DISTRESS DEAL: 2.5-BR IN 340 RIVERSIDE CRESCENT

OVERVIEW

This 2.5-bedroom apartment in 340 Riverside Crescent is being offered as a Distress Deal at AED 2,385,000, a 10.2% discount against the AED 2,657,166 original price plus DLD, giving a saving of AED 272,166. The unit measures 1,131 sq.ft, sits on the 20-27 floor band, and has a lagoon view with balcony. Handover is listed for Q4 2027. 340 Riverside Crescent is a 57-storey Sobha residential tower in Sobha Hartland 2, Bu Kadra, Meydan, within Mohammed Bin Rashid City.

LOCATION & TRANSPORT

Sobha Hartland 2 sits in the Meydan and MBR City corridor, giving access back toward Downtown Dubai, Business Bay and Dubai Creek. Propsearch records approximate drive times from 340 Riverside Crescent of 15 minutes to Dubai Mall, 23 minutes to Palm Jumeirah, 21 minutes to Burj Al Arab and 26 minutes to The Walk JBR. DXB International Airport is roughly 18 minutes away by car.

AMENITIES & SURROUNDING

Propsearch lists project amenities including a badminton court, basketball half-court, gym, jogging trails, lagoon pool, padel tennis court, sky gardens, squash court, swimming pool and volleyball court. The tower forms part of Sobha Hartland 2's wider waterfront masterplan, with landscaped areas, lagoon-style amenities and proximity to Ras Al Khor Wildlife Sanctuary. The listing's lagoon view is therefore directly aligned with the project's core amenity story.

MARKET

At AED 2,109 per sq.ft on 1,131 sq.ft, the entry price gives buyers a clear numerical basis for comparing this 340 Riverside Crescent unit against nearby stock. The current asking price is AED 2,385,000 against AED 2,657,166, showing a 10.2% discount before any buyer-side transfer costs. From a yield perspective, the distressed asset nature of the deal may present opportunities for future rental income stability, contingent on market recovery trends and tenant demand. At AED 2,109 per sq.ft, this unit sits below its original-plus-DLD benchmark by AED 272,166. The 2.5-bedroom layout gives more utility than a standard 2-bedroom apartment, while the mid-to-high floor band and lagoon view support the resale narrative. The main investment appeal is a discounted Sobha entry in a masterplanned district that is still maturing around infrastructure, landscaping and community services.

CONCLUSION

This 340 Riverside Crescent Distress Deal offers a 1,131 sq.ft 2.5-bedroom apartment at AED 2,385,000, with a 10.2% saving against the original-plus-DLD price. For buyers targeting Sobha Hartland 2 and lagoon-facing inventory, it is a clean discount-backed entry in an active growth corridor. The 10.2% discount is the main protection point for buyers assessing 340 Riverside Crescent against competing resale and off-plan options. The AED 2,109 per sq.ft basis on 1,131 sq.ft also makes the deal easier to compare quickly against nearby inventory.