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: 2-BR IN 320 RIVERSIDE CRESCENT — distress deal in Sobha Hartland II from Mitchell's Commercial Real Estate320 RIVERSIDE CRESCENT · Sobha Hartland II

Sobha · Sobha Hartland II

DISTRESS DEAL: 2-BR IN 320 RIVERSIDE CRESCENT

Asking price as listedAED 2,440,000AED 2,073 per sq.ft
Original price + DLDAED 2,815,280
DiscountAED 375,28013.3% below original price
Unit
2-BR
Size
1,177 sq.ft
Developer
Sobha
Handover
Q3 2027

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

Sold
Listed 12 March 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 12 March 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 2,594,130The unit price plus the transfer fees and commission — the whole commitment, not the headline.
Unit priceAED 2,440,000
Fees and commissionAED 154,130
Step 01Due at transferAED 1,516,310Payable when the unit transfers to the buyer.
  • Payment to sellerAED 1,362,180
  • DLD Transfer fee 4% + 40 AEDAED 97,640
  • DLD Registration Trustee fee + 5% VATAED 5,250
  • Buyer's agent commission 2% + 5% VATAED 51,240
  • Total on transferAED 1,516,310
Step 02Payable to Sobha after transferAED 1,077,820The balance of the payment plan, which the buyer takes over.
  • 7/5/2026AED 269,455
  • 3/11/2026AED 269,455
  • On HandoverAED 538,910
  • Total remaining payment planAED 1,077,820

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Layout

Floor plan

Floor plan for DISTRESS DEAL: 2-BR IN 320 RIVERSIDE CRESCENTFloor planView full size

Floor plan

Floor plan for DISTRESS DEAL: 2-BR IN 320 RIVERSIDE CRESCENT

Distress Deal

PROJECT DESCRIPTION

OVERVIEW

This 2-bedroom in 320 Riverside Crescent is being offered as a Distress Deal at AED 2,440,000. Against the AED 2,815,280 original price plus DLD basis, the current ask shows a 13.3% below original price discount and a headline saving of AED 375,280. The unit is by Sobha, recorded at 1,177 sq.ft, and scheduled for handover in Q3 2027. That gives the buyer a clear number to underwrite today rather than a vague promise of future upside: the real question is whether this discounted basis is strong enough for the project, location and remaining construction timeline.

LOCATION & TRANSPORT

330 Riverside Crescent is situated within Sobha Hartland 2 in Bu Kadra, an emerging residential area located within the Meydan district of Mohammed Bin Rashid City. The site lies roughly southeast of central Dubai and forms part of a large scale mixed use urban expansion initiated by the Government of Dubai. Mohammed Bin Rashid City covers a strategic corridor that connects Downtown Dubai, Meydan, Ras Al Khor and Al Jaddaf. For a buyer, that matters because accessibility and neighbourhood depth will influence both resale liquidity and the quality of the end-user audience once the project completes.

AMENITIES & SURROUNDING

330 Riverside Crescent is configured as a residential skyscraper rising above a structured podium. The stepped podium integrates a retail and leisure zone at ground level with landscaped terraces above. Upper floors contain residential apartments that overlook internal water features and the surrounding community. In practical terms, that surrounding amenity base is what turns a discounted off-plan listing from a spreadsheet idea into a liveable asset with clearer rental and resale support.

MARKET

Residential units within the development have been recorded within Dubai Land Department transaction data as part of off plan sales activity during the construction period. Recorded transactions include one and two bedroom apartments with sale prices ranging from approximately AED 800000 to above AED 2000000 depending on size and configuration. These records illustrate the evolving market pricing environment for newly launched residential units in emerging master planned districts of Dubai. At AED 2,073, the unit sits in a price band that buyers will compare directly with other Sobha Hartland II launches and with nearby Meydan alternatives. The key underwriting question is whether the current basis properly compensates for the remaining off-plan period through Q3 2027. Here the 13.3% below original price discount is meaningful because it improves the entry cost while keeping exposure to one of the better-known branded master communities in the corridor.

CONCLUSION

Overall, this 320 Riverside Crescent listing deserves attention because the discounted basis is visible in the actual numbers, not only in the marketing label. Buyers should weigh AED 2,440,000, 13.3% below original price, 1,177 sq.ft and the run-in to Q3 2027 against the best competing stock in Sobha Hartland II; if it still stands up after that comparison, the opportunity is real.

Location

320 RIVERSIDE CRESCENT — Sobha Hartland II, Dubai

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Illustrative model

Scenario modeller

Set your own assumptions and see how DISTRESS DEAL: 2-BR IN 320 RIVERSIDE CRESCENT 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.

Nothing to calculate yet

Enter the asking price to run the model.

Every figure recalculates as you type. Use the price you are considering.

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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A discounted unit is bought the same way any other is. The questions are just sharper. These are our own guides and articles on buying from overseas, taking on a resale or an off-plan assignment, and what the purchase costs.

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