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.
360 RIVERSIDE CRESCENT · Sobha Hartland IISobha · Sobha Hartland II
DISTRESS DEAL: 2-BR IN 360 RIVERSIDE CRESCENT
- 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.
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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The numbers
Payment breakdown
- 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
- 9/8/2026AED 232,139
- On HandoverAED 928,559
- Total remaining payment planAED 1,160,698
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Floor plan
Distress Deal
PROJECT DESCRIPTION
OVERVIEW
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
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.
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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