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PAYMENT PLAN
UNIT PRICE | AED 11,300,000 |
PAYMENTS ON TRANSFER
1. Payment to seller | AED 11,300,000 |
2. DLD Transfer fee 4% + 40 AED | AED 452,040 |
3. DLD Registration Trustee fee + 5% VAT | AED 5,250 |
4. Buyer's agent commission 2% + 5% VAT | AED 237,300 |
SUMMARY
Total on Transfer | AED 11,994,590 |
TOTAL COST FOR BUYER | AED 11,994,590 |
PROJECT DESCRIPTION
OVERVIEW
Lagoon Views at District One is a mid rise residential building located within The Residences at District One in District One, Meydan One, Meydan, within the wider Mohammed Bin Rashid City development in Dubai, United Arab Emirates. The project forms part of the District One master planned community developed by Meydan Group through its subsidiary District One. The building is designed as a ten storey residential structure and is also referred to as Residence 9 within the community planning framework.
LOCATION & TRANSPORT
The building is situated in District One within the Meydan area of Dubai. Mohammed Bin Rashid City is a large mixed use urban development positioned south of Business Bay and east of the Nad Al Sheba district. The location places Lagoon Views at District One within close driving distance of several established commercial and retail hubs including Downtown Dubai and Business Bay.
AMENITIES & SURROUNDING
The District One development includes a range of internal facilities planned at community level. These consist of landscaped open spaces, parks, walking tracks and cycling routes designed to connect residential clusters. Several adjacent developments contribute additional services and retail infrastructure including shops, supermarkets, restaurants and community leisure areas within nearby districts such as Business Bay and Meydan. Recreational amenities nearby include The Track Meydan Golf club located approximately 3.1 kilometres away, which is part of the Meydan Racecourse complex.
MARKET
The project is being developed by Meydan Group, a government backed development company responsible for a range of projects within the Meydan and Mohammed Bin Rashid City districts. Lagoon Views at District One began construction in April 2022. Government data from the Dubai Land Department indicates that the registered project value is approximately AED 192,165,000. The building forms part of The Residences at District One sub community, which consists primarily of low rise and mid rise apartment buildings located near the District One lagoon and surrounding parkland areas. The development framework includes residential buildings, cycling routes, landscaped gardens and water based recreational infrastructure. Lagoon Views at District One is designed as a ten storey residential building. Within the District One master plan, mid rise structures such as The asking price, discount, size and price per square foot are the core comparison points for buyer review.
CONCLUSION
The project is being developed by Meydan Group, a government backed development company responsible for a range of projects within the Meydan and Mohammed Bin Rashid City districts. Lagoon Views at District One began construction in April 2022. Government data from the Dubai Land Department indicates that the registered project value is approximately AED 192,165,000.