What is the asking price of the District 11 retail unit?
The retail unit is offered at AED 3,000,000 for approximately 850 sq ft, about AED 3,529 per sq ft.
Retail Unit in a Luxury Tower, MBR City District 11, AED 3M
AED 3,000,000
| Deal type | Below Market |
| Price | AED 3,000,000 |
| Size | 850 sq.ft |
| Type | Retail |
| Area / Master development | Mohammed Bin Rashid City |
| Sub-community / Phase | District 11 |
| Community | Mohammed Bin Rashid City |
Property Overview
This retail unit of approximately 850 sq ft sits inside a luxury residential tower in District 11, Mohammed Bin Rashid City (Al Meydan), and is offered at AED 3,000,000 as a distress sale. The agent describes it as one of only four retail units in the building. At the stated size, the asking price works out to about AED 3,529 per sq ft.
Property Highlights
- Asking price: AED 3,000,000
- Built-up area: approximately 850 sq ft (agent-stated)
- Asking rate: about AED 3,529 per sq ft
- Type: retail unit inside a luxury residential tower
- Scarcity: one of four retail units in the building (agent-stated)
- Location: District 11, Mohammed Bin Rashid City
Why the Price Is Presented as Below Market
The agent lists this unit as a distress sale but did not supply an original purchase price, a dated DLD transaction or comparable retail sales. DPF has therefore not calculated a discount. The rate of about AED 3,529 per sq ft is a simple division of the asking price by the approximate size and should be compared against recent DLD retail transactions in MBR City before relying on the distress label.
About District 11, Mohammed Bin Rashid City
District 11 is part of Mohammed Bin Rashid City in the Al Meydan area of central Dubai. It is a largely residential district, so retail units inside its residential towers mainly serve the people living in and around them.
Unit and Building
The agent describes the unit as one of four retail units inside a luxury tower. The tower name, floor level, frontage, fit-out condition, permitted use, parking and whether the unit is vacant or leased were not supplied. The agent's note also mentions "direct and covered" without further detail; confirm what this refers to.
Location and Connectivity
MBR City's District 11 lies in the Meydan area with road access to central Dubai. Exact distances and travel times were not supplied and depend on the specific tower.
Verification Notes
- Agent-supplied: price, approximate size, retail type, location in District 11, luxury tower, one of four retail units and distress status.
- Calculated by DPF: approximate rate per sq ft.
- Not supplied: tower name, title deed size, completion status, tenancy, service charges, permitted trade use and any price benchmark.
- Confirm the exact size from the title deed or SPA, as the agent gave an approximate figure.
Frequently asked questions
Where is the retail unit?
It is inside a luxury residential tower in District 11, Mohammed Bin Rashid City, in the Al Meydan area of Dubai. The tower name was not supplied.
How rare is retail in this building?
The agent states it is one of four retail units in the tower.
Is the price below market?
The agent lists it as a distress sale, but no original price, DLD transaction or comparable sales were supplied, so DPF has not calculated a discount.
What should be verified before buying?
Confirm the tower, exact size on the title deed, permitted trade use, tenancy status, service charges and recent DLD retail transactions in MBR City.
Buyer costs
What you will pay
Dubai transfer costs for an ready unit. Every figure editable — NOC is set by the developer and varies.
Status not confirmed for this unit. It changes the NOC and trustee fees — confirm before relying on the total.
AED
| Sale price | — |
| DLD transfer fee | — |
| NOC fee | — |
| Trustee / registration | — |
| Agency fee | — |
| VAT on agency (5%) | — |
Total cost
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Full payment schedule and unit details are released to qualified buyers on enquiry.
Indicative only and not a quotation. Excludes any balance payable to the developer, mortgage arrangement costs and service charges.
Finance
Mortgage estimate
Indicative monthly repayment on a UAE bank mortgage.
AED
| Down payment | — |
| Loan amount | — |
| Total interest | — |
| Total repaid | — |
Monthly payment
—
Indicative only, not an offer of finance and not advice. UAE loan-to-value caps depend on residency, property value and whether it is your first purchase, with tighter limits on off-plan. Rates move; confirm current terms with your bank or broker.
Read our full property verification methodology →
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