National Properties, the real estate arm of Shari'a-compliant savings company National Bonds, has completed 399 Hills Park in Dubai Hills Estate and started handing homes over to buyers. The developer announced the milestone on 21 October 2026. The AED 1 billion project has 399 homes across two towers. The tower that was offered for sale is fully sold, and National Properties is keeping the second tower as a rental investment.
Credit: National Properties
399 Hills Park: Key Facts
| Project | 399 Hills Park |
|---|---|
| Developer | National Properties, a subsidiary of National Bonds Corporation |
| Location | Dubai Hills Estate, Dubai, off Al Marabea Street with retail facing the boulevard |
| Milestone | Completion and start of handover announced on 21 October 2026 |
| Project value | AED 1 billion |
| Homes | 399 residential units across two towers, plus ground-floor retail |
| Sales status | The tower offered for sale is fully sold. The second tower is being kept by National Properties as an income-generating asset |
| Unit types | One, two and three-bedroom apartments. The May 2023 launch release gave sizes of about 915–1,255 sq ft (1BR), 1,411–2,075 sq ft (2BR) and 2,007–2,459 sq ft (3BR) |
| Launch | May 2023, with completion then scheduled for Q4 2025 and a 10/30/60 payment plan (10% deposit, 30% during construction, 60% on handover) |
| Amenities | Temperature-controlled pools, gyms, saunas and steam rooms, a padel court, basketball facilities, club lounges, a children's splash area, indoor and outdoor play zones, multipurpose rooms, landscaped spaces and rooftop BBQ terraces |
From Launch to Handover
National Properties launched 399 Hills Park in May 2023 as an AED 1 billion, two-tower project in the centre of Dubai Hills Estate. The launch payment plan put 60% of the price on handover, which appealed to buyers who wanted to pay most of the price at completion or with a mortgage. Completion was first scheduled for Q4 2025. Handover has now started, in October 2026.
"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," said Mohammed Qasim Al Ali, Group CEO of National Bonds. He added that keeping the second tower builds "recurring income for the Mudaraba portfolio that underpins returns for our savers."
National Properties' earlier Dubai projects include Casa Familia, Casa Flores and Eden Apartments in Motor City, Skycourts Towers and Andalusia villas. The company recently launched an AED 500 million Grade A commercial tower in Barsha Heights, which it also plans to hold for income.
Credit: National Properties
Why Dubai Hills Estate Matters
Dubai Hills Estate is one of Dubai's most established family communities. It sits between Al Khail Road and Umm Suqeim Street, close to Downtown Dubai, Business Bay and Dubai Marina. Residents have Dubai Hills Mall, Dubai Hills Park, the 18-hole Dubai Hills golf course, schools and King's College Hospital nearby. Apartment demand is driven mainly by end users and long-term tenants, which helps keep occupancy steady.
The handover also fits a wider pattern. Dubai Land Department data shows 104 projects worth more than AED 111 billion were completed in the first half of 2026, so a steady flow of new ready homes is reaching the market.
What the Handover Means for Owners, Buyers and Investors
If you own a unit at 399 Hills Park: expect a completion notice and final statement. On the 10/30/60 launch plan, the 60% balance falls due now. Typical next steps are arranging mortgage drawdown or the final payment, a snagging inspection, DEWA and cooling connections, paying service charges, and moving from Oqood (off-plan registration) to a title deed with the Dubai Land Department. If you plan to let the unit, register the tenancy on Ejari.
If you want to buy: the sale tower is sold out, so any homes you can buy now will be resales. Buying a completed building lets you inspect the actual unit, view and finishes, and removes construction risk. Some owners may sell to avoid the handover payment, so compare asking prices with recent Dubai Hills Estate transactions.
If you are an investor: two towers delivered together, one of them run by the developer as a rental building, means a block of new rental supply arrives at the same time. Price the first lease realistically and check what nearby Dubai Hills towers achieve. Once the building settles, the large layouts should suit families looking for space.
On developer track record: National Properties has now delivered its flagship Dubai Hills project and is keeping half of it as a long-term asset, which is useful context when you weigh its future launches.
Talk to Luxwell Real Estate
Looking for a ready apartment in Dubai Hills Estate, or need help letting or reselling a newly handed-over unit at 399 Hills Park? Luxwell Real Estate is a boutique luxury brokerage based in Churchill Executive Tower, Business Bay. We can share current resale availability and rental comparables for 399 Hills Park and nearby buildings.
- Call: +971 50 856 2749
- WhatsApp: +971 50 856 2749
- Email: info@luxwellrealestate.com
- Website: www.luxwellrealestate.com
Based on National Properties' completion and handover announcement of 21 October 2026 and its May 2023 launch announcement. Unit sizes are the launch-release figures and may differ from final layouts. Check title, service charges and any outstanding payments with the Dubai Land Department before you buy.
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Frequently Asked Questions
Has 399 Hills Park been completed?
- Yes. National Properties announced on 21 October 2026 that 399 Hills Park in Dubai Hills Estate is complete and that handover to buyers has started.
How many homes are in 399 Hills Park?
- The AED 1 billion project has 399 residential units across two towers, with retail at ground level. It offers one, two and three-bedroom apartments.
Can I still buy from the developer at 399 Hills Park?
- The tower offered for sale is fully sold. National Properties is keeping the second tower as an income-generating rental asset, so buyers now need to look at resale units.
What amenities does 399 Hills Park have?
- Temperature-controlled swimming pools, gyms, saunas and steam rooms, a padel court, basketball facilities, club lounges, a children's splash area, indoor and outdoor play zones, multipurpose rooms, landscaped outdoor spaces and rooftop BBQ terraces.
What was the payment plan at launch?
- At its May 2023 launch, 399 Hills Park was sold on a 10/30/60 plan: 10% deposit, 30% during construction and 60% on handover. Completion was originally scheduled for Q4 2025.
Who is the developer of 399 Hills Park?
- National Properties, the real estate subsidiary of National Bonds Corporation. Its earlier Dubai projects include Casa Familia, Casa Flores and Eden Apartments in Motor City, Skycourts Towers and Andalusia villas.
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