Keys hand over at Hills Park as Dubai families move in
Homeowners receive keys as 399 Hills Park completion ends a long wait
For the families now collecting keys to their new apartments in Dubai Hills Estate, a long wait has ended. National Properties, the real estate subsidiary of the Shari’a-compliant savings and investment company National Bonds, has announced the completion of 399 Hills Park and the start of handover to buyers. A construction site has become a place people will actually call home.
The development comprises 399 residential units across two towers. Demand ran strong. The tower designated for sale sold out entirely, and homeowners there are now receiving their residences. The second tower will not go to buyers at all: in line with its long-term investment strategy, National Properties is keeping it as an income-generating asset.
For the people behind the project, the moment carries a meaning beyond bricks and balconies. Mohammed Qasim Al Ali, Group CEO of National Bonds, said the completion and handover represent an important achievement for National Properties and reinforce the company’s commitment to developing high-quality real estate assets that deliver sustainable value. “At National Bonds, we believe disciplined saving is what turns life goals into reality, and owning a home remains one of the most important of those goals for people in the UAE,” he said. “Seeing families receive the keys to their new homes is a powerful reflection of that purpose.” He added that by retaining the second tower, the company is also building recurring income for the Mudaraba portfolio that underpins returns for its savers.
Once settled in, residents will find a range of lifestyle and wellness amenities waiting for them: temperature-controlled swimming pools, fully equipped gyms, saunas and steam rooms, a padel court, basketball facilities and club lounges. Families with children get practical touches as well, including a children’s splash area, indoor and outdoor play zones and multipurpose rooms. Landscaped outdoor spaces and roof BBQ terraces give residents somewhere to unwind, with panoramic views over the surrounding district.
Meanwhile, the handover arrives at a busy moment for Dubai’s property market. According to Dubai Land Department data, 104 projects valued at more than AED 111 billion were completed in the first half of 2026, a sign of the sector’s continued growth. For National Properties specifically, the milestone follows the recent launch of an AED 500 million Grade A income-generating commercial tower in Dubai’s Barsha Heights, extending the company’s reach into the commercial segment.
The company behind the project is a subsidiary of National Bonds Corporation, the leading Sharia-compliant savings and investment company, and focuses principally on developing residential real estate across Dubai. It is known for high-end living projects and owns prominent developments including Casa Familia, Casa Flores and Eden Apartments in Motor City, Skycourts Towers and Andalusia villas, alongside other income-generating assets. Its long-term objective is to create innovative developments offering a high standard of living in well-located properties.
With keys changing hands and the second tower set to generate steady income, 399 Hills Park now shifts from development project to living community within Dubai Hills Estate, strengthening National Properties’ growing portfolio of real estate developments and investments. Further details on the announcement can be found at https://www.zawya.com/en/press-release/companies-news/national-properties-completes-aed-1bln-399-hills-park-in-dubai-hills-estate-and-commences-handover-to-buyers-1811422.
Q&A
What has happened at 399 Hills Park?
National Properties, the real estate subsidiary of National Bonds, has completed 399 Hills Park and begun handing over apartments to buyers in Dubai Hills Estate.
How many units are there and what happens with the second tower?
The development has 399 residential units across two towers. The tower designated for sale sold out entirely and those homeowners are receiving their residences, while the second tower is being kept by National Properties as an income-generating asset.
What amenities await residents once settled in?
They include temperature-controlled swimming pools, fully equipped 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 roof BBQ terraces with panoramic views.
What does the handover say about Dubai's wider property market?
According to Dubai Land Department data, 104 projects valued at more than AED 111 billion were completed in the first half of 2026, and National Properties recently launched an AED 500 million Grade A commercial tower in Barsha Heights.