DISTRESS DEAL: 2-BR + MAID'S IN NAYA 3

Overview

Naya Building 3 is a 17 storey residential tower located within Naya at District One, a sub development situated in District One within Mohammed Bin Rashid City in Dubai. The building forms one of three structures collectively known as Naya at District One, alongside Naya Building 1 and Naya Building 2. The project is located in the Meydan area, which is part of the broader Mohammed Bin Rashid City master development. Naya Building 3 is planned to contain a mix of residential layouts comprising one bedroom, two bedroom and three bedroom apartments. The wider development forms part of the continuing expansion of residential districts surrounding Business Bay and Downtown Dubai. Certain apartments within the project are marketed as distressed assets due to pricing that falls below typical prevailing market benchmarks for comparable units within the immediate supply pipeline.

Location within Mohammed Bin Rashid City

Naya Building 3 is located in District One, a residential district within Mohammed Bin Rashid City positioned southeast of Downtown Dubai and north of Meydan Racecourse. The approximate coordinates place the project along the development corridor that connects Meydan and Business Bay with the expanding residential zones of Meydan One. Mohammed Bin Rashid City is a large scale mixed use master community covering thousands of hectares and containing multiple residential clusters, retail zones and recreational amenities. District One is particularly recognised for waterfront landscapes, residential apartment clusters and villa communities arranged around a crystal lagoon concept. Naya Building 3 is situated near several mid rise residential developments and landscaped internal road networks connecting the neighbourhood with Al Meydan Road and other regional transport arteries.

Transport Connectivity

The surrounding road infrastructure connects the building to a number of major highways used across Dubai. Al Meydan Road provides a principal route west toward Business Bay and Downtown Dubai, while Community access roads connect eastward toward Nad Al Sheba and the Dubai Al Ain corridor. Sheikh Zayed Road can be accessed via the Business Bay interchange network approximately several kilometres away. Travel time by car from the District One area to Downtown Dubai generally ranges from ten to fifteen minutes depending on traffic conditions. Dubai International Airport lies approximately fifteen to twenty minutes to the northeast via Al Khail Road or Ras Al Khor Road. Public transport connectivity currently relies mainly on road based transit links and taxi or ride service networks, although future infrastructure associated with the Mohammed Bin Rashid City master plan proposes expanded urban transport integration across the district.

Building Structure and Residential Layout

The structure of Naya Building 3 rises seventeen floors above ground level and is designed as a mid rise residential building within the broader Naya cluster. Residential inventory is composed primarily of one bedroom apartments, two bedroom units and a selection of three bedroom residences. Apartment layouts follow a typical contemporary configuration used across mid rise developments in the Meydan and Mohammed Bin Rashid City districts. The building integrates communal facilities shared across the Naya at District One development. Shared amenities are expected to include sports courts, running tracks, landscaped zones and indoor recreation areas. Additional facilities distributed across the complex include a rooftop terrace area, swimming pools for adults and children, cabana zones, play areas for families and a gymnasium facility serving the residential population of all three buildings within the project.

Neighbouring Communities and Urban Context

Several neighbouring residential communities are situated within a short radius of Naya Building 3. The wider Mohammed Bin Rashid City district is located approximately 0.8 kilometres from the site and serves as the overarching master development for a range of residential and commercial projects. The Polo Residence is situated around one kilometre away and includes apartment complexes arranged around landscaped courtyards. Meydan, the district known for the Meydan Racecourse and the Dubai World Cup, lies around 2.3 kilometres to the north west. Additional residential zones close to the development include Azizi Riviera at approximately 2.6 kilometres and Sobha Hartland at around 3.1 kilometres. Larger commercial and mixed use districts such as Business Bay and Downtown Dubai lie roughly between 3.8 and 4.5 kilometres from the location and provide access to major retail, office and entertainment clusters.

Nearby Recreational Facilities

Various recreational and leisure attractions exist within a relatively short driving distance of the project. Dubai Bowling Center lies approximately 3.7 kilometres away and offers sports and leisure activities. KidZania and Dubai Mall family entertainment venues are located roughly 4.3 kilometres away within the Downtown Dubai district. Bay Avenue Mall and Park in Business Bay also sits within approximately 4.3 kilometres. Nearby green spaces include Polo Residence Park roughly one kilometre away and multiple parks associated with the Azizi Riviera residential development between two and three kilometres away. Golf facilities close to the project include The Track Meydan Golf located approximately 2.5 kilometres away and Dubai Hills Golf Club around 4.6 kilometres away. These facilities contribute to the broader recreation environment surrounding the Mohammed Bin Rashid City residential zone.

Hospitality and Retail Environment

Hospitality venues located within the nearby Meydan and Business Bay areas include a range of hotels such as Meydan Hotel approximately 1.3 kilometres from the project. Other nearby hotels include Citymax Business Bay, Grand Millennium Business Bay and Holiday Inn Business Bay which are positioned roughly between 2.6 and 2.7 kilometres away. These hospitality venues contain restaurants, cafes and lounge facilities that serve both visitors and neighbouring residential communities. Retail and dining clusters are primarily concentrated in Business Bay and Downtown Dubai where large commercial centres including Dubai Mall operate as regional retail hubs. Smaller retail areas are distributed across neighbourhood scale developments such as Azizi Riviera and Sobha Hartland, each containing convenience retail and community services.

Education and Community Infrastructure

Several educational facilities are located within a short distance of Naya Building 3. Bilingual French International School is located approximately 1.2 kilometres from the development in Meydan and provides international curriculum programmes. Rashid and Latifa Schools are located approximately 2.7 kilometres away in Nad Al Sheba and offer British curriculum education. Hartland International School in Sobha Hartland lies around 2.9 kilometres away and is also rated highly within Dubai school inspection assessments. Additional institutions such as Towheed Iranian Boys School operate within the surrounding districts. The presence of multiple established educational facilities within a short travel distance contributes to the availability of schooling infrastructure for families residing within Mohammed Bin Rashid City.

Market Context and Pricing Classification

The residential market within Mohammed Bin Rashid City has experienced steady development due to its proximity to Downtown Dubai, Business Bay and the Meydan corridor. Apartments within Naya Building 3 are positioned within the mid rise residential supply associated with District One. Some units offered within the building are characterised as distressed assets in property listings, meaning they are marketed significantly below prevailing market pricing for comparable properties within the same development phase or surrounding communities. Distressed asset classification is typically associated with motivated sellers seeking accelerated disposition of units in either off plan or secondary market transactions. As such, certain apartments within Naya Building 3 may appear at discounted values relative to broader supply across the District One neighbourhood.

Summary

Naya Building 3 forms part of the Naya at District One development located within the larger Mohammed Bin Rashid City master plan. The seventeen storey residential building provides one bedroom, two bedroom and three bedroom apartments alongside shared recreational facilities distributed across the three building complex. Its location near Meydan and Business Bay places the development within close proximity of major commercial districts, leisure destinations and transport routes connecting to Downtown Dubai and Dubai International Airport. The surrounding district includes schools, parks, golf courses, retail centres and hospitality venues within a short driving distance. Within the project inventory, certain residential units are positioned in the market as distressed assets owing to below market pricing relative to comparable properties in the surrounding residential supply.