DISTRESS DEAL: 1-BR IN PARKWAY

OVERVIEW

 

This is a 1-bedroom apartment opportunity in Parkway by Prestige One, located in the up-and-coming Meydan Horizon district. The apartment offers a well-proportioned 725 sq.ft of internal space, positioned on a high floor (15-20) with views over the project’s amenities. The current asking price is AED 1,300,000, which reflects a 9.7% discount to the original reference price of AED 1,439,285 (inclusive of DLD fees). This equates to an attractive AED 1,793 per square foot, notably below recent transaction benchmarks for comparable units in the building. The payment structure is split between AED 623,430 due on transfer and a remaining payment plan of AED 761,160, with the total buyer cost calculated at AED 1,384,590. Handover is scheduled for January 2028, providing a clear timeline for completion. The immediate investment thesis centres on the below-market entry point, the phased payment plan, and the potential for capital appreciation as Meydan Horizon matures and Parkway nears completion.

 

LOCATION & TRANSPORT

 

Meydan Horizon is part of the wider Meydan master development, situated within Mohammed Bin Rashid City. This area is strategically positioned for connectivity, with easy access to Al Khail Road and Ras Al Khor Road, facilitating direct links to Downtown Dubai, Business Bay, and Dubai International Airport. The district is designed to benefit from future infrastructure upgrades, including improved public transport and road networks as the area develops. Residents will be within a short drive of major business and leisure hubs, while the proximity to Meydan Racecourse, Meydan One Mall, and Dubai Creek further enhances the location’s appeal. The area’s ongoing transformation is expected to drive both end-user and investor demand as new amenities and transport links come online.

 

AMENITIES & SURROUNDING

 

Parkway by Prestige One is conceived as a modern, resort-inspired residential tower, rising 34 storeys and comprising approximately 274 units. Residents will have access to a comprehensive suite of amenities designed to support a balanced, active lifestyle. These include an indoor cinema room with plush seating, a family pool and children’s pool, a fully equipped gym, yoga studio, sauna, and sports courts. Social and recreational spaces such as an arcade room, games room, barbecue facilities, leisure deck, and a juice bar are integrated into the podium and communal areas. The development also features landscaped gardens, a mini-putt green, and a children’s playground, all contributing to a community-oriented environment. The immediate surroundings of Meydan Horizon are planned to include retail, dining, and leisure options, with green spaces and canal-side walkways enhancing the overall living experience.

 

MARKET

 

From an investment perspective, Parkway by Prestige One is positioned to appeal to both end-users and rental investors. Recent transactions for two-bedroom units in the building have been recorded at AED 1,850–1,965 per square foot, indicating a healthy appetite for quality stock in this location. The offered 1-bedroom unit, at AED 1,793 per square foot, sits below these recent benchmarks, providing a margin for capital appreciation as the project nears completion. The phased payment plan reduces upfront capital exposure, while the handover timeline allows for market absorption and further area development. Rentability is supported by the project’s amenities, the growing profile of Meydan Horizon, and the increasing demand for modern, well-connected apartments in Dubai’s emerging districts. Liquidity is expected to improve as the area matures and as Parkway establishes its reputation. However, investors should be aware of typical off-plan risks, including construction timelines, market fluctuations, and the pace of surrounding infrastructure delivery.

 

CONCLUSION

 

This 1-bedroom apartment in Parkway by Prestige One represents a considered entry into Dubai’s off-plan market, with a clear discount to prevailing prices and a structured payment plan that supports capital management. The project’s amenity offering and the evolving Meydan Horizon location underpin both end-user appeal and rental potential. While the area is still developing and carries the usual risks associated with off-plan acquisitions, the fundamentals of connectivity, planned infrastructure, and competitive pricing provide a balanced investment case. For investors seeking exposure to Dubai’s growth corridors with a focus on future value and phased capital outlay, this opportunity warrants close attention.