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PAYMENT PLAN
UNIT PRICE | AED 1,660,000 |
PAYMENTS ON TRANSFER
1. Payment to seller | AED 1,100,585 |
2. DLD Transfer fee 4% + 40 AED | AED 66,440 |
3. DLD Registration Trustee fee + 5% VAT | AED 5,250 |
4. Buyer's agent commission 2% + 5% VAT | AED 34,860 |
PAYMENT PLAN SCHEDULE
18/09/2026 | AED 186,472 |
On Handover | AED 372,943 |
SUMMARY
Total on Transfer | AED 1,207,135 |
Total remaining Payment Plan | AED 559,415 |
TOTAL COST FOR BUYER | AED 1,766,550 |
ABOUT THIS DEAL
DEAL SUMMARY
This unit is a 1-bedroom apartment of 876 sq.ft on floors 9 to 14, oriented toward the Jumeirah Islands villa communities, with handover scheduled for Q1 2027. Asking price is AED 1,660,000, equivalent to AED 1,895 per square foot. Recent Dubai Land Department transactions at Verde by Sobha show two-bedroom pre-registration sales at approximately AED 2,105 per square foot, placing this entry roughly 10 per cent below comparable project AED/sqft benchmarks on a like-for-like off-plan basis. Broader JLT one-bedroom off-plan inventory typically trades in the AED 1,900 to AED 2,200 per square foot band, positioning this unit at the lower end of the range.
JLT one-bedroom rental yields typically run 6 to 7.5 per cent gross, supported by steady tenant demand from the DMCC free zone and Dubai Marina employers. On handover, a conservative AED 110,000 to AED 125,000 annual rent assumption implies a gross yield in the 6.6 to 7.5 per cent range at the current asking price. The holding thesis is rental income through the first lease cycles, with an exit option tied to JLT secondary-market liquidity once the tower is tenanted and stabilised through its initial post-handover rental cycle.
PROJECT DESCRIPTION
OVERVIEW
Verde by Sobha is a 68-storey residential tower under development in Jumeirah Lakes Towers, Dubai. The project is delivered by Sobha Realty through its subsidiary Sobha and is owned by PNC Investments, with architectural design by PNC Architects and main construction by Sobha Contracting. Construction commenced in April 2023 and reaches a total height of 230 metres across seven podium levels used for parking and 58 residential floors above. The tower sits on the south-eastern edge of JLT opposite Cluster H, with handover scheduled for Q1 2027. The Dubai Land Department records the project value at AED 749 million, with the developer targeting AED 2 billion in sales revenue. Launch pricing began at approximately AED 2 million, positioning the tower in the mid-to-upper segment of the JLT market.
LOCATION AND MASTERPLAN CONTEXT
Jumeirah Lakes Towers is a mature master-planned cluster development arranged around three artificial lakes, containing more than 80 high-rise towers across a mixed-use grid of residential, commercial and hospitality floors. Verde sits opposite Cluster H with views over Jumeirah Islands and Emirates Hills villa communities on one side and Emirates Golf Club on the other. The location places the tower on the immediate boundary between central JLT density and the low-rise Emirates Living districts to the south, offering residents the service depth of a tower cluster alongside the green amenity of adjacent villa communities. Dubai Marina and Jumeirah Beach Residence sit directly north across Sheikh Zayed Road.
TRANSPORT AND ACCESSIBILITY
Verde has direct access to Sheikh Zayed Road and Al Khail Road, the two principal arterial routes running the length of urbanised Dubai. Typical drive times are approximately 9 minutes to Palm Jumeirah, 12 minutes to The Walk at JBR, 13 minutes to Burj Al Arab, and 17 minutes to Downtown Dubai and Dubai Mall. Dubai International Airport is around 24 minutes and Al Maktoum International Airport around 31 minutes by road. The Dubai Metro Red Line serves JLT via the DMCC and Sobha Realty stations within walking distance of the lake cluster, providing direct connection to Downtown, Business Bay, the financial centre, the airport and both ends of the Red Line corridor.
AMENITIES AND FACILITIES
Verde is planned with podium-level amenity floors comprising pool decks, landscaped terraces, gymnasium facilities, and covered parking across the seven podium levels. The building configuration provides apartment orientations toward both the villa-community side and the golf-course side, with the upper floors capturing full skyline views over the Marina and Emirates Hills corridors. At community level, JLT provides extensive retail, food and beverage, and service outlets distributed across the cluster podiums, plus walking and jogging tracks along the lake edges. JLT Park is located approximately 0.6 kilometres from the tower, and the JLT waterfront promenade connects the clusters at ground level.
SURROUNDING INFRASTRUCTURE
Educational provision in the immediate catchment includes Emirates International School Meadows at approximately 1.1 kilometres, Dubai British School Jumeirah Park within 3 kilometres, and Dubai British School Emirates Hills within 3 kilometres. Healthcare is served through clinics and pharmacies within JLT clusters for primary care, with larger hospitals accessible along the Sheikh Zayed Road corridor. Retail and leisure include Dubai Marina Mall within 5 minutes by road, The Beach at JBR, Reel Cinemas, and multiple hospitality venues including Voco Bonnington, Armada Avenue Hotel and Mövenpick JLT within approximately 1 kilometre. Emirates Golf Club and Montgomerie Golf Course are within a 3-kilometre radius.
MARKET POSITION AND INVESTMENT CONTEXT
JLT is one of the more liquid secondary-market districts in Dubai, with a mature tenant base drawn from the adjacent DMCC free zone, Marina employers and Emirates Living households. Recent Dubai Land Department transaction data for Verde by Sobha shows residential pre-registration sales in the range of AED 2,100 per square foot for two-bedroom units, reflecting typical off-plan pricing for the JLT high-rise segment. Rental yields across comparable JLT residential towers typically sit in the 6 to 7.5 per cent gross range for one-bedroom apartments, underpinned by steady demand from single professionals and young couples working in the surrounding free zones. The district's supply pipeline is limited by the mature cluster grid, with new launches concentrated on the JLT periphery, and the DMCC free-zone tenant base provides structural rental depth through market cycles.
CONCLUSION
Verde by Sobha suits yield-focused investors seeking exposure to the JLT rental market with a developer brand that commands a pricing premium relative to generic JLT inventory. The combined appeal of mature district liquidity, constrained new supply, and direct metro access on the Red Line supports a holding thesis oriented toward rental income rather than short-horizon capital trading. The principal risks are construction-timeline slippage (with handover now scheduled Q1 2027, a quarter beyond the developer's original Q4 2026 estimate) and upper-floor supply coming to market simultaneously across JLT. The project sits at the intersection of Sobha build quality, mature district fundamentals and a defined tenant pool.