1 Bedroom in Claydon House by Ellington, Meydan Horizon at 15.6% Below OP with 45% Paid

Property Overview

This 1-bedroom apartment in Claydon House by Ellington Properties, Meydan Horizon, MBR City, is available as a distress resale at AED 1,350,000. The unit has a built-up area of 814 sq ft. The asking price represents a saving of AED 250,000 (15.6%) against the agent-stated original purchase price of AED 1,600,000. The seller has paid 45% of the payment plan. Handover is expected in Q4 2027.

Property Highlights

• Type: 1-bedroom apartment
• Built-up area: 814 sq ft
• Asking price: AED 1,350,000
• Original price: AED 1,600,000
• Saving from OP: AED 250,000 (15.6%)
• Seller's total loss including DLD: AED 314,000 (18.9%)
• Rate: approximately AED 1,659 per sq ft (BUA)
• Seller's payment progress: 45% paid
• Payment plan: 70/30
• Handover: Q4 2027
• Status: off-plan resale (16% complete)
• Ownership: freehold

Why the Price Qualifies as Below OP

The agent states the original purchase price for this unit was AED 1,600,000. The current asking price of AED 1,350,000 is AED 250,000 lower, a reduction of 15.6% from the original contract value.

Seller's Total Loss Including DLD

The seller paid a 4% DLD transfer fee on the original purchase, estimated at AED 64,000. Adding this to the original price gives an all-in cost of AED 1,664,000. The asking price of AED 1,350,000 represents a total seller loss of AED 314,000, or 18.9% of their total investment. The seller is absorbing nearly one-fifth of their total outlay.

Market Context

The asking price is significantly below all current market benchmarks for 1-bedroom apartments in Claydon House:

• Average 1BR asking price: approximately AED 1,720,000
• Current 1BR listing range: AED 1,530,000 to AED 1,900,000
• Lowest current 1BR listing: AED 1,530,000
• Average 1BR DLD transaction price (12 months): approximately AED 1,630,000
• 1BR launch price: from AED 1,560,000

This listing at AED 1,350,000 is AED 180,000 below the lowest currently listed 1BR, AED 370,000 below the average asking price and AED 280,000 below the average DLD transaction price. It is also AED 210,000 below the 1BR launch price of AED 1,560,000, meaning the buyer acquires below what the developer originally charged at project launch. This is one of the most aggressively priced 1-bedroom resales in the building.

Payment Progress and Buyer Structure

The agent states the seller has paid 45% of the payment plan. Claydon House operates on a 70/30 payment structure: 20% booking deposit, 50% in phased construction instalments (totalling 70% pre-handover) and 30% on handover.

With 45% paid, the seller has covered the 20% booking deposit and approximately 25% in construction instalments. The buyer taking over this unit would be responsible for the remaining 55% of payments, split between the remaining pre-handover instalments and the 30% handover payment.

At the asking price of AED 1,350,000, the remaining 55% equals approximately AED 742,500 in future payments to the developer, while the transfer portion to the seller covers the equity they have built up. Buyers should request the following before committing:

• The seller's full payment history and receipts
• Ellington's confirmation of amounts paid and the remaining instalment schedule
• Whether any NOC fees, assignment fees or service charges apply on top of the AED 1,350,000
• The seller's SPA to confirm the original purchase price of AED 1,600,000

Below Developer Launch Price

Bayut data shows 1-bedroom apartments in Claydon House launched from AED 1,560,000. This listing at AED 1,350,000 is AED 210,000 (13.5%) below the launch price floor. This means the buyer is acquiring a unit for less than the developer originally charged any first buyer at project launch, representing a rare entry point into a new Ellington development.

However, a price this far below launch warrants caution. Buyers should verify the unit's specific details (floor, type, view orientation) and ensure the low price reflects only the seller's distress rather than any issue with the unit itself.

About Claydon House

Claydon House is a residential tower by Ellington Properties located in Meydan Horizon, Mohammed Bin Rashid City. The building comprises a ground floor, 5 podium levels and 38 residential floors (44 storeys total). The development offers 1, 2, 3 and 4-bedroom apartments.

One-bedroom apartments come in five unit types:

• Type B3: 788 sq ft
• Type B: 799 sq ft
• Type A2: 825 sq ft
• Type B1: 829 sq ft
• Type D: 839 sq ft

At 814 sq ft (813.64 sq ft as stated by the agent), this unit falls within the range for the 1-bedroom configurations and is closest to the Type B1 or Type A2 layouts.

Design and Finishes

Ellington Properties is known for design-led developments with attention to interior finishes. Claydon House features premium materials including marble and stone finishes, open-plan layouts and expansive terraces. The development is positioned as waterfront living with direct access to a crystal lagoon.

Amenities

Claydon House features an infinity-edge rooftop swimming pool, a state-of-the-art fitness centre, yoga studio, cinema room, co-working space and lobby lounge, arcade room, children's play area, BBQ area, landscaped gardens, underground parking, high-speed elevators and round-the-clock security with concierge services. Residents also have access to the crystal lagoon within the Meydan Horizon community.

Construction and Handover

Construction is approximately 16% complete as of the most recent data. The agent notes the structure is covered, indicating the building shell has reached an enclosure milestone. Handover is expected in Q4 2027. The project has recorded 50 DLD transactions to date, confirming active buyer interest.

Payment Plan

Ellington's payment plan for Claydon House is structured as 70/30: 20% booking deposit, 50% in phased instalments during the construction period (totalling 70% pre-handover) and 30% on handover.

Location and Connectivity

Claydon House is situated in Meydan Horizon, a waterfront precinct within Mohammed Bin Rashid City. The location offers views of Downtown Dubai, Burj Khalifa and the Ras Al Khor Wildlife Sanctuary. MBR City is one of Dubai's central master-planned communities with direct access to major road networks. Downtown Dubai is approximately 10 to 15 minutes away. Dubai International Airport is approximately 15 to 20 minutes by road. Al Khail Road (E44), Ras Al Khor Road and Dubai-Al Ain Road are all accessible within minutes.

Verification Notes

Unit-specific facts including 1-bedroom configuration, built-up area of 813.64 sq ft (rounded to 814 sq ft), asking price, original purchase price and 45% payment progress are sourced from the agent's brief received on 28 September 2026. The agent states the unit is approximately 15.6% below OP, which is confirmed arithmetically: (1,600,000 minus 1,350,000) divided by 1,600,000 equals 15.625%. The 814 sq ft BUA falls within the 1BR range for Claydon House (768 to 841 sq ft per Bayut data). Bayut data shows current 1BR listings ranging from AED 1,530,000 to AED 1,900,000, with an average of approximately AED 1,720,000. DLD data records an average 1BR transaction price of approximately AED 1,630,000. At AED 1,350,000, this listing is below the lowest current listing (AED 1,530,000) and below the 1BR launch price (AED 1,560,000). The agent's note that the structure is covered indicates a construction milestone but does not contradict the 16% overall completion figure, as structural enclosure is an early-stage milestone. Floor number, view orientation, exact unit type, bathroom count, parking and furnishing status were not stated in the brief and have been omitted. The original purchase price of AED 1,600,000 should be confirmed against the seller's SPA.