National Properties Llc
Searching for National Properties distress deals or National Properties below market properties? This guide covers the National Bonds real estate arm behind 399 Hills Park in Dubai Hills Estate, explains motivated seller and urgent sale listings, and sets out the Oqood, NOC and outstanding payment plan checks before a below original price or cash buyer purchase.
Developer overview
National Properties is the real estate subsidiary of National Bonds, a Shari'a-compliant investment company. That parentage shapes how it works. Rather than selling everything it builds, National Properties develops homes and commercial space as part of a long-term investment portfolio, and it can keep part of a project as an income-producing asset.
The company does not run a standalone website that we could find. Its announcements are published as press releases on the National Bonds website, which is the first-party source used for this page. The releases quote Mohammed Qasim Al Ali, who leads the wider National Bonds group as chief executive, and say National Properties is growing its Dubai holdings across homes, offices and mixed-use schemes.
DPF's internal record uses the slug "national-properties-llc", which matches how the developer is often written on property portals.
Portfolio and locations
National Properties' current public announcements centre on two Dubai projects.
- 399 Hills Park, Dubai Hills Estate – the company's flagship residential and retail development, made up of two contemporary towers in a landscaped setting. In April 2026 National Bonds reported the project was in its final phase ahead of handover. One tower was designated for sale and has sold; the second is being retained by National Properties as an income-generating asset. Residents get swimming pools, sauna and steam rooms, a padel court, gyms, club lounges, a children's splash area, indoor and outdoor play zones and rooftop barbecue terraces. DPF currently has a one-bedroom listing here. See Dubai Hills Estate listings.
- Grade A office tower, Barsha Heights – announced in March 2026 and designed by NORR Architects & Engineers, with office floors, podium-level shops and cafes and a gym. National Bonds said construction was expected to start in early Q2 2026, with completion anticipated in Q4 2028. See the Barsha Heights area guide.
The two projects show the company's mix: homes in an established master community, and offices in a business district beside Sheikh Zayed Road, close to Dubai Internet City and Dubai Media City.
Property types
For home buyers, National Properties' relevant stock is the apartments at 399 Hills Park. Its newer Barsha Heights project is commercial office space. Because the second Hills Park tower is being held by the developer, resale supply at 399 Hills Park comes mainly from owners in the tower that was sold.
What buyers should verify
- Which tower. Confirm that the unit is in the tower sold to individual buyers, and that the Oqood or title deed names the correct building.
- Handover and title. Check with the Dubai Land Department whether the building has completed and whether a title deed has replaced the Oqood.
- Payment position. If the seller bought off-plan, ask for a developer statement of the payment plan and the amount still outstanding.
- Neighbouring tenants. With the second tower held as a rental asset, ask how shared facilities and building management are arranged between the two towers.
- Resale NOC. Confirm how National Properties issues a NOC and what it requires before transfer.
- Snagging. For a recently completed unit, ask whether the seller has completed a snagging inspection and whether any defects remain open.
Finding distressed and below-market National Properties properties
Because the sale tower at 399 Hills Park has sold out, any new opportunity comes from existing owners. Around handover, investors face a choice: pay the final balance and hold, or sell. Those who would rather not fund the last payment may become motivated sellers, and some advertise an urgent sale.
Asking below original price, or below OP, means pricing under the seller's contract price with the developer. Below market value means pricing under recent resales of similar apartments in the same development. Before completion, the buyer usually takes over the outstanding payment plan along with the Oqood; after completion, the sale transfers like any ready property once the NOC is issued and the Dubai Land Department registers it.
A cash buyer can sometimes settle the seller's remaining balance in one step and close faster, but the paperwork steps do not change. DPF brings these listings together so buyers can compare them, and does not set prices or vouch for sellers' claims.
Frequently asked questions
Who owns National Properties?
National Properties is the real estate subsidiary of National Bonds, a Shari'a-compliant investment company.
Where is 399 Hills Park?
It is in Dubai Hills Estate. National Bonds describes it as two towers with homes and retail.
Can I buy directly from National Properties at 399 Hills Park?
The developer says the tower designated for sale has sold, so units are generally available through resale.
Can I buy National Properties property below the original price?
Some owners list 399 Hills Park homes under their purchase price. DPF does not set prices or promise outcomes, so check the tower, handover status and any outstanding balance first.