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: 3-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: 3-BR IN 320 RIVERSIDE CRESCENT

Asking price as listedAED 2,440,000AED 1,473 per sq.ft
Original price + DLDAED 4,349,390
DiscountAED 1,909,39043.9% below original price
Unit
3-BR
Size
1,656 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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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 921,287Payable when the unit transfers to the buyer.
  • Payment to sellerAED 767,157
  • 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 921,287
Step 02Payable to Sobha after transferAED 1,672,843The balance of the payment plan, which the buyer takes over.
  • 06/04/2026AED 418,211
  • 03/10/2026AED 418,211
  • On HandoverAED 836,421
  • Total remaining payment planAED 1,672,843

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Layout

Floor plan

Floor plan for DISTRESS DEAL: 3-BR IN 320 RIVERSIDE CRESCENTFloor planView full size

Floor plan

Floor plan for DISTRESS DEAL: 3-BR IN 320 RIVERSIDE CRESCENT

Distress Deal

PROJECT DESCRIPTION

OVERVIEW

320 Riverside Crescent is a 65 storey residential skyscraper currently under development in the Sobha Hartland 2 master community in Bu Kadra, within the wider Meydan district of Mohammed Bin Rashid City, Dubai, United Arab Emirates. The project forms part of the broader waterfront oriented Sobha Hartland 2 development, a large scale master planned residential area designed around landscaped parks, internal road networks and proximity to key Dubai commercial corridors. The building is being developed by Sobha Realty through its subsidiary Sobha, an established real estate developer operating across the Middle East and international markets.

LOCATION & TRANSPORT

320 Riverside Crescent is situated within Sobha Hartland 2 in Bu Kadra, which forms part of the rapidly expanding Mohammed Bin Rashid City urban district. This area is positioned east of Downtown Dubai and south of Dubai Creek Harbour, placing the development within one of the largest mixed use expansion zones in the emirate. Mohammed Bin Rashid City covers a massive land area and includes residential zones, commercial districts, entertainment venues and planned waterfront developments.

AMENITIES & SURROUNDING

The surrounding Meydan and MBR City districts offer a wide range of infrastructure including educational institutions, leisure amenities and hospitality facilities. Schools located within a short driving distance of the property include North London Collegiate School Dubai at approximately 2.2 kilometres and Hartland International School at approximately 2.5 kilometres, both situated within Sobha Hartland. Rashid and Latifa Schools and the Bilingual French International School are also located within a few kilometres. Recreational amenities nearby include The Track Meydan Golf, a golf course located roughly 1.8 kilometres from the development.

MARKET

320 Riverside Crescent will comprise a range of residential apartments including one bedroom, two bedroom and three bedroom units. The building forms part of a larger waterfront themed residential concept within Sobha Hartland 2 where towers overlook landscaped green space and internal water features integrated into the master plan. At launch, unit prices were recorded from around AED 1,800,000 according to project marketing data and early sales information. Official project valuation recorded by the Dubai Land Department indicates a development value of approximately AED 770,883,000. As with many projects within Mohammed Bin Rashid City, the tower contributes to a wider urban regeneration strategy aimed at expanding residential supply within areas located relatively close to Downtown Dubai. Dubai Land Department transaction data indicates multiple off plan sales transactions within the building during 2026, reflecting ongoing investor and purchaser activity during the construction phase.

CONCLUSION

320 Riverside Crescent will comprise a range of residential apartments including one bedroom, two bedroom and three bedroom units. The building forms part of a larger waterfront themed residential concept within Sobha Hartland 2 where towers overlook landscaped green space and internal water features integrated into the master plan. At launch, unit prices were recorded from around AED 1,800,000 according to project marketing data and early sales information. Official project valuation recorded by the Dubai Land Department indicates a development value of approximately AED 770,883,000.

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: 3-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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