2-Bedroom + Study in 340 Riverside Crescent, Sobha Hartland 2 – Lagoon Facing, 13.7% Below Original Price

Property Overview

This is an off-plan 2-bedroom plus study apartment in Sobha Realty's 340 Riverside Crescent, Sobha Hartland 2, offered as an urgent distress resale at AED 2,200,000. The agent states the original price was AED 2,550,000, so the asking price is AED 350,000, or 13.7%, below the original price. The 1,131 sq ft unit sits between floors 20 and 30, faces the lagoon and is due for handover in Q4 2027.

Property Highlights

• Asking price: AED 2,200,000 (net price, agent-stated)
• Original price: AED 2,550,000 (agent-stated)
• Saving vs original price: AED 350,000 (13.7%, DPF calculation)
• Saving vs original price plus DLD: AED 452,000 (17.0%, DPF calculation)
• Property type: Apartment, 2 bedrooms plus study
• Size: 1,131 sq ft (agent-stated)
• Price per sq ft: approx. AED 1,945 (DPF calculation)
• Floor: Between 20 and 30
• View: Lagoon facing
• Payment plan: 60/40
• Handover: Q4 2027
• Developer: Sobha Realty

Why the Price Qualifies as Below OP

The agent supplied an original purchase price of AED 2,550,000 and a selling price of AED 2,200,000. DPF calculates the saving as AED 350,000, which is 13.7% below the original price. The agent describes the discount as roughly 14 to 15%; the exact figure on the supplied prices is 13.7%. Adding the 4% DLD fee the original buyer paid (AED 102,000) brings the cost basis to AED 2,652,000, against which the asking price is 17% lower. The original price should be confirmed against the SPA.

About 340 Riverside Crescent

340 Riverside Crescent is an off-plan residential tower by Sobha Realty within Sobha Hartland 2, recognisable by its diamond-shaped design intended to maximise light and views towards the lagoons, golf course and Dubai Creek. Published plans include sky gardens on upper levels, swimming pools, sports courts, jogging tracks, a pet park and a business plaza.

Sobha Hartland 2

Sobha Hartland 2 is a waterfront master community by Sobha Realty in Mohammed bin Rashid City, planned around crystal lagoons, landscaped parks, schools and a mix of apartment towers and villas.

Layout, Floor and View

The agent describes this unit as a 2-bedroom plus study layout of 1,131 sq ft, between floors 20 and 30, facing the lagoon. The exact floor and unit number, bathroom count and parking were not supplied, so buyers should confirm these from the SPA and floor plan.

Payment Plan and Handover

The agent states a 60/40 payment plan with handover in Q4 2027, in line with Sobha's published plan for the project, under which the final 40% falls due on handover. The amount already paid by the seller was not supplied. Buyers should obtain the SPA and a Sobha statement of account to confirm the paid amount, the remaining balance, the handover date and Sobha's transfer requirements, and confirm in writing which fees are payable on top of the net price.

Location and Connectivity

Sobha Hartland 2 sits in Mohammed bin Rashid City off Al Khail Road, with road access towards Downtown Dubai, Business Bay and Ras Al Khor. Specific travel times depend on traffic and route and are not quoted here.

Verification Notes

• Unit facts (price, original price, size, floor range, view, payment plan, handover, urgency, net price) come from the agent brief received on 7 October 2026.
• Savings, DLD fee, OP + DLD total and price per sq ft were calculated by DPF from the agent's figures.
• Project details come from published 340 Riverside Crescent information and describe the development, not this specific unit.
• Buyers should verify the SPA, statement of account, fees and handover date before making an offer.