Property

Everly Place by Ellington Properties

Location: Bukadra, Mohammed Bin Rashid City (MBR City), Dubai

Everly Place sits in Bukadra, a quietly emerging residential address in Mohammed Bin Rashid City, positioned along the Meydan Horizon crystal lagoon. The area connects directly to the wider MBR City ecosystem — a master-planned district of upscale residential communities, golf courses, and lifestyle infrastructure — while remaining within a compact commute of Downtown Dubai, Business Bay, and DIFC.

The lagoon setting is the defining characteristic of this address. The building is oriented directly towards the water, with its U-shaped form designed to capture lagoon views from most angles. For ground-floor retail, this translates into a high-visibility frontage serving a resident base that has chosen the development precisely for its setting — an audience with clear lifestyle and discretionary spend expectations.

MBR City's residential population continues to grow, supported by a pipeline of Ellington and other premium-brand developments in the corridor. Bukadra's position between Meydan and Ras Al Khor gives it proximity to both equestrian and wildlife attractions, reinforcing demand from resident profiles who engage regularly with the precinct's leisure offer.

Project Overview

Design-Led Living at the Lagoon's Edge

Everly Place is a 209-unit residential development by Ellington Properties, featuring 1-bedroom, 1-bedroom + study, 2-bedroom, 2-bedroom + study, and 3-bedroom homes across G + 2 Podiums + 10 Residential Floors + Rooftop. The architecture takes a distinctive U-shaped form, framing the crystal lagoon with layered terraces, integrated greenery, and a glass façade — a building designed not to stand against its surroundings but to curve around them.

Ellington's design-led philosophy carries through all communal spaces: the lobby lounge, clubhouse with coffee bar, and curated amenity floors reflect a considered, detail-oriented approach rather than a volume-driven residential offer. Retail is integrated at ground level, positioned to serve this owner-occupier and lifestyle-focused community.

Building Configuration

Structure
- G + 2 Podium Floors + 10 Residential Floors + Rooftop Amenities Pavilion
Ground Level
- 5 retail units fronting the community road
- Lobby drop-off, lobby entrance, lobby lounge, lobby reception, lift lobby
Podium Levels
- Podium 1 and Podium 2: parking, building access, amenity connection
Residential Floors
- 1st Floor: 1-bedroom units + Yoga & Pilates Studio
- 2nd, 4th, 6th, 8th Floors: Typical residential (1-bed, 2-bed, 2-bed+S)
- 3rd, 5th, 7th, 9th Floors: Typical residential (1-bed, 2-bed, 2-bed+S)
- 10th Floor: 3-bedroom and penthouse-level units
Rooftop
- Amenities Pavilion
Residential Mix (Total 209 Units + 5 Retail)
- 1 Bedroom (133 units): 693–828 sq. ft.
- 1 Bedroom + Study (9 units): 977–997 sq. ft.
- 2 Bedroom (30 units): 1,175–1,285 sq. ft.
- 2 Bedroom + Study (20 units): 1,204–1,338 sq. ft.
- 3 Bedroom (17 units): 1,704–1,818 sq. ft.
Parking
- 1- and 2-bedroom units: 1 parking space per unit
- 3-bedroom units: 2 parking spaces per unit

Retail Overview

Availability: 5 ground-floor retail units
Unit Sizes:
- Retail 01: 1,891.54 sq. ft.
- Retail 02: 2,481.08 sq. ft.
- Retail 03: 1,631.92 sq. ft.
- Retail 04: 2,305.74 sq. ft.
- Retail 05: 2,013.39 sq. ft.
Size Range: 1,631.92 – 2,481.08 sq. ft.
Pricing: TBC *******CONTACT US FOR SPECIAL NEGOTIATED PRICE
Payment Plan: 70/30
Completion: TBC
Frontage: Ground-floor units fronting the community road, within a lagoon-facing building

Payment Plan (70/30)

Installment	%	Milestone
Down Payment	20%	At the time of booking
1st Installment	10%	60 days after reservation date
2nd Installment	10%	120 days after reservation date
3rd Installment	5%	240 days after reservation date
4th Installment	5%	360 days after reservation date
5th Installment	5%	On 30% construction completion
6th Installment	5%	On 40% construction completion
7th Installment	5%	On 50% construction completion
8th Installment	5%	On 60% construction completion
Final Payment	30%	On project completion

Project Amenities

Resort-Style Swimming Pool with sun loungers
Kids' Pool with dedicated sun loungers
Gym & Fitness Studio
Yoga & Pilates Studio
Clubhouse with Coffee Bar
Clubhouse Lounge
PlayStation & Pool Table Area
Kids' Play Area (indoor and outdoor)
Outdoor Table Tennis
Outdoor Cinema
BBQ Area & Seating
Outdoor Leisure Space
Rooftop Amenities Pavilion
Lobby Lounge & Reception

Design & Finishes

U-shaped architecture forming a sculptural lagoon-facing frame
Striking glass façade with layered terraces and integrated greenery
Ellington's signature design-led interiors with considered material palettes and refined detailing
Floor plans featuring study configurations across multiple bed types
Seamless indoor-outdoor connectivity across amenity levels
Rooftop Amenities Pavilion as a standalone hospitality-grade space

Views

Ground-floor retail frontage onto the community road with building and landscaping backdrop
The building's orientation directly towards the Meydan Horizon crystal lagoon ensures that the surrounding precinct carries a water-facing character
Residential floors above overlook the crystal lagoon from multiple angles via the U-shaped form

Location

Bukadra, Between the Lagoon and the City

Everly Place occupies a position in Bukadra that sits within the broader MBR City master plan — a precinct developed around Meydan Horizon, with the crystal lagoon as its central amenity. The address is close enough to the city's core infrastructure to function as a connected urban neighbourhood, while the lagoon setting gives it the character of a waterside retreat.

