EXECUTIVE SUMMARY
Investment Opportunity: Distressed Asset in 360 Riverside Crescent
This investment summary focuses on a distress deal involving a 2-bedroom property located in the 360 Riverside Crescent project.
Financial Overview
Asking Price: AED 2,200,000
Original Price: AED 2,414,252
Discount Offered: 9%
Price Analysis
The property, spanning 913 sq.ft, is priced strategically below its original value, reflecting a discount aimed at capital appreciation potential.
'Price per sq. ft.: AED 2,410.29'
Investment Consideration
Potential investors should consider the distressed nature of this asset as an opportunity to acquire at a reduced rate, with prospects for significant yield upon market recovery.
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PAYMENT PLAN
UNIT PRICE | AED 2,200,000 |
PAYMENTS ON TRANSFER
1. Payment to seller | AED 1,039,302 |
2. DLD Transfer fee 4% + 40 AED | AED 88,040 |
3. DLD Registration Trustee fee + 5% VAT | AED 5,250 |
4. Buyer's agent commission 2% + 5% VAT | AED 46,200 |
PAYMENT PLAN SCHEDULE
9/8/2026 | AED 232,139 |
On Handover | AED 928,559 |
SUMMARY
Total on Transfer | AED 1,178,792 |
Total remaining Payment Plan | AED 1,160,698 |
TOTAL COST FOR BUYER | AED 2,339,490 |
PROJECT DESCRIPTION
Overview
360 Riverside Crescent is a 73-storey residential skyscraper currently under development within the Sobha Hartland 2 master community in Bu Kadra, part of the wider Meydan district in Mohammed Bin Rashid City, Dubai. The building forms part of an expanding residential cluster positioned east of Meydan Racecourse and north of Dubai Al Ain Road. The project is being delivered by Sobha Realty through its subsidiary Sobha, a developer active in high-density residential and mixed-use schemes throughout Dubai. Construction of the tower commenced in May 2024 and the estimated completion date is June 2027. The development contains one-bedroom and two-bedroom apartments arranged across a high-rise tower structure supported by two basement levels allocated for resident parking and building services.
Location and Urban Context
The building sits within the Sobha Hartland 2 neighbourhood, a master planned district positioned inside Mohammed Bin Rashid City roughly five kilometres south of Downtown Dubai. Bu Kadra sits near several established residential zones including Sobha Hartland, Meydan, District One, and Azizi Riviera. The surrounding districts collectively form one of Dubai's largest mixed-use urban expansions with residential towers, villas, landscaped parks, retail space and waterfront infrastructure. From 360 Riverside Crescent residents are positioned within driving range of central Dubai commercial corridors including Business Bay and DIFC, while maintaining proximity to large green spaces and master planned communities that dominate this section of MBR City.
Transport and Road Connectivity
Road connectivity around the development is primarily supported by Dubai Al Ain Road and Ras Al Khor Road, both major arterial routes linking the area to Downtown Dubai, Nad Al Sheba, Academic City and Dubai International Airport. Typical travel times measured under standard traffic conditions indicate approximately fifteen minutes by car to Dubai Mall and Downtown Dubai. Palm Jumeirah can be reached in approximately twenty three minutes, while Jumeirah Beach Residences is roughly twenty six minutes away. Dubai International Airport is about eighteen minutes by road and Al Maktoum International Airport, located in Dubai South, is typically reached within forty minutes. These commuting times position the building within the central travel corridor of metropolitan Dubai while remaining outside the densest commercial districts.
Building Structure and Residential Configuration
The tower rises across 73 floors above ground supported by two basement levels dedicated to vehicle parking. The residential programme includes a mix of one-bedroom and two-bedroom apartments designed for vertical urban living within a high-density tower configuration typical of contemporary Dubai residential clusters. Layout sizes vary across the building depending on floor level, with apartment sizes commonly ranging between approximately 692 square feet and more than 925 square feet for larger units. Interior orientations provide outward views across surrounding neighbourhoods including Meydan Racecourse to the west and Ras Al Khor industrial and wetland areas toward the east.
