This three-bedroom townhouse with a maid's room in Greenridge, Emaar South, is offered at AED 2,700,000. The source records an original price plus the 4% DLD fee of AED 3,172,924, so the asking figure sits AED 472,924, or 14.9%, below original price. The house occupies a 1,850 sq.ft plot with 2,450 sq.ft of built-up area over ground plus one floor, which puts the entry basis at AED 1,102 per sq.ft on built-up area. It faces green space, carries a balcony and allocated parking, and is scheduled for handover in June 2028. The developer is Emaar.
GREENRIDGE · Emaar SouthEmaar · Emaar South
DISTRESS DEAL: 3-BR + Maid's IN GREENRIDGE
- Unit
- 3-BR + Maid's
- Size
- 2,450 sq.ft
- Developer
- Emaar
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 3 September 2026 and is historic. It is not an indication of what the same unit, or a comparable one, would cost today.
On this page
Quick navigation
The numbers
Payment breakdown
- Payment to sellerAED 1,479,646
- DLD Transfer fee (4% of OP + 40 AED)AED 122,076
- Trustee Office FeeAED 5,250
- Buyer's Agency Commission (2% + VAT)AED 56,700
- Total on transferAED 1,663,672
- 60% ConstructionAED 305,089
- 80% ConstructionAED 305,089
- On HandoverAED 610,176
- Total remaining payment planAED 1,220,354
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Show me deals like this oneUnit details
- Property type
- Townhouse
- Plot
- 1,850 sq.ft
- Floor
- G+1
- View
- Green
- Handover
- June 2028
Layout
Floor plan
Distress Deal
PROJECT DESCRIPTION
OVERVIEW
LOCATION & TRANSPORT
Emaar South occupies the southern edge of the city, set around a golf course within the wider Dubai South masterplan. Its position is defined by two pieces of national infrastructure: Al Maktoum International Airport, immediately adjacent, and Expo City Dubai, the permanent district left behind by the 2020 exposition, a short distance north. Emirates Road and Sheikh Mohammed Bin Zayed Road both serve the district and carry traffic north-east towards Jebel Ali, Dubai Marina and the wider city. The Expo 2020 metro extension terminates at Expo City, giving the southern corridor a rail connection that most outer communities lack. The area is still filling in, which means quieter roads now and a changing streetscape over the holding period, and buyers should weigh both sides of that. For a buyer weighing this against a comparable house closer to the centre, the honest comparison is plot and price against journey time, and that calculation is personal.
AMENITIES & SURROUNDING
Emaar South is organised around its 18-hole golf course, with the residential clusters arranged to give as many houses as possible a green or fairway outlook. The community carries its own parks, pools, sports courts, cycling and running routes and a retail and community centre, with further schools and nurseries planned as the population grows. Expo City to the north brings exhibition and event space, public parkland and a growing commercial base into easy reach, and Dubai South's logistics and aviation district supplies much of the local employment. This particular house faces green space rather than another row of houses, which is the more settled aspect within a townhouse cluster. For the full community amenity schedule and the floor plan, please contact us.
MARKET
The 14.9% reduction is measured against the original price plus the 4% DLD registration fee, the basis the source publishes, and it compares the asking figure with what the first buyer committed rather than with current resale evidence. We have not attached a valuation. At AED 1,102 per sq.ft on built-up area the entry basis is low, and the absolute ticket is AED 2,700,000 for a three-bedroom house with a maid's room. The plot at 1,850 sq.ft is modest relative to the 2,450 sq.ft built-up area, which is normal for a townhouse arranged over two levels. Handover is stated as June 2028, so the remaining developer instalments sit alongside the sum payable to the seller on transfer. We will set out both.
CONCLUSION
This suits a family buyer working to a defined budget who wants a green outlook, a maid's room and a house rather than an apartment, and who can wait until 2028. The combination of a 14.9% reduction against original price and an entry basis a little over AED 1,100 per sq.ft on built-up area is the strongest part of the case. Against that, Emaar South is an emerging district rather than an established one, and the streetscape, the retail offer and the traffic pattern will all change over the holding period. That is a matter of timing preference rather than a defect. Before an offer we will confirm the outstanding instalments, the transfer costs and the seller's position. For the floor plan, the payment schedule and current availability, please get in touch.
Location
GREENRIDGE — Emaar South, Dubai
Illustrative model
Scenario modeller
Set your own assumptions and see how DISTRESS DEAL: 3-BR + Maid's IN GREENRIDGE 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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