Palm Jumeirah AED 3,524/sqftDubai Maritime City AED 3,152/sqftDowntown Dubai AED 2,905/sqftDubai Islands AED 2,770/sqftDubai Creek Harbour AED 2,563/sqftBusiness Bay AED 2,509/sqftDubai Marina AED 2,481/sqftDubai Hills Estate AED 2,448/sqftJumeirah Lakes Towers AED 2,306/sqftMohammed Bin Rashid City AED 2,097/sqftAl Jaddaf AED 2,049/sqftJumeirah Village Triangle AED 1,665/sqftDubai South AED 1,652/sqftArjan AED 1,584/sqftJumeirah Village Circle AED 1,491/sqftDubai Sports City AED 1,328/sqftALL DLD SALES · OFF-PLAN + EXISTINGPalm Jumeirah AED 3,524/sqftDubai Maritime City AED 3,152/sqftDowntown Dubai AED 2,905/sqftDubai Islands AED 2,770/sqftDubai Creek Harbour AED 2,563/sqftBusiness Bay AED 2,509/sqftDubai Marina AED 2,481/sqftDubai Hills Estate AED 2,448/sqftJumeirah Lakes Towers AED 2,306/sqftMohammed Bin Rashid City AED 2,097/sqftAl Jaddaf AED 2,049/sqftJumeirah Village Triangle AED 1,665/sqftDubai South AED 1,652/sqftArjan AED 1,584/sqftJumeirah Village Circle AED 1,491/sqftDubai Sports City AED 1,328/sqftALL DLD SALES · OFF-PLAN + EXISTING
DLD · MEDIAN 12M TO OCT 2026
SoldDISTRESS DEAL: 1-BR IN PARKWAY — distress deal in Meydan Horizon from Mitchell's Commercial Real EstatePARKWAY · Meydan Horizon1 / 2

Prestige One · Meydan Horizon

DISTRESS DEAL: 1-BR IN PARKWAY

Asking price as listedAED 1,300,000AED 1,793 per sq.ft
Original price + DLDAED 1,439,285
DiscountAED 139,2859.7% below original price
Unit
1-BR
Size
725 sq.ft
Developer
Prestige One

The discount is measured against the original price + DLD recorded for this unit, not against a valuation.

Sold
Listed 23 July 2026Status confirmed 17 September 2026

This unit has sold. The page is kept as a record of a deal we transacted. Every figure on it — the asking price, the discount to original price and the payment schedule — is the position as listed on 23 July 2026 and is historic. It is not an indication of what the same unit, or a comparable one, would cost today.

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The numbers

Payment breakdown

Total cost for buyer, as listedAED 1,384,590The unit price plus the transfer fees and commission — the whole commitment, not the headline.
Unit priceAED 1,300,000
Fees and commissionAED 84,590
Step 01Due at transferAED 623,430Payable when the unit transfers to the buyer.
  • Payment to sellerAED 538,840
  • DLD Transfer fee 4% + 40 AEDAED 52,040
  • DLD Registration Trustee fee + 5%VATAED 5,250
  • Buyer's agent comission 2% + 5%VATAED 27,300
  • Total on transferAED 623,430
Step 02Payable to Prestige One after transferAED 761,160The balance of the payment plan, which the buyer takes over.
  • 21-OCT-2026AED 69 196
  • 31-JAN-2028AED 691 964
  • Total remaining payment planAED 761,160

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Floor plans

Floor plan 1 for DISTRESS DEAL: 1-BR IN PARKWAYFloor plan 1View full size

Floor plan 1

Floor plan 1 for DISTRESS DEAL: 1-BR IN PARKWAY
Floor plan 2 for DISTRESS DEAL: 1-BR IN PARKWAYFloor plan 2View full size

Floor plan 2

Floor plan 2 for DISTRESS DEAL: 1-BR IN PARKWAY

Distress Deal

PROJECT DESCRIPTION

OVERVIEW

This is a 1-bedroom apartment opportunity in Parkway by Prestige One, located in the up-and-coming Meydan Horizon district. The apartment offers a well-proportioned 725 sq.ft of internal space, positioned on a high floor (15-20) with views over the project’s amenities. The current asking price is AED 1,300,000, which reflects a 9.7% discount to the original reference price of AED 1,439,285 (inclusive of DLD fees). This equates to an attractive AED 1,793 per square foot, notably below recent transaction benchmarks for comparable units in the building. The payment structure is split between AED 623,430 due on transfer and a remaining payment plan of AED 761,160, with the total buyer cost calculated at AED 1,384,590. Handover is scheduled for January 2028, providing a clear timeline for completion. The immediate investment thesis centres on the below-market entry point, the phased payment plan, and the potential for capital appreciation as Meydan Horizon matures and Parkway nears completion.

LOCATION & TRANSPORT

Meydan Horizon is part of the wider Meydan master development, situated within Mohammed Bin Rashid City. This area is strategically positioned for connectivity, with easy access to Al Khail Road and Ras Al Khor Road, facilitating direct links to Downtown Dubai, Business Bay, and Dubai International Airport. The district is designed to benefit from future infrastructure upgrades, including improved public transport and road networks as the area develops. Residents will be within a short drive of major business and leisure hubs, while the proximity to Meydan Racecourse, Meydan One Mall, and Dubai Creek further enhances the location’s appeal. The area’s ongoing transformation is expected to drive both end-user and investor demand as new amenities and transport links come online.

