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PAYMENT PLAN
UNIT PRICE | AED 12,100,000 |
PAYMENTS ON TRANSFER
1. Payment to seller | AED 5,190,940 |
2. DLD Transfer fee 4% + 40 AED | AED 484,040 |
3. DLD Registration Trustee fee + 5%VAT | AED 5,250 |
4. Buyer's agent commission 2% + 5%VAT | AED 254,100 |
PAYMENT PLAN SCHEDULE
On completion of 20% construction of the Project | AED 690,905 |
On completion of 30% construction of the Project | AED 690,905 |
On completion of 40% construction of the Project | AED 690,905 |
On completion of 50% construction of the Project | AED 690,905 |
On Handover | AED 4,145,440 |
SUMMARY
Total on Transfer | AED 5,934,330 |
Total remaining Payment Plan | AED 6,909,060 |
TOTAL COST FOR BUYER | AED 12,843,390 |
PROJECT DESCRIPTION
OVERVIEW
This bulk opportunity comprises five apartments in Highgrove by Ellington, offered at AED 12,100,000. The combined reference price for these units is AED 14,370,865, which means a discount of AED 2,270,865, or 15.8% below the original price. The total area across the five apartments is 5,812 sq.ft, resulting in an entry basis of approximately AED 2,082 per sq.ft. The mix includes two one-bedroom, two two-bedroom, and one three-bedroom apartment, all positioned on higher floors (25–30), with balconies and a variety of views. Handover is scheduled for Q1 2028, and the payment plan allows for staged payments through construction and on completion. The immediate investment thesis is a below-market, multi-unit entry into a branded Ellington project in MBR City, with the flexibility to hold, lease, or resell individual units as the project nears completion and matures post-handover.
LOCATION & TRANSPORT
Highgrove is located in Meydan Horizon, within Mohammed Bin Rashid City (MBR City), one of Dubai’s largest and most strategically positioned master developments. The area is well connected to the wider city, with direct access to Al Khail Road and proximity to Downtown Dubai, Business Bay, and Dubai International Airport. Public transport options are developing, but the area is primarily car-oriented at present, with ride-hailing services widely used. For residents and tenants, the location offers a balance between city access and a quieter, master-planned environment. Investors should note that as infrastructure and retail offerings in MBR City continue to grow, the area’s connectivity and appeal are expected to strengthen, supporting both rental and resale demand over time.
AMENITIES & SURROUNDING
Highgrove by Ellington is designed as a high-amenity residential tower, with 36 storeys and a range of shared facilities. Residents will have access to an infinity-edge leisure pool, fitness studios, a two-storey clubhouse, cinema, barbecue areas, children’s play zones (indoor and outdoor), a dog park, pet grooming salon, yoga and meditation spaces, and a sky dining deck with city views. The project also features a crystal-clear lagoon, offering a water-centric lifestyle within the community. Retail areas, gardens, and observation decks further enhance the living environment. The broader MBR City master plan includes parks, schools, and retail centres, with ongoing development expected to bring additional infrastructure and lifestyle options to the area as it matures.
MARKET
At an average of AED 2,082 per sq.ft, this bulk deal sits below recent transaction levels in Highgrove, where one-bedroom units have transacted at AED 2,379–2,763 per sq.ft in 2026. The discount is therefore tangible against both the developer’s original pricing and current market evidence. The mix of unit types (1BR, 2BR, 3BR) provides flexibility for an investor to target different tenant and buyer profiles, from singles and couples to small families. Ellington’s brand positioning and amenity offering typically attract end-users and long-term tenants seeking design-led living, which can support rentability. Liquidity for bulk deals may be lower than for single units, but the option to resell individually post-handover can mitigate this. Key risk points include construction and handover timing, service charge levels, and the pace of area infrastructure delivery. However, the below-market entry and staged payment plan reduce upfront capital risk and provide time for the area’s value proposition to mature.
CONCLUSION
This bulk acquisition in Highgrove by Ellington offers a discounted, multi-unit entry into a branded project within MBR City, one of Dubai’s most ambitious master-planned communities. The 15.8% discount to original price, below-market price per sq.ft, and flexible payment plan create a clear investor case, especially for those looking to diversify across unit types or build a rental portfolio. The main considerations are construction risk, service charges, and the evolving nature of the surrounding area. For investors comfortable with off-plan exposure and seeking a mid-term hold with potential for both rental income and capital appreciation, this deal provides a structured, value-led entry point. As always, due diligence on payment schedules, developer track record, and area infrastructure is advised, but the fundamentals of the offer are grounded in a visible discount and a maturing location.