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Palm JumeirahAED 3,631/sqftDubai Maritime CityAED 3,135/sqftDowntown DubaiAED 2,922/sqftDubai IslandsAED 2,753/sqftDubai Creek HarbourAED 2,567/sqftBusiness BayAED 2,562/sqftDubai MarinaAED 2,496/sqftDubai Hills EstateAED 2,439/sqftJumeirah Lakes TowersAED 2,279/sqftMohammed Bin Rashid CityAED 2,098/sqftAl JaddafAED 2,047/sqftJumeirah Village TriangleAED 1,665/sqftDubai SouthAED 1,647/sqftArjanAED 1,594/sqftJumeirah Village CircleAED 1,505/sqftDubai Sports CityAED 1,330/sqftALL DLD SALES · OFF-PLAN + EXISTINGPalm JumeirahAED 3,631/sqftDubai Maritime CityAED 3,135/sqftDowntown DubaiAED 2,922/sqftDubai IslandsAED 2,753/sqftDubai Creek HarbourAED 2,567/sqftBusiness BayAED 2,562/sqftDubai MarinaAED 2,496/sqftDubai Hills EstateAED 2,439/sqftJumeirah Lakes TowersAED 2,279/sqftMohammed Bin Rashid CityAED 2,098/sqftAl JaddafAED 2,047/sqftJumeirah Village TriangleAED 1,665/sqftDubai SouthAED 1,647/sqftArjanAED 1,594/sqftJumeirah Village CircleAED 1,505/sqftDubai Sports CityAED 1,330/sqftALL DLD SALES · OFF-PLAN + EXISTING
DLD · MEDIAN 12M TO SEP 2026
Whole Residential Tower — Around 200 ResidencesDubai Maritime City

Luxury Residential Tower — Whole-Building Purchase

A whole luxury residential tower at Dubai Maritime City: around 200 residences in a single institutional line at circa AED 993 million, about AED 3,600 per sq ft.

Register investor interest
Whole-tower priceCirca AED 993 millionApproximate. Every residence in one line — a whole-building price, not a per-apartment price
RateCirca AED 3,600 / sq ftApproximate, and quoted on gross saleable area — balconies and terraces included
ResidencesAround 200Approximate. Per the developer's unit schedule, supplied to Mitchell's 12 September 2026
Gross saleable areaApprox. 275,000 sq ftApproximate, across every residence in the tower

Overview

The opportunity

A WHOLE HIGH-RISE TOWER, OFFERED AS AN INSTITUTIONAL PURCHASE

A whole waterfront residential tower at Dubai Maritime City, offered in a single line at circa AED 993 million — every residence in the building, around 200 of them, across approximately 275,000 sq ft of gross saleable area at about AED 3,600 per sq ft. Those figures are rounded and approximate; the exact schedule is given in writing on enquiry.

The developer is not named on this page. The offer is brought to the market through Mitchell's, and the counterparty, the scheme and the full document set are produced once we are in contact — the reasoning is set out under Sources at the foot of this brief.

A whole-tower acquisition is a different transaction from a unit release: one price, one counterparty, one completion event, one negotiation. The payment plan is negotiable and can be linked to construction progress, and Mitchell's can help arrange financing for the acquisition.

Key information

The asset, the income & the terms

Payment plan
Negotiable, and can be linked to construction progress
Asset
A whole luxury residential tower — every residence, in one line
Location
Dubai Maritime City, on the waterfront
Configuration
High-rise, over a three-tier amenity podium and a ground floor
Residences
Around 200
Gross saleable area
Approximately 275,000 sq ft
Price
Circa AED 993 million
Rate
Circa AED 3,600 per sq ft of gross saleable area
Average per residence
Approximately AED 4.9 million
Financing
Mitchell's can help arrange financing for the acquisition
Completion
Indicated for 2028–2029; the contractual date is the one that governs
Tenure
Confirmed with the developer and against the plot's government record before exchange
Documents
Floor plates, layouts and the full document set on request

Every figure above is rounded and approximate, for the commercial reason given under Sources; the exact figures are provided in writing on enquiry. Price, area and rate per the developer's unit schedule supplied to Mitchell's on 12 September 2026. Configuration and collection areas per the developer's fact sheet and project brochure. Payment terms as at 12 September 2026.

