AED 17,500,000 was AED 21,500,000
| Deal type | Below Market |
| Price | AED 17,500,000 |
| Original price | AED 21,500,000 |
| Saving | AED 4,000,000 (18.6%) |
| Type | Residential Plot |
| Status | Ready |
| Developer | Meydan (Dubai Holding) |
| Area / Master development | Mohammed Bin Rashid City |
| Community | District One |
A residential villa plot in District One (Al Merkadh zone), Mohammed Bin Rashid City at AED 17,500,000, 18.6% below the agent-stated market value of AED 21,500,000, saving AED 4,000,000. Plot area 6,334 sqft at AED 2,763 per sqft. Freehold. Near the Crystal Lagoon. Net to owner. Motivated seller.
The 6,333 to 6,334 sqft plot is a standard configuration in District One. Competing plots of the identical size are listed at AED 20,500,000 to AED 22,000,000 (AED 3,237 to AED 3,474 per sqft). At AED 17,500,000 (AED 2,763 per sqft), this listing is:
This is a significant and verifiable discount. The agent's AED 21,500,000 benchmark sits in the middle of the active listing range and is credible.
Property Finder reports 304 sale transactions in District One over the past 12 months, though volume is down 52.6% year on year. Recent built villa transactions (land plus villa) show prices of AED 1,859 to AED 2,520 per sqft. Raw land plots trade at a premium because the buyer controls the design and specification of the villa. The AED 2,763 per sqft asking for this raw plot is above the built villa range, which is typical: a completed villa at AED 2,200 per sqft includes a builder's margin and older specification, while a new custom build on a premium plot near the lagoon would target a higher completed value.
Building envelope: Basement + Ground + 2 Floors + Roof. On a 6,334 sqft plot, estimated BUA of 6,000 to 10,000 sqft depending on plot coverage ratio. Estimated additional costs for a high-end custom villa:
A completed villa of 8,000 sqft BUA on this plot, at the District One average of AED 2,207 per sqft (built), would have an indicative value of approximately AED 17,656,000. At premium spec near the lagoon, values could reach AED 25,000,000 to AED 35,000,000 for larger BUA with high-end finishes.
A gated villa community developed by Meydan (now part of Dubai Holding) within Mohammed Bin Rashid City. The community was master-planned around the Crystal Lagoon, a man-made beach and lagoon facility. District One Villas (189 villas in the first phase) began handovers in 2017. The community includes 7 km of cycling and jogging tracks, a boardwalk, parks, and proximity to the Meydan Racecourse. Accessible via Al Khail Road and Mohammed bin Zayed Road. Approximately 10 minutes to Downtown Dubai. Freehold ownership.
The asking price (AED 17,500,000), plot size (6,334 sqft), NTO terms, Crystal Lagoon proximity and motivated seller status are from the agent brief. The AED 21,500,000 market benchmark is verified against active listings of the same size (AED 20,500,000 to AED 22,000,000). The 18.6% discount is credible and independently confirmed. The building envelope (B+G+2+Roof) is confirmed by active listings. The exact plot number and precise lagoon proximity are not specified and should be verified. District One is a freehold community within MBR City.
Yes. Active listings for the same standard 6,333 sqft plot size in District One: AED 20,500,000 (FAM Properties, AED 3,237 per sqft) and AED 22,000,000 (Driven Properties and Dubizzle, AED 3,474 per sqft). The agent's AED 21,500,000 (AED 3,394 per sqft) sits in the middle of this range. At AED 17,500,000 (AED 2,763 per sqft), the listing is 14.6% below the cheapest competing plot and 20.5% below the most expensive.
Al Merkadh is the official Dubai Land Department (DLD) registered zone name for the area encompassing District One within Mohammed Bin Rashid City. It is approximately 10 sq km and borders the Crystal Lagoon. On listing portals it appears as the zone field. The community is commonly marketed as District One or District One Villas.
A single residential villa. The approved building envelope is B+G+2+Roof (Basement + Ground floor + 2 upper floors + Roof access). On a 6,334 sqft plot, this typically yields a BUA of 6,000 to 10,000 sqft depending on the plot coverage ratio set by the Meydan masterplan. Architectural approvals go through the community developer (Dubai Holding, formerly Meydan), not standard Dubai Municipality zoning. Specific design guidelines, setbacks, materials and coverage ratios are controlled by the masterplan authority.
Net to owner means the seller wants AED 17,500,000 clear. The buyer pays all transaction costs on top: DLD transfer fee (4% = AED 700,000), agency commission (typically 2% = AED 350,000) and admin fees (approximately AED 5,000 to AED 10,000). Estimated total buyer outlay: approximately AED 18,555,000 to AED 18,560,000.
The agent states steps from the Crystal Lagoon. The Crystal Lagoon is the central feature of District One's masterplan, and the Al Merkadh zone borders it directly. Plots in the core District One Villas area front or back onto the lagoon or its surrounding parkland. Buyers should confirm the exact plot number and proximity, as some plots may be adjacent to the lagoon while others face internal roads.
Buyer costs
Dubai transfer costs for an ready unit. Every figure editable — NOC is set by the developer and varies.
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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
Indicative monthly repayment on a UAE bank mortgage.
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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.
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