AMENITIES & SURROUNDING

Parkway by Prestige One is conceived as a modern, resort-inspired residential tower, rising 34 storeys and comprising approximately 274 units. Residents will have access to a comprehensive suite of amenities designed to support a balanced, active lifestyle. These include an indoor cinema room with plush seating, a family pool and children’s pool, a fully equipped gym, yoga studio, sauna, and sports courts. Social and recreational spaces such as an arcade room, games room, barbecue facilities, leisure deck, and a juice bar are integrated into the podium and communal areas. The development also features landscaped gardens, a mini-putt green, and a children’s playground, all contributing to a community-oriented environment. The immediate surroundings of Meydan Horizon are planned to include retail, dining, and leisure options, with green spaces and canal-side walkways enhancing the overall living experience.

MARKET

From an investment perspective, Parkway by Prestige One is positioned to appeal to both end-users and rental investors. Recent transactions for two-bedroom units in the building have been recorded at AED 1,850–1,965 per square foot, indicating a healthy appetite for quality stock in this location. The offered 1-bedroom unit, at AED 1,793 per square foot, sits below these recent benchmarks, providing a margin for capital appreciation as the project nears completion. The phased payment plan reduces upfront capital exposure, while the handover timeline allows for market absorption and further area development. Rentability is supported by the project’s amenities, the growing profile of Meydan Horizon, and the increasing demand for modern, well-connected apartments in Dubai’s emerging districts. Liquidity is expected to improve as the area matures and as Parkway establishes its reputation. However, investors should be aware of typical off-plan risks, including construction timelines, market fluctuations, and the pace of surrounding infrastructure delivery.

CONCLUSION

This 1-bedroom apartment in Parkway by Prestige One represents a considered entry into Dubai’s off-plan market, with a clear discount to prevailing prices and a structured payment plan that supports capital management. The project’s amenity offering and the evolving Meydan Horizon location underpin both end-user appeal and rental potential. While the area is still developing and carries the usual risks associated with off-plan acquisitions, the fundamentals of connectivity, planned infrastructure, and competitive pricing provide a balanced investment case. For investors seeking exposure to Dubai’s growth corridors with a focus on future value and phased capital outlay, this opportunity warrants close attention.

Location

PARKWAY — Meydan Horizon, Dubai

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Illustrative model

Scenario modeller

Set your own assumptions and see how DISTRESS DEAL: 1-BR IN PARKWAY behaves as a cash purchase, the same purchase mortgaged, or a capital-only resale.

Purchase

The price you are considering.

Drives the service charge only.

Rent and service charge both start here.

Holding & income

Your figure. We have not assumed one.

0% holds rent flat. It may be negative.

Your figure — we publish none. A month vacant plus re-letting time is roughly 8%, if that fits your building.

Your figure — we publish none. Letting fees and routine repairs.

Your figure — we publish none. Look your building up on Mollak — rates run AED 3 to AED 30+.

Acquisition costs

4% is the Dubai standard.

Buyer-side. 5% VAT added.

Your figure — we publish none. The trustee tariff is tiered and the admin lines vary by office; ask your trustee office for the total, and add your NOC and any legal quote.

Exit

1 to 40 years.

0% by default: we publish no price forecasts.

5% VAT added automatically.

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Method
Handover
The date the unit is handed over, set in quarters from purchase. Gross rent, the vacancy allowance, maintenance and management, and the service charge all start there and not before — an unbuilt unit cannot be let and is not billed. The year handover falls in gets the exact fraction it is entitled to, not a rounded whole year. Capital growth is not treated this way: it compounds from today across the whole hold, because an off-plan unit can be sold before it completes. Where the holding period ends before handover, there is no operating income anywhere in the schedule and the whole return is capital movement less costs.
Gross yield
Gross annual rent ÷ purchase price. Before every cost. Where handover is in the future this is a stabilised full year from handover — a rate on the price, not a figure reduced by the construction period. The schedule shows what each year actually books.
Net yield
(Rent collected after the vacancy allowance − maintenance and management − service charge) ÷ purchase price. Stabilised on the same basis as the gross yield.
Rent growth
Compound annual movement in gross rent, applied from handover and stepping at each anniversary of it, which is when a tenancy renews. It may be negative. It does not touch the service charge, which is held flat in nominal terms.
ROI
Total profit over the whole hold ÷ total cash invested (price + all acquisition costs). Unlevered. Not an annual rate.
ROE
Total profit over the whole hold ÷ equity contributed (deposit + all acquisition and finance costs), after debt service. Levered. Not an annual rate.
Cash-on-cash return
Year-one operating cash flow, after debt service where there is a mortgage, ÷ cash invested. Reported separately from ROI/ROE and never merged with it. Year one means the first year of the schedule as it stands: where that year falls before handover it carries no rent, so on a mortgaged off-plan purchase the figure is negative — that is the year you fund out of pocket, and it is shown rather than smoothed away.
IRR
The annualised rate that discounts the dated cash-flow schedule above to a net present value of zero, solved numerically. Where the schedule has no sign change, or the solver does not converge on a single meaningful rate, we print “—” rather than substitute a simpler annualised-return figure.

An illustrative model, not a forecast, a valuation, an offer or investment advice. Every figure is generated from the assumptions on this page — some yours, the rest stated defaults, not promises. Rents, service charges, fees, vacancy, handover dates, financing terms and sale prices vary by unit and over time; past prices are not a guide to future prices. Returns are not guaranteed and capital is at risk.

Mortgage availability, loan-to-value, rate and term are subject to lender criteria and underwriting; nothing here indicates that finance will be offered. Figures exclude any tax payable in your country of residence — take independent financial, tax and legal advice before committing. Mitchell's Commercial Real Estate is a trading brand; the RERA-licensed broker is Stephen James Mitchell, BRN 68593.

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