1-Bedroom Apartment in Renascent Tower, Meydan — Below Market, Fully Paid

Property Overview

This 1-bedroom apartment in Renascent Tower, Meydan, is offered at AED 850,000. The unit measures 652 sq ft, is fully paid with no outstanding installments, and is presented by the agent as a below-market deal, with handover targeted for Q4 2027.

Property Highlights

• Bedrooms: 1
• Size: 652 sq ft
• Asking price: AED 850,000
• Price per sq ft: approximately AED 1,304
• Payment status: Fully paid
• Building: Renascent Tower
• Area: Mohammed Bin Rashid City District 11 / Meydan
• Handover: Q4 2027

Why the Price Qualifies as Below Market

The agent's brief classifies this listing as below market value, describing it as the "lowest price" available. No specific dated comparable sale, valuation report or price benchmark was supplied alongside the brief to support the comparison, so this classification is carried as the agent's stated basis rather than an independently verified market comparison. Buyers should request supporting comparable evidence before relying on this classification.

About the Project and Community

Renascent Tower is a residential building under development in Mohammed Bin Rashid City District 11, an area positioned between District One and the Meydan Racecourse, bordering both Meydan and Nad Al Sheba. District 11 generally targets a mid-market price point, with reported rates in the region of AED 1,000 to 1,600 per square foot, broadly consistent with this unit's calculated price per square foot. The exact developer for this specific tower could not be independently confirmed during research — a separate, unrelated project with the same name exists in Majan, developed by Samara Developers, which should not be confused with this Meydan-area listing.

Location and Connectivity

Mohammed Bin Rashid City District 11 is close to Downtown Dubai (roughly 20 minutes), Dubai International Airport (roughly 27 minutes) and Business Bay (roughly 22 minutes). Specific walking distances or drive times to individual amenities from this unit have not been supplied and are not stated here.

Verification Notes

Unit-specific facts — price, size, bedroom count and the fully-paid payment status — come from the agent's brief and have not been independently verified by DPF. The price per square foot has been independently calculated from the supplied price and size. The specific developer for Renascent Tower in Meydan/District 11 could not be confirmed and has been left out rather than guessed; this should be obtained from the agent. No original purchase price or dated market comparable was supplied, so no savings figures are shown. Bathrooms, parking, floor and view were not supplied in the brief and are omitted rather than assumed. This listing remains a Draft pending Shabana's review, including confirmation of the developer.