1-Bedroom Apartment in Claydon House by Ellington, Meydan – 11.1% Below OP + DLD

Property Overview

This 1-bedroom off-plan apartment in Claydon House by Ellington, Meydan, Dubai, is offered at AED 1,420,000 for 813.64 sq ft of built-up area. The agent states this is 11.1% below the original price plus DLD of AED 1,597,261, a difference of AED 177,261. That works out to about AED 1,745 per sq ft. The seller has paid 45% of the original price.

Property Highlights

• Property type: 1-bedroom apartment
• Building: Claydon House, Meydan
• Developer: Ellington Properties
• Built-up area: 813.64 sq ft
• Asking price: AED 1,420,000
• Original price plus DLD (agent-stated): AED 1,597,261
• Discount to OP plus DLD: AED 177,261 (11.1%)
• Implied original price before DLD: approx. AED 1,535,828
• Discount to OP before DLD: approx. AED 115,828 (7.5%)
• Price per sq ft: approx. AED 1,745
• Amount paid (agent-stated): 45%
• Payment split (agent-stated): AED 575,295 to seller, AED 844,705 to developer

Why the Price Qualifies as Below OP

The agent gives AED 1,597,261 as the original price plus DLD. AED 1,597,261 minus AED 1,420,000 gives a difference of AED 177,261, or 11.1%, matching the agent's figure. That benchmark equals about 1.04 times AED 1,535,828, and the AED 844,705 developer balance is 55% of the same figure, consistent with 45% paid. The implied original purchase price before DLD is therefore about AED 1,535,828.

On that basis the asking price is also about AED 115,828 (7.5%) below the original purchase price alone, so the Below OP classification holds on either reading. Buyers should confirm the original price and DLD paid against the Sale and Purchase Agreement (SPA). The comparison does not claim the unit is below current market value.

About the Project, Developer and Community

Claydon House is a residential project by Ellington Properties in Meydan, within Mohammed Bin Rashid City, Dubai. It offers 1- to 4-bedroom apartments, with published 1-bedroom layouts of about 767 to 881 sq ft. Marketed amenities include a community lagoon, an adult lap pool, indoor and outdoor yoga studios, boxing and fitness facilities, a cinema room, a library, co-working spaces and a ground-floor retail promenade. Published project schedules show completion in Q4 2027.

Layout, Floor and View

The agent brief confirms a 1-bedroom layout of 813.64 sq ft, which falls within the published 1-bedroom range. The floor, view, bathroom count and parking were not supplied and are not stated here. Request the floor plan to confirm the layout.

Payment Plan and Handover

The agent states 45% has been paid. Of the AED 1,420,000 asking price, AED 575,295 is payable to the seller and AED 844,705 remains payable to Ellington. The handover date for this unit was not supplied; buyers should confirm it, along with the instalment schedule and transfer requirements, using the SPA and an Ellington statement of account.

Location and Connectivity

Meydan is part of Mohammed Bin Rashid City, south of Business Bay and Downtown Dubai, near Al Khail Road. DPF does not quote travel times without a verified source.

Verification Notes

• Agent-supplied facts: building, 1-bedroom type, 813.64 sq ft built-up area, asking price, AED 1,597,261 original price plus DLD, 11.1% discount, 45% paid and the seller and developer payment split.
• DPF-calculated figures: AED 177,261 difference, approximately AED 1,745 per sq ft, implied AED 1,535,828 original price before DLD and the 7.5% discount on that figure.
• External research: project facts from a property portal project page. The brief listed the location as Dubai Design District; published project data places Claydon House in Meydan.
• Not supplied: unit number, floor, view, bathrooms, parking and handover date.