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PAYMENT PLAN
UNIT PRICE | AED 2,440,000 |
PAYMENTS ON TRANSFER
1. Payment to seller | AED 1,362,180 |
2. DLD Transfer fee 4% + 40 AED | AED 97,640 |
3. DLD Registration Trustee fee + 5% VAT | AED 5,250 |
4. Buyer's agent commission 2% + 5% VAT | AED 51,240 |
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 1,516,310 |
Total remaining Payment Plan | AED 1,077,820 |
TOTAL COST FOR BUYER | AED 2,594,130 |
PROJECT DESCRIPTION
OVERVIEW
This 2-bedroom in 320 Riverside Crescent is being offered as a Distress Deal at AED 2,440,000. Against the AED 2,815,280 original price plus DLD basis, the current ask shows a 13.3% below original price discount and a headline saving of AED 375,280. The unit is by Sobha, recorded at 1,177 sq.ft, and scheduled for handover in Q3 2027. That gives the buyer a clear number to underwrite today rather than a vague promise of future upside: the real question is whether this discounted basis is strong enough for the project, location and remaining construction timeline.
LOCATION & TRANSPORT
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. For a buyer, that matters because accessibility and neighbourhood depth will influence both resale liquidity and the quality of the end-user audience once the project completes.
AMENITIES & SURROUNDING
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. In practical terms, that surrounding amenity base is what turns a discounted off-plan listing from a spreadsheet idea into a liveable asset with clearer rental and resale support.
MARKET
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. At AED 2,073, the unit sits in a price band that buyers will compare directly with other Sobha Hartland II launches and with nearby Meydan alternatives. The key underwriting question is whether the current basis properly compensates for the remaining off-plan period through Q3 2027. Here the 13.3% below original price discount is meaningful because it improves the entry cost while keeping exposure to one of the better-known branded master communities in the corridor.
CONCLUSION
Overall, this 320 Riverside Crescent listing deserves attention because the discounted basis is visible in the actual numbers, not only in the marketing label. Buyers should weigh AED 2,440,000, 13.3% below original price, 1,177 sq.ft and the run-in to Q3 2027 against the best competing stock in Sobha Hartland II; if it still stands up after that comparison, the opportunity is real.