DISTRESS DEAL: 2-BR WITH POOL IN FASHIONZ

Overview

Lagoon Views at District One, also known as Residence 9, is a mid rise residential building located within The Residences at District One community in District One, part of the wider Meydan One master development in Dubai. The project forms part of Mohammed Bin Rashid City, a large scale mixed use district designed to accommodate residential, leisure and commercial infrastructure across several integrated neighbourhoods. Lagoon Views at District One is configured as a 10 storey residential building and is being developed by Meydan Group through its subsidiary District One. Construction of the development began in April 2022. The project is situated in Al Merkadh within the Meydan area, placing it within close proximity to Business Bay, Downtown Dubai and several key transport corridors that connect central Dubai with the rest of the emirate. According to Dubai Land Department registry data the total development value of Lagoon Views at District One is recorded at AED 192,165,000. The building forms part of The Residences at District One cluster, which consists of several mid rise apartment buildings arranged around landscaped areas, walkways and lagoon facing plots associated with the wider District One Crystal Lagoon development.

Development Context

The Residences at District One sits within District One, a master planned residential district positioned inside Mohammed Bin Rashid City. The district is designed around a large artificial crystal lagoon, waterfront promenades and landscaped parks which collectively form the principal identity of the community. District One contains a mixture of apartment buildings, villas and waterfront residences built around green corridors and pedestrian focused amenities. Lagoon Views at District One is one of the apartment buildings positioned within this environment, providing residential units designed to benefit from park views and lagoon proximity. The master developer of the entire District One area is Meydan Group. The community infrastructure includes internal road networks, landscaped pedestrian areas and recreational waterfront zones connected to the larger Meydan and MBR City developments. Nearby residential areas include Sobha Hartland, Azizi Riviera, The Polo Residence and Meydan itself, all located within a short driving distance.

Building Specifications

Lagoon Views at District One is designed as a ten storey residential structure classified as a mid rise apartment building. It is located within The Residences at District One phase of the broader District One community. The building forms part of a collection of similar residential blocks developed within the district to provide apartment living close to the central lagoon. Construction works on the project commenced in April 2022 with an estimated completion date previously indicated as January 2025. The developer responsible for the project is Meydan Group acting through its District One subsidiary entity which manages development across the surrounding community. Residential units within the building include a range of apartment configurations such as one bedroom, three bedroom, four bedroom and larger family oriented layouts. Typical apartment sizes vary significantly depending on the unit type with some larger five bedroom units exceeding 5,900 square feet. Transaction data recorded by the Dubai Land Department indicates that property transfers associated with the building have occurred across a range of unit sizes and price points.

Distressed Asset Pricing

The property described on this page is classified as a distressed asset due to its below market pricing relative to comparable residences within District One and the surrounding Mohammed Bin Rashid City area. In real estate terminology a distressed asset usually refers to a property offered at a discounted value compared with prevailing market levels due to factors such as seller urgency, financing pressure or other ownership circumstances. In this case the pricing has been identified as below the average market range for similar units within Lagoon Views at District One and other nearby residential buildings inside the community. Such assets occasionally appear within large residential developments and are typically examined by investors seeking units priced below typical transaction levels recorded in the district.

Transport and Accessibility

Lagoon Views at District One benefits from road access through the Meydan and Mohammed Bin Rashid City road networks which link directly to major arterial routes including Al Khail Road and Sheikh Mohammed Bin Zayed Road. These highway connections enable relatively quick travel to the main commercial and residential districts of Dubai. Under typical traffic conditions the drive time from the development to Dubai Mall in Downtown Dubai is approximately ten minutes. Travel time to Palm Jumeirah is roughly eighteen minutes while Burj Al Arab can be reached in approximately sixteen minutes. The Walk at Jumeirah Beach Residence is around twenty one minutes by car depending on route and traffic levels. The closest international airport is Dubai International Airport which is approximately sixteen minutes driving distance. Al Maktoum International Airport located in Dubai South is around thirty seven minutes away via the main highway network. Public transport connections in the immediate area are limited and most residents rely on private vehicles or ride hailing services. However metro stations in Business Bay and Downtown Dubai can be reached within a short drive.

Nearby Infrastructure

A variety of amenities exist within the districts surrounding Lagoon Views at District One. Retail, leisure and entertainment infrastructure is concentrated primarily in neighbouring Business Bay and Downtown Dubai which host shopping complexes, restaurants and office districts. Attraction sites located within several kilometres include Kidzania at Dubai Mall, Bay Avenue Mall and Park, and the Dubai Bowling Center. Waterfront promenades and landscaped spaces are located throughout District One itself while nearby public parks include Polo Residence Park and Riviera South Park. Several golf facilities are also positioned in the vicinity including The Track Meydan Golf and Dubai Hills Golf Club which are within a short driving distance.

Education and Community Facilities

Educational institutions located near Lagoon Views at District One include Bilingual French International School in Meydan at a distance of approximately 1.7 kilometres and Clarion School in Al Quoz roughly 2.6 kilometres away. Additional schools within the surrounding districts include Springdales School and Towheed Iranian Boys School. Several institutions in nearby communities have achieved high inspection ratings from the Dubai education regulator including Jumeirah English Speaking School and GEMS Jumeirah Primary School which are located slightly further away but still within driving distance of the community. The presence of these schools supports the residential nature of the broader Mohammed Bin Rashid City district which has been developed as a long term family oriented residential zone.

Nearby Hospitality and Commercial Areas

Multiple hotels and serviced apartment buildings are located within several kilometres of Lagoon Views at District One. These include Meydan Hotel at approximately 1.8 kilometres distance as well as hospitality properties in Business Bay such as Citymax Business Bay and Grand Millennium Business Bay. These establishments provide restaurants, cafés, lounges and hotel services accessible to residents in the surrounding neighbourhood. Business Bay also functions as one of the closest commercial hubs offering office towers, retail spaces and waterfront developments along the Dubai Canal.

Neighbouring Communities

Lagoon Views at District One is surrounded by several residential districts forming part of the Mohammed Bin Rashid City expansion zone. Nearby communities include Sobha Hartland which features apartments and villas within landscaped environments, Azizi Riviera which is a mid rise waterfront development in Meydan One, and the gated Polo Residence community consisting of low rise residential buildings. Business Bay and Downtown Dubai lie slightly further north and represent two of the emirate's central mixed use districts containing offices, luxury hotels, shopping centres and residential towers. Together these neighbouring areas contribute to the broader urban context of District One and provide residents with access to commercial activity, cultural destinations and leisure infrastructure located within central Dubai.