500 million |
| Equivalent reported value of that commercial tower | US$136 million |
How strong were sales, and what happens to the second tower?
National Properties says every unit in the tower designated for sale has been taken up. Homeowners in that tower are now receiving their new homes, with Mohammed Qasim Al Ali’s statement referring to families receiving the keys to their new homes.
The company will retain the second tower as an income-generating asset. Al Ali said the decision is also building recurring income for the Mudaraba portfolio that underpins returns for National Bonds savers.
The handover announcement concerns completed residences rather than a new off-plan launch, and neither report provides individual unit prices or details of the transactions.
The two reports also disclose no project-specific payment plan, handover schedule, escrow arrangement or buyer-protection mechanism. They therefore do not establish how buyers financed their purchases, whether any unit-level delays occurred or what recourse would apply if delivery obligations were disputed.
How does the handover fit the wider Dubai market?
According to Zawya, citing Dubai Land Department data, 104 developments worth more than AED 111 billion were finished during the first half of 2026.
National Properties recently launched a Grade A income-generating commercial tower in Barsha Heights, valued by Zawya at AED 500 million and by ME Construction News at US$136 million. The launch expanded the developer’s portfolio into the commercial segment.
National Properties develops residential projects across Dubai, a point reflected in the site’s Dubai market coverage. Its Dubai activity also sits within the wider United Arab Emirates market coverage.
The company states that its long-term objective is to create innovative developments offering a high standard of living in well-located properties.
What amenities are included, and what did the developer say?
Shared facilities include temperature-controlled pools, equipped fitness centres, saunas, steam rooms, padel and basketball courts, residents’ lounges, a children’s splash area, indoor and outdoor play areas, multi-use rooms, landscaped grounds and roof barbecue terraces. The reports also describe landscaped outdoor spaces with panoramic views.
These are described as residential amenities rather than paid amenities or separate services, although the reports do not state their operating arrangements.
Zawya identifies the announcement as a third-party press release, states that it was not edited and says the publication does not guarantee its accuracy or endorsement.
National Bonds’ group chief executive connected the handover with families receiving keys to their new homes and with the company’s decision to retain the second tower for recurring portfolio income.
"The completion and handover of 399 Hills Park represents an important achievement for National Properties and reinforces our commitment to developing high-quality real estate assets that deliver sustainable value." — Mohammed Qasim Al Ali, Group CEO of National Bonds
Sources
- National Properties begins handover of 399 Hills Park — meconstructionnews.com, 2026-10-22
- National Properties completes AED 1bln 399 Hills Park in ... — zawya.com, 2026-10-21
