National Properties, the real estate arm of National Bonds, has confirmed that 97% of construction is complete on its flagship mixed-use development, 399 Hills Park, located within Dubai Hills Estate. The project has now entered its final delivery stage ahead of handover.
This progress aligns with continued demand for high-quality residential assets in Dubai, as the emirate further consolidates its positioning as a global hub for premium living and long-term property investment.
The development comprises 399 residential units across two modern towers, with a total value exceeding AED1 billion ($272.2 million). It has been conceptualised to offer a lifestyle-centric environment, supported by landscaped surroundings and community-focused design elements.
Market response has remained strong, with one of the towers—allocated for sale—fully sold out, reflecting sustained investor interest and robust end-user demand for strategically located, high-quality housing.
As part of its long-term asset strategy, National Properties will retain ownership of the second tower as a recurring income asset, strengthening its portfolio of premium residential investments and ensuring stable returns aligned with its Mudaraba framework.
Group CEO Mohammed Qasim Al Ali highlighted the strength of Dubai’s real estate sector, noting that market fundamentals remain highly favourable, supported by ongoing demand across both residential and commercial segments. He emphasised that 2025 marked a record year for Dubai’s residential market, driven by growth in both transaction value and volume.
He added that total sales exceeded AED540 billion, reflecting an annual increase of approximately 25%, while transaction volumes crossed 200,000, up around 18% year-on-year. More than 70% of activity was attributed to off-plan transactions, signalling continued investor confidence and strong appetite for new developments.
The project will offer residents access to a wide range of curated lifestyle and wellness amenities, including swimming pools, sauna and steam facilities, a paddle court, fully equipped fitness centres, club lounges, children’s splash zones, dedicated indoor and outdoor play areas, and rooftop barbecue terraces.
Extensive landscaped recreational zones are also integrated into the development, enhancing liveability and supporting a dynamic, family-oriented community environment.
Al Ali noted that the project reflects the company’s long-term commitment to developing and retaining premium residential communities that cater to evolving lifestyle needs while delivering sustained value for investors.
He further indicated that National Bonds is preparing to launch additional real estate developments in response to growing demand for high-quality residential and commercial assets.
