Distress Deal
This unit has sold and is no longer available. 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.
On this page
The numbers
| UNIT PRICE | AED 2,385,000 |
| 1. Payment to seller | AED 1,363,013 |
| 2. DLD Transfer fee 4% + 40 AED | AED 95,440 |
| 3. DLD Registration Trustee fee + 5% VAT | AED 5,250 |
| 4. Buyer's agent commission 2% + 5% VAT | AED 50,085 |
| 11-JUN-2026 | AED 255,497 |
| 08-DEC-2026 | AED 255,497 |
| On Handover (31-DEC-2027) | AED 510,993 |
| Total on Transfer | AED 1,513,788 |
| Total remaining Payment Plan | AED 1,021,987 |
| TOTAL COST FOR BUYER | AED 2,535,775 |
Photography
Distress Deal
This 2.5-bedroom apartment in 340 Riverside Crescent, Sobha Hartland II, is offered as a distress deal at AED 2,385,000. The original price, including DLD fees, was AED 2,657,166, placing the current entry at a 10.2% discount to the reference price. With a built-up area of 1,131 sq.ft, the price per square foot stands at AED 2,109. The layout includes two full bedrooms plus a flexible half-bedroom, which can serve as a study, child’s room or guest space. The unit is positioned on a mid-to-high floor (levels 20-27) and features a lagoon view and balcony. Handover is scheduled for Q4 2027, so the investment case is for a forward-purchase in a new-build, with the buyer securing a below-market entry in a project by a recognised developer. The payment plan structure allows for staged payments, with a significant portion due on transfer and the remainder spread through to completion, which may suit investors seeking to manage cash flow while locking in today’s pricing.
340 Riverside Crescent is located in Sobha Hartland II, part of the larger Mohammed Bin Rashid City master development. This area is positioned along the Dubai Water Canal corridor, offering a balance between proximity to Downtown Dubai and the emerging Meydan and MBR City districts. The site benefits from direct access to the Ras Al Khor Road and Al Ain Road, providing straightforward connectivity to Business Bay, Downtown, DIFC and Dubai International Airport. Public transport options are developing, with the area primarily served by private vehicles, ride-hailing and planned future bus links. For investors, the location’s appeal lies in its access to both established and up-and-coming districts, supporting demand from professionals, families and tenants seeking a central but less congested alternative to core city neighbourhoods.
The project is designed as a high-rise residential tower with 57 floors, offering a range of amenities aimed at both end-users and rental tenants. Residents will have access to a lagoon pool, sky gardens, gym, jogging trails, badminton and squash courts, padel tennis, a volleyball court and a basketball half-court. The building also features landscaped podiums, children’s play areas and direct access to the waterfront promenade. Dining options are planned along the boardwalk, with retail and convenience outlets expected as the wider Hartland II community matures. The surrounding district is master-planned for green spaces, schools and healthcare facilities, with established retail at Hartland Mall and easy access to Meydan’s leisure and sporting venues. The amenity profile is therefore positioned to attract both families and professionals, with a focus on active, community-oriented living.
At AED 2,109 per sq.ft, this unit is priced below the most recent transaction benchmarks for similar off-plan stock in 340 Riverside Crescent, where smaller two-bedroom units have transacted at AED 2,385–2,400 per sq.ft. The 2.5-bedroom format offers additional flexibility, which may appeal to tenants or buyers seeking a work-from-home space or extra room for family needs. The off-plan nature means the buyer is exposed to construction and handover risk, but the developer, Sobha, has a track record of delivering large-scale residential projects in Dubai. Liquidity for resale prior to handover will depend on overall market conditions and the pace of community delivery, but the below-market entry provides a buffer against moderate price shifts. Rental demand in the Hartland and MBR City corridor has been supported by new school openings and the ongoing shift of professionals seeking alternatives to Downtown and Business Bay. The main risk factors are construction timing, future service charges and the pace at which the wider Hartland II infrastructure matures.
This distress deal in 340 Riverside Crescent offers an investor a discounted entry into a new-build, mid-to-high floor apartment with a flexible 2.5-bedroom layout and lagoon views. The payment plan structure and below-market pricing create a case for both end-user and rental investor profiles, provided the buyer is comfortable with the off-plan timeline and the associated delivery risk. The project’s amenity offering and location within Sobha Hartland II support the long-term rental and resale thesis, but investors should remain aware of construction progress and future service charge levels. Overall, this is a pragmatic opportunity for those seeking exposure to a maturing Dubai corridor, with the discount providing a margin of safety against typical off-plan risks. The deal is best suited to buyers who value staged payments, developer credibility and a central, amenity-rich address with future growth potential.
Illustrative model
Set your own assumptions and see how DISTRESS DEAL: 2.5-BR IN 340 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 actually considering.
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 Realty is a trading brand; the RERA-licensed entity is The Luxury Real Estate Brokers LLC.
340 RIVERSIDE CRESCENT — Sobha Hartland II, Dubai