Development Value and Project Delivery
According to information associated with the Dubai Land Department registry, the total project value of 360 Riverside Crescent is recorded at approximately AED 686137000. The developer, Sobha Realty, operates as the master developer for several surrounding phases within Sobha Hartland and Sobha Hartland 2, overseeing planning, infrastructure construction and residential programme delivery. The tower forms part of a broader master planned programme intended to increase residential supply in MBR City while integrating recreational parks, pedestrian routes and lagoon style waterfront amenities across the district.
Amenities and Resident Infrastructure
Facilities planned within the development include a collection of shared recreational and wellness amenities typical of high rise residential towers. These amenities include swimming pools, lagoon pools and landscaped outdoor leisure areas integrated into the project podium. Sports facilities listed for the development include badminton courts, padel courts, a basketball half court, squash courts and volleyball space. The building will also contain indoor gym facilities and jogging trails integrated into surrounding landscaped areas. Sky gardens and elevated communal zones form part of the residential amenity concept designed to provide outdoor recreation spaces at height within the tower structure.
Nearby Landmarks and Surrounding Destinations
The tower sits within proximity of several well known Dubai landmarks and leisure destinations. Meydan Racecourse lies to the west and hosts the annual Dubai World Cup horse racing event. Ras Al Khor Wildlife Sanctuary is located roughly 1.7 kilometres away and is recognized for its protected wetland ecosystem and migratory bird populations including seasonal flamingos. Retail and entertainment attractions in Downtown Dubai including Dubai Mall, KidZania and the Burj Khalifa observation facilities are located less than five kilometres from the site. Additional leisure venues such as golf clubs, public parks and waterfront promenades are distributed across Meydan and neighbouring districts.
Education and Nearby Schools
Families residing in 360 Riverside Crescent are positioned near several established international schools. North London Collegiate School Dubai and Hartland International School are located within approximately two kilometres inside the Sobha Hartland community. Both institutions follow internationally recognised curriculum structures and have previously received high ratings within Dubai school inspection frameworks. Additional schools including Rashid and Latifa Schools and the Bilingual French International School are situated within a five kilometre radius across the Meydan and Nad Al Sheba districts. Educational infrastructure throughout MBR City continues to expand alongside residential population growth.
Neighbouring Communities
Multiple residential developments surround the project including Sobha Hartland, Azizi Riviera, District One and The Polo Residence. These neighbourhoods collectively form a network of mid rise and high rise residential compounds built around water features, landscaped parks and pedestrian oriented streetscapes. District One, located approximately 4.7 kilometres away, is centred around the large Crystal Lagoon artificial waterfront. Azizi Riviera to the southeast includes multiple apartment clusters and the Riviera canal style waterfront retail and restaurant corridor. These surrounding communities form the primary residential ecosystem supporting the Sobha Hartland 2 district.
Investment Context and Distressed Asset Classification
The unit associated with this listing is identified as a distressed asset due to its pricing being set below prevailing market levels for comparable apartments within the same tower and surrounding Sobha Hartland 2 district. Distressed property classification in Dubai real estate markets commonly occurs when units are resold by investors requiring rapid liquidity or when sale prices are discounted relative to projected resale values prior to project completion. Such pricing conditions may position the property below typical listing levels for equivalent floor area within nearby developments throughout Meydan and Mohammed Bin Rashid City.
Summary
360 Riverside Crescent represents a high rise residential tower within the expanding Sobha Hartland 2 community in Mohammed Bin Rashid City. With direct access to major road corridors, proximity to Downtown Dubai and access to educational and recreational infrastructure across Meydan, the building forms part of a wider residential expansion zone on the eastern edge of central Dubai. The development introduces a collection of one-bedroom and two-bedroom apartments across a 73 storey structure supported by recreational amenities, landscaped space and integrated sports facilities. Located near major landmarks including Meydan Racecourse, Ras Al Khor Wildlife Sanctuary and the Downtown Dubai commercial district, the project sits within a strategic residential growth corridor of the city. The specific property marketed here is presented as a distressed asset reflecting below market pricing relative to comparable units in the surrounding area.