The surrounding catchment includes Meydan, Ras Al Khor, and expanding residential clusters that form the demand base for ground-floor retail. Residents in the building and adjacent developments represent a demographic with strong discretionary spend and preference for experiential, design-conscious brands.

Connectivity

Al Ain Road (E44): Access towards Downtown Dubai, Dubai International Airport, and beyond
Sheikh Zayed Road (E11): Reachable via Meydan connectors, linking to the full length of the city
Meydan Road: Direct connectivity to Meydan Grandstand, Racecourse, and Golf Club

Proximity to Landmarks

10 minutes — Ras Al Khor Wildlife Sanctuary
11 minutes — Meydan Grandstand and Racecourse
16 minutes — City Walk, Dubai Design District
18 minutes — Dubai Festival City Mall, Business Bay
20 minutes — Burj Khalifa / Dubai Mall, DIFC
22 minutes — Mall of the Emirates
25 minutes — Burj Al Arab
30 minutes — Dubai International Airport
40 minutes — Palm Jumeirah

The combination of lagoon frontage, MBR City master-plan infrastructure, and proximity to Dubai's commercial core positions Everly Place as a considered retail address for operators targeting an affluent, design-aware resident base.

Illustrative model

Scenario modeller

Set your own assumptions and see how Everly Place Retail behaves as a cash purchase, the same purchase mortgaged, or a capital-only resale.

Payment plan

70/30

As published on this listing. The model below assumes the purchase price and all acquisition costs are paid at the outset; a staged plan defers part of the outlay, which raises the IRR on the same total profit. Treat the return figures as the unstaged case.

Purchase

Purchase price

The price you are actually considering.

Unit size

Drives the service charge only.

Time to handover

Rent and service charge both start here.

Holding & income

Gross annual rent

Your figure — we have not assumed one.

Rent growth

0% holds rent flat. It may be negative.

Vacancy allowance

8% is roughly a month plus re-letting.

Maintenance & management

Letting fees and routine repairs.

Service charge

Replace with the building's own schedule.

Acquisition costs

DLD transfer fee

4% is the Dubai standard.

Agency fee

Buyer-side. 5% VAT added.

Conveyancing, trustee & admin

Trustee, title deed, NOC.

Exit

Holding period

1 to 40 years.

Exit price growth

0% by default: we publish no price forecasts.

Sale agency fee

5% VAT added automatically.

Nothing to calculate yet

Enter the asking price to run the model.

Every figure recalculates as you type. Use the price you are actually considering.

How each figure is calculated

Handover: The date the unit is handed over, set in quarters from purchase. Gross rent, the vacancy allowance, maintenance and management, and the service charge all start there and not before — an unbuilt unit cannot be let and is not billed. The year handover falls in gets the exact fraction it is entitled to, not a rounded whole year. Capital growth is not treated this way: it compounds from today across the whole hold, because an off-plan unit can be sold before it completes. Where the holding period ends before handover, there is no operating income anywhere in the schedule and the whole return is capital movement less costs.
Gross yield: Gross annual rent ÷ purchase price. Before every cost. Where handover is in the future this is a stabilised full year from handover — a rate on the price, not a figure reduced by the construction period. The schedule shows what each year actually books.
Net yield: (Rent collected after the vacancy allowance − maintenance and management − service charge) ÷ purchase price. Stabilised on the same basis as the gross yield.
Rent growth: Compound annual movement in gross rent, applied from handover and stepping at each anniversary of it, which is when a tenancy renews. It may be negative. It does not touch the service charge, which is held flat in nominal terms.
ROI: Total profit over the whole hold ÷ total cash invested (price + all acquisition costs). Unlevered. Not an annual rate.
ROE: Total profit over the whole hold ÷ equity contributed (deposit + all acquisition and finance costs), after debt service. Levered. Not an annual rate.
Cash-on-cash return: Year-one operating cash flow, after debt service where there is a mortgage, ÷ cash invested. Reported separately from ROI/ROE and never merged with it. Year one means the first year of the schedule as it stands: where that year falls before handover it carries no rent, so on a mortgaged off-plan purchase the figure is negative — that is the year you fund out of pocket, and it is shown rather than smoothed away.
IRR: The annualised rate that discounts the dated cash-flow schedule above to a net present value of zero, solved numerically. Where the schedule has no sign change, or the solver does not converge on a single meaningful rate, we print “—” rather than substitute a simpler annualised-return figure.

An illustrative model, not a forecast, a valuation, an offer or investment advice. Every figure is generated from the assumptions on this page — some yours, the rest stated defaults, not promises. Rents, service charges, fees, vacancy, handover dates, financing terms and sale prices vary by unit and over time; past prices are not a guide to future prices. Returns are not guaranteed and capital is at risk.

Mortgage availability, loan-to-value, rate and term are subject to lender criteria and underwriting; nothing here indicates that finance will be offered. Figures exclude any tax payable in your country of residence — take independent financial, tax and legal advice before committing. Mitchell’s Realty is a trading brand; the RERA-licensed entity is The Luxury Real Estate Brokers LLC.

Location

Everly Place — MBR City, Dubai

Get Directions

Everly Place Retail

Interested in Everly Place Retail?

Everly Place by Ellington Properties

Location: Bukadra, Mohammed Bin Rashid City (MBR City), Dubai

Project Overview

Design-Led Living at the Lagoon's Edge

Building Configuration

Retail Overview

Payment Plan (70/30)

Project Amenities

Design & Finishes

Views

Location

Bukadra, Between the Lagoon and the City

Connectivity

Proximity to Landmarks

Scenario modeller

Location

Got questions?