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 360 RIVERSIDE CRESCENT — distress deal in Sobha Hartland II from Mitchell's Commercial Real Estate360 RIVERSIDE CRESCENT · Sobha Hartland II

Sobha · Sobha Hartland II

DISTRESS DEAL: 2-BR IN 360 RIVERSIDE CRESCENT

Asking price as listedAED 2,140,000AED 2,344 per sq.ft
Original price + DLDAED 2,414,252
DiscountAED 274,25211.4% below original price
Unit
2-BR
Size
913 sq.ft
Developer
Sobha
Handover
Q4 2027

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

Sold
Listed 13 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 13 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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Payment breakdown

Total cost for buyer, as listedAED 2,275,830The unit price plus the transfer fees and commission — the whole commitment, not the headline.
Unit priceAED 2,140,000
Fees and commissionAED 135,830
Step 01Due at transferAED 1,115,132Payable when the unit transfers to the buyer.
  • Payment to sellerAED 979,302
  • DLD Transfer fee 4% + 40 AEDAED 85,640
  • DLD Registration Trustee fee + 5% VATAED 5,250
  • Buyer's agent commission 2% + 5% VATAED 44,940
  • Total on transferAED 1,115,132
Step 02Payable to Sobha after transferAED 1,160,698The balance of the payment plan, which the buyer takes over.
  • 9/8/2026AED 232,139
  • On HandoverAED 928,559
  • Total remaining payment planAED 1,160,698

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Layout

Floor plan

Floor plan for DISTRESS DEAL: 2-BR IN 360 RIVERSIDE CRESCENTFloor planView full size

Floor plan

Floor plan for DISTRESS DEAL: 2-BR IN 360 RIVERSIDE CRESCENT

Distress Deal

PROJECT DESCRIPTION

OVERVIEW

360 Riverside Crescent is a 73-storey residential skyscraper currently under development within the Sobha Hartland 2 master community in Bu Kadra, part of the wider Meydan district in Mohammed Bin Rashid City, Dubai. The building forms part of an expanding residential cluster positioned east of Meydan Racecourse and north of Dubai Al Ain Road. The project is being delivered by Sobha Realty through its subsidiary Sobha, a developer active in high-density residential and mixed-use schemes throughout Dubai. Construction of the tower commenced in May 2024 and the estimated completion date is June 2027.

LOCATION & TRANSPORT

The building sits within the Sobha Hartland 2 neighbourhood, a master planned district positioned inside Mohammed Bin Rashid City roughly five kilometres south of Downtown Dubai. Bu Kadra sits near several established residential zones including Sobha Hartland, Meydan, District One, and Azizi Riviera. The surrounding districts collectively form one of Dubai's largest mixed-use urban expansions with residential towers, villas, landscaped parks, retail space and waterfront infrastructure.

AMENITIES & SURROUNDING

Facilities planned within the development include a collection of shared recreational and wellness amenities typical of high rise residential towers. These amenities include swimming pools, lagoon pools and landscaped outdoor leisure areas integrated into the project podium. Sports facilities listed for the development include badminton courts, padel courts, a basketball half court, squash courts and volleyball space. The building will also contain indoor gym facilities and jogging trails integrated into surrounding landscaped areas.

MARKET

The tower rises across 73 floors above ground supported by two basement levels dedicated to vehicle parking. The residential programme includes a mix of one-bedroom and two-bedroom apartments designed for vertical urban living within a high-density tower configuration typical of contemporary Dubai residential clusters. Layout sizes vary across the building depending on floor level, with apartment sizes commonly ranging between approximately 692 square feet and more than 925 square feet for larger units. Interior orientations provide outward views across surrounding neighbourhoods including Meydan Racecourse to the west and Ras Al Khor industrial and wetland areas toward the east. According to information associated with the Dubai Land Department registry, the total project value of 360 Riverside Crescent is recorded at approximately AED 686137000.

CONCLUSION

The tower rises across 73 floors above ground supported by two basement levels dedicated to vehicle parking. The residential programme includes a mix of one-bedroom and two-bedroom apartments designed for vertical urban living within a high-density tower configuration typical of contemporary Dubai residential clusters. Layout sizes vary across the building depending on floor level, with apartment sizes commonly ranging between approximately 692 square feet and more than 925 square feet for larger units.

Location

360 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 360 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.

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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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