EXECUTIVE SUMMARY
Investment Analysis
The property is a distressed asset in the Naya 1 project, presenting an opportunity for potential capital appreciation.
Price per Sq. Ft. Analysis
Price per sq. ft.: AED 2084.33
Discount Analysis
Notably, the property is available at a 9.76% discount from the original listing price.
Yield Potential
Investors may consider leveraging the current market condition to acquire this property at a discounted rate with an anticipation of future yield improvements.
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PAYMENT PLAN
UNIT PRICE | AED 4,242,000 |
PAYMENTS ON TRANSFER
1. Payment to seller | AED 1,981,100 |
2. DLD Transfer fee 4% + 40 AED | AED 169,720 |
3. DLD Registration Trustee fee + 5% VAT | AED 5,250 |
4. Buyer's agent commission 2% + 5% VAT | AED 89,082 |
PAYMENT PLAN SCHEDULE
15-MAR-2026 | AED 452,180 |
15-AUG-2026 | AED 452,180 |
15-MAR-2027 | AED 452,180 |
On Handover (30-SEP-2027) | AED 904,360 |
SUMMARY
Total on Transfer | AED 2,245,152 |
Total remaining Payment Plan | AED 2,260,900 |
TOTAL COST FOR BUYER | AED 4,506,052 |
PROJECT DESCRIPTION
Overview
Naya at District One is a multi building residential development located within District One in Mohammed Bin Rashid City, Dubai. The project forms part of the wider Meydan One district and sits within the master planned community developed by Meydan Group through its District One subsidiary. The complex comprises three residential towers identified as Naya Building 1, Naya Building 2 and Naya Building 3. The towers vary in height with approximately 20 storeys, 17 storeys and 13 storeys respectively. Construction commenced in October 2023 and the estimated handover date is July 2027. The development contains a mix of residential units including one bedroom, two bedroom and three bedroom apartments as well as a limited number of larger residences and lagoon villas located within the broader District One environment. Within the context of the Dubai real estate market, the specific unit referenced in this listing is classified as a distressed asset due to its below market pricing relative to comparable properties within the same development and surrounding community.
Location within Mohammed Bin Rashid City
Naya at District One is situated in District One, a flagship residential area inside Mohammed Bin Rashid City. This large scale urban district lies south east of Downtown Dubai and Business Bay and forms part of the Meydan master development. District One itself is known for low density residential planning, large landscaped areas and the presence of the District One Crystal Lagoon which extends across significant portions of the community. The Naya towers overlook sections of this lagoon and the landscaped corridors surrounding it. The area is located within Al Merkadh and sits within driving distance of several central Dubai districts including Downtown Dubai, Nad Al Sheba and Sobha Hartland. Mohammed Bin Rashid City covers approximately 10800 hectares and continues to expand through phased residential and mixed use construction.
Development structure and residential configuration
The Naya complex consists of three separate residential towers arranged as a single integrated residential cluster. The towers contain a mixture of apartment layouts intended to accommodate a range of residents including individual occupants and family households. Residential units are configured with floor to ceiling windows and integrated kitchen appliances. Buildings include shared lobby areas with twenty four hour security and access control as part of the gated District One community structure. In addition to apartments, the wider project marketing materials reference certain villa style residences located close to the lagoon edge. The community surrounding the buildings dedicates more than sixty percent of its land allocation to landscaped areas including parks, green corridors and recreational pathways. Approximately 8.4 kilometres of cycling and running tracks are integrated across District One.
Developer, contractor and project value
The project is developed by Meydan Group through the District One development entity with master development oversight provided by Meydan Sobha. Construction works were awarded to Bhatia General Contracting Company. According to data recorded by the Dubai Land Department, the overall project value is approximately AED 656870000 which is equivalent to roughly USD 178.9 million at typical exchange rates. The development forms part of the continuing expansion of Mohammed Bin Rashid City which includes residential districts, educational facilities, retail centres and leisure infrastructure. Construction milestones recorded in available datasets indicate first project trace activity in April 2023 and early phase development permissions granted shortly before the commencement of main construction works later that year.
Transport connectivity and accessibility
Positioned close to major road corridors within central Dubai, Naya at District One provides straightforward vehicular access to several established commercial and tourism districts. The drive time to Dubai Mall and the Downtown Dubai area is approximately thirteen minutes under typical traffic conditions. Palm Jumeirah can generally be reached within twenty minutes while Burj Al Arab is accessible in roughly nineteen minutes. The Walk at Jumeirah Beach Residence is approximately twenty four minutes by car. Dubai International Airport is located roughly twenty minutes away depending on traffic flows while Al Maktoum International Airport in Dubai South is approximately forty minutes from the development. The location places residents within commuting distance of Business Bay, DIFC and other major office concentrations.
Community amenities and surrounding infrastructure
Naya at District One is planned with a set of recreational facilities intended for residents of the three buildings. Amenities referenced in project materials include sports courts, tennis or basketball areas, running tracks, landscaped gardens, lounge areas, rooftop terraces and a shared gymnasium facility. Dedicated children play areas and a children pool are also included within the amenity platform design. The surrounding District One environment includes access to the Crystal Lagoon waterfront promenade as well as extensive green corridors designed for outdoor activities. The gated status of the community restricts access points and integrates security monitoring at entrances and building lobbies.
Nearby landmarks and leisure destinations
The location of the development places it within short distance of a number of major Dubai landmarks and leisure destinations. Downtown Dubai with its retail and entertainment concentration around Dubai Mall, the Burj Khalifa tower and Dubai Fountain lies a short drive to the north west. Meydan Racecourse and The Track Meydan Golf are situated less than three kilometres away. The surrounding districts also contain a selection of cinemas, dining destinations and hospitality venues including hotels in Business Bay and Downtown. Recreational sites nearby include Polo Residence Park, Riviera South Park and Riviera West Park located within a few kilometres of the project.
Education and nearby services
Multiple educational institutions operate within short driving distance of the development. Bilingual French International School in Meydan is approximately 1.2 kilometres from the complex. Rashid and Latifa Schools in Nad Al Sheba are located around 2.7 kilometres away. Hartland International School in Sobha Hartland is also roughly 2.9 kilometres from the site and follows a British curriculum framework. These schools serve residents across Mohammed Bin Rashid City and surrounding districts. Retail services, supermarkets and healthcare facilities are also located within Business Bay and Meydan where further commercial infrastructure continues to be developed.
Market classification of the listed unit
The individual property listing associated with this description is identified as a distressed asset within the development. In real estate terminology, a distressed asset refers to a unit being offered at a price below prevailing market comparables due to factors such as liquidity requirements, resale urgency or investor exit strategies. Within the Naya towers and comparable District One residential supply, pricing benchmarks recorded through transaction data typically place units at higher levels depending on size and views. The below market pricing of this specific unit therefore categorises the property as distressed relative to nearby listings and recorded Dubai Land Department transaction ranges, potentially presenting a price differential when compared with other apartments of similar configuration within the same building cluster.
Summary
Naya at District One represents a mid rise residential tower cluster within one of the primary residential zones of Mohammed Bin Rashid City. Developed by Meydan Group and connected to central Dubai districts through major road infrastructure, the project integrates apartment living with landscaped lagoon side amenities and community park networks. Its proximity to Downtown Dubai, Business Bay, Meydan and Sobha Hartland positions it within a central urban corridor of the city. The referenced residential unit is designated as a distressed asset as a result of its below market pricing compared with typical market values recorded for comparable properties inside Naya at District One and the wider District One community.