EXECUTIVE SUMMARY
Investment Analysis: Distress Deal in 320 Riverside Crescent
This investment opportunity concerns a distressed asset in 320 Riverside Crescent, featuring a 2-bedroom configuration.
Capital Appreciation Potential: The property is being offered at a 16.5% discount from the original price of AED 2,815,280, with a current asking price of AED 2,350,000.
Yield Analysis: The primary focus for investors should be on the price per square foot, which is a critical measure for evaluating value. The calculated price per square foot is AED 1996.60.
Conclusively, this distress deal presents a potential opportunity for capital appreciation, with the possibility to acquire at a reduced rate.
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PAYMENT PLAN
UNIT PRICE | AED 2,350,000 |
PAYMENTS ON TRANSFER
1. Payment to seller | AED 1,272,180 |
2. DLD Transfer fee 4% + 40 AED | AED 94,040 |
3. DLD Registration Trustee fee + 5% VAT | AED 5,250 |
4. Buyer's agent commission 2% + 5% VAT | AED 49,350 |
PAYMENT PLAN SCHEDULE
7/5/2026 | AED 269,455 |
3/11/2026 | AED 269,455 |
On Handover | AED 538,910 |
SUMMARY
Total on Transfer | AED 1,420,820 |
Total remaining Payment Plan | AED 1,077,820 |
TOTAL COST FOR BUYER | AED 2,498,640 |
PROJECT DESCRIPTION
Overview
330 Riverside Crescent is a high rise residential development located within Sobha Hartland 2 in the Bu Kadra district of Meydan, part of the wider Mohammed Bin Rashid City master development in Dubai, United Arab Emirates. The tower is planned as a 57 storey residential building and forms part of a broader cluster of waterfront residential projects developed by Sobha Realty. Construction of the project commenced in October 2023 and the development is positioned within a rapidly expanding urban district characterised by mixed use residential communities, landscaped public spaces, retail components, and transport links to central Dubai. The building is designed as a residential tower with apartments arranged above a podium level that integrates retail and recreational functions. The staggered podium leads to ground level retail and restaurant units while upper levels incorporate open terrace gardens and sky gardens located on intermediate floors.
The tower is developed by Sobha Realty through its subsidiary Sobha. According to the Dubai Land Department open data records the development has a declared project value of approximately AED 700762000. The project forms part of the Sobha Hartland 2 master community which is positioned between Ras Al Khor Road and Al Ain Dubai Road corridor close to central districts including Business Bay and Downtown Dubai. The architectural configuration of the building follows a tapered crescent form and includes stepped podium terraces that overlook internal community landscapes and a constructed waterfront lagoon environment that forms a central feature of surrounding developments.
Location and Urban Context
330 Riverside Crescent is situated within Sobha Hartland 2 in Bu Kadra, an emerging residential area located within the Meydan district of Mohammed Bin Rashid City. The site lies roughly southeast of central Dubai and forms part of a large scale mixed use urban expansion initiated by the Government of Dubai. Mohammed Bin Rashid City covers a strategic corridor that connects Downtown Dubai, Meydan, Ras Al Khor and Al Jaddaf. The surrounding urban landscape includes residential towers, low rise villa communities, retail promenades, educational facilities and landscaped parks arranged around artificial lagoons and waterfront environments designed for leisure use.
The immediate surroundings of the development include residential clusters in Sobha Hartland and the nearby Azizi Riviera neighbourhood. The area also connects to Meydan Racecourse and the Meydan Hotel complex which forms a prominent landmark within the district. Other nearby communities include District One, The Polo Residence and Al Jaddaf along Dubai Creek. The Ras Al Khor Wildlife Sanctuary lies approximately 2 kilometres from the building offering protected wetland ecosystems that attract migratory birds and represent one of the major ecological sites within metropolitan Dubai.
Transport and Connectivity
The development occupies a location with direct road access to several major transportation corridors across Dubai. The primary arterial roads serving the district include Ras Al Khor Road and Al Khail Road which connect residents to central business districts and coastal communities. From the building site it is estimated that travel by car to Dubai Mall in Downtown Dubai requires approximately ten minutes under normal traffic conditions. Palm Jumeirah is located roughly twenty two minutes away while Burj Al Arab can be reached in approximately twenty one minutes. The Walk at Jumeirah Beach Residence lies around twenty six minutes by road.
Air travel connectivity is provided through proximity to Dubai International Airport which is located approximately thirteen minutes by car. Al Maktoum International Airport in Dubai South lies about thirty eight minutes away. Public transport within the immediate Sobha Hartland 2 area currently relies primarily on road transport although future infrastructure plans for Mohammed Bin Rashid City include expanded metro corridors and improved bus routes linking the district with Downtown Dubai and Dubai Creek Harbour.
Building Design and Amenities
330 Riverside Crescent is configured as a residential skyscraper rising above a structured podium. The stepped podium integrates a retail and leisure zone at ground level with landscaped terraces above. Upper floors contain residential apartments that overlook internal water features and the surrounding community. Outdoor facilities include landscaped gardens located at intermediate levels of the structure including sky gardens positioned on the eighteenth and forty third floors. These terraces function as shared open space providing outlooks across the surrounding residential development.
The residential amenity programme is planned to include recreational and sports facilities integrated within the podium and communal areas of the building. Documented facilities include a gymnasium, swimming pool, badminton court, squash court, padel tennis court and a basketball half court. These amenities are intended to serve the resident population of the tower and complement broader community facilities within Sobha Hartland 2 including pedestrian walkways, green corridors and waterfront leisure areas.
Nearby Infrastructure and Institutions
Several educational institutions are located within short driving distance of the development. Notable nearby schools include North London Collegiate School Dubai and Hartland International School which are both situated within the Sobha Hartland area approximately two to three kilometres from the project. Additional schools in the wider Meydan and Nad Al Sheba districts include Rashid and Latifa Schools and the Bilingual French International School. These institutions serve residents across the Mohammed Bin Rashid City corridor.
Retail and entertainment infrastructure in the surrounding districts includes Downtown Dubai which hosts Dubai Mall, KidZania and numerous cinemas and restaurants. Leisure facilities in the immediate area include The Track Meydan Golf course as well as multiple public parks across Sobha Hartland and the wider Meydan development. The presence of hotels such as the Meydan Hotel and hospitality facilities in Business Bay further expands the supply of dining and entertainment venues accessible to residents.
Market Context and Transaction Environment
Residential units within the development have been recorded within Dubai Land Department transaction data as part of off plan sales activity during the construction period. Recorded transactions include one and two bedroom apartments with sale prices ranging from approximately AED 800000 to above AED 2000000 depending on size and configuration. These records illustrate the evolving market pricing environment for newly launched residential units in emerging master planned districts of Dubai.
The specific unit associated with this listing is classified as a distressed asset due to below market pricing relative to comparable residential units within the development and neighbouring projects. Distressed assets in property markets typically refer to properties offered below prevailing market values because of owner liquidity requirements, time sensitive disposal conditions, or other financial considerations affecting the seller. Such designations highlight circumstances where the price positioning is lower than typical transaction benchmarks recorded in nearby comparable developments.
Conclusion
330 Riverside Crescent represents a residential high rise component within the wider Sobha Hartland 2 master development located in the Meydan sector of Mohammed Bin Rashid City. The tower contributes to an expanding urban district positioned within close driving distance of Downtown Dubai and the central business corridor. The combination of waterfront landscape features, residential towers, educational infrastructure and recreational amenities reflects the planned mixed use structure of the surrounding community. As construction progresses the building will form part of a broader concentration of residential developments shaping the urban expansion of central Dubai.