UNIT MIX

  • One bedroom, and one bedroom with studyResidencesAround 90Typical size850–900 sq ft
  • Two bedroom, and two bedroom with maid's roomResidencesAround 80Typical size1,350–1,450 sq ft
  • Three bedroomResidencesAround 25Typical size1,900–1,950 sq ft
  • Four bedroom duplexResidencesSixTypical sizeAround 3,100 sq ft
  • Five bedroom penthouseResidencesOneTypical sizeOn application

Around 200 residences in total, across approximately 275,000 sq ft of gross saleable area. Counts and sizes are rounded from the developer's unit schedule and fact sheet, supplied to Mitchell's on 12 September 2026; the exact schedule is provided on enquiry. Sizes are gross saleable areas — balconies and terraces included. The penthouse area is confirmed on application.

THE PRICE — CIRCA AED 993 MILLION FOR THE WHOLE TOWER

The tower is priced at circa AED 993 million for the whole building: every residence in it, in one transaction, at about AED 3,600 per sq ft across approximately 275,000 sq ft of gross saleable area. That is an average of approximately AED 4.9 million per residence.

Each of those figures is rounded. The exact price, the exact area and the exact rate are in the developer's schedule and are given to you in writing on enquiry — they are not published here because a public page carrying them would let a reader identify the building and approach the developer directly.

The average is arithmetic on the block price rather than an asking price for any individual apartment. This is a single line, and it is priced as one asset.

What a block price buys on top of the building is the shape of the deal. The instalment profile, the completion date, the purchase structure and the way the titles are handled are commercial terms to settle with the developer, not terms handed down on a schedule — which is the practical advantage of taking the tower rather than the unit.

Mitchell's can help arrange financing for the acquisition.

THE AREA BASIS — GROSS SALEABLE AREA, BALCONIES INCLUDED

The rate of about AED 3,600 per sq ft is quoted on gross saleable area, which includes balconies and terraces. This matters more than it looks, and rounding the figures does not soften the obligation to say it.

The developer's own drawings fix the basis. On the one residence in the collection that is drawn in full, the square-metre area published in the fact sheet matches the drawing's total area — internal plus external — and not its internal area. The square-metre areas across the collection, and the gross saleable area this tower is priced on, are therefore total areas.

External space is a material share of that. On that same residence, external area runs to roughly a third of the total.

Mitchell's house standard quotes price per square foot on built-up area, so a built-up rate here is computed on a smaller denominator and reads higher than about AED 3,600. When you benchmark this tower against another building, benchmark basis for basis.

For the built-up areas by unit type, please contact us.

PAYMENT PLAN AND FINANCING

The payment plan is negotiable, and it can be linked to construction progress.

A whole-building purchase is not sold off a published instalment calendar. The structure, the milestones it hangs on and how closely those milestones track the build are commercial terms to settle with the developer — which on an asset under construction is worth a great deal, because it puts the timing of your capital inside the negotiation rather than outside it.

Mitchell's can help arrange financing for this acquisition. Stephen Mitchell has been in Dubai since 2007, and the lending relationships come with that; terms are a conversation, and we will have it with you before you commit to a structure.

Settle the instalment profile and the contractual completion date together. On a line approaching AED 1 billion, how much falls due at completion and when completion falls are the same question asked twice. Completion is indicated for 2028–2029: the developer states two positions rather than one, and the date that governs is the one written into the sale and purchase agreement.

Payment terms as at 12 September 2026. They are a matter for negotiation rather than a published schedule, so no instalment calendar is reproduced here.

Location

Where the asset is located — Dubai Maritime City

Dubai Maritime City

Location

Luxury Residential Tower — Whole-Building Purchase — Dubai Maritime City

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In depth

The rest of the brief

Detail, in the order it was written

THE TOWER AND ITS ARCHITECTURE

A high-rise waterfront tower standing over a three-tier amenity podium and a ground floor. Its residences run from one-bedroom apartments of around 850 sq ft to a single five-bedroom penthouse, and every home has open-plan living and a private balcony.

The mix is weighted to smaller stock. Around 90 residences are one-bedroom or one-bedroom-plus-study and around 80 are two-bedroom, so roughly 85% of the tower is one- and two-bedroom product; about 25 three-bedroom apartments, six four-bedroom duplexes and the penthouse make up the balance. For a single owner that mix is the letting strategy in miniature — a professional and small-family building with a slim tail of larger homes.

The facade is curtain walling with dark stucco, textured paint and bronze-tinted aluminium panels, its balconies set on shifting planes and layered forms that frame the views and screen them. Terraces are cut back to draw in light and airflow and are densely planted, with planting carried at ground and podium level and on the terraces and balconies. Inside, the palette is drawn from raw natural materials. The apartments are oriented to the water and the Dubai skyline.

Architectural descriptions are the developer's own, paraphrased rather than quoted, and not independently assessed. For the floor plates, the unit layouts and the aspect of each stack, please contact us.

THE RESIDENCES — ONE-BEDROOM APARTMENTS TO A FIVE-BEDROOM PENTHOUSE

The collection runs to one- to three-bedroom apartments, four-bedroom duplexes, two-bedroom podium residences and a penthouse.

  • The apartments — the great majority of the tower. Open-plan layouts in a muted palette, designed around natural light. Master bedrooms have private en-suites and integrated storage. Kitchens are open-plan, pairing a neutral palette with organic curves and natural stone, cabinetry flowing into stone surfaces, integrated appliances, concealed storage and ambient lighting. The bathrooms are specified to a spa standard.
  • The four-bedroom duplexes — six of them, at around 3,100 sq ft each. Two-storey homes on paired floor plates, finished to the higher of the two interior schemes.
  • The penthouse — one, crowning the tower. Three floors, five bedrooms including the master suite, and staff quarters, with bespoke interiors: a banqueting table and a breakfast nook, an interior fire pit as the focal point, an expansive terrace with its own outdoor kitchen, a top-floor entertainment suite, and entertainment lounges opening onto private roof gardens and panoramic balconies. Its area is confirmed on application.
  • The podium residences — two bedrooms over three levels. An en-suite to every bedroom, a balcony on each floor and a private rooftop terrace with an outdoor lounge and a plunge pool. They sit on the neighbouring building's podium: part of the same development, and outside this transaction.

INTERIOR SPECIFICATION AND FINISHES

Two interior schemes: one for the one-, two- and three-bedroom apartments, and a higher one for the duplexes and the penthouse.

Element 1, 2 & 3 bedroom Duplex & penthouse
General flooring Ivory porcelain tile Stone
Bedroom flooring Wood-look porcelain tile Timber
Paint Limewash ivory Limewash ivory
General metalwork Bronze Bronze
Accent Bronze mirror Bronze mirror
Joinery Laminate Veneer
Wardrobes Laminate Veneer
Kitchen flooring Limewash porcelain Stone
Kitchen cabinetry Laminate, bronze laminate accent Veneer, bronze laminate accent
Kitchen worktop and splashback Porcelain slab Stone
Kitchen island — Stone
Bathroom flooring Porcelain tile Stone
Bathroom vanity top Porcelain tile Stone
Bathroom vanity joinery Laminate, bronze laminate accent Stone to vanity and shower, veneer cupboards

The developer's material boards — five boards for the apartment scheme, four for the duplex and penthouse scheme.

The step up is material rather than cosmetic: laminate joinery becomes veneer, porcelain becomes stone at the floor, the worktop and the vanity, and wood-look porcelain in the apartment bedrooms becomes timber. The six duplexes and the penthouse carry the higher scheme; every other residence carries the apartment scheme.

The boards set the palette. The full handover specification — appliances and sanitaryware, ironmongery, glazing and facade performance, acoustic and thermal standards, metering and smart-home provision — forms a schedule to the sale and purchase agreement on a purchase of this size. Contact us and we will request it with the contract documents.

THE AMENITY PODIUM

The amenities occupy a single three-tier podium, landscaped throughout and set within a planted park.

The provision runs to a gym and an exercise park; a spa with treatment rooms, tailored therapies and spaces for quiet reflection; a heated pool, a splash pool, a children's pool and a pool bar; a cinema; a yoga studio and an outdoor yoga space; a residents' lounge; a library; an event space; a playground; a podium-level wet area; and the podium park itself. Arrival is by landscaped walkways to a daylit lobby behind expansive glass.

For a single owner the amenity provision is the service-charge base. The podium is shared with a neighbouring building in the same development and with the podium residences, so the apportionment is a term to agree with the developer.

Contact us for the amenity areas, the allocation across the podium levels, the operator and the running costs, and we will put them to the developer with the rest of the underwriting set.

DUBAI MARITIME CITY — THE SETTING AND THE CONNECTIONS

The tower stands on the waterfront of the Dubai Maritime City peninsula, a reclaimed district given over to residential, marine and light-industrial use on the edge of the old city.

It is a central address. On the developer's own published drive times, Downtown Dubai, the Dubai International Financial Centre and Dubai International Airport are each within about twenty minutes, the beach coast within about ten, and the historic quarter and the port a few minutes away. Those are the developer's times and are not independently measured.

Tree-lined retail avenues are part of the district's offer, with restaurants, coffee roasters and boutiques planned at street level. Whether any retail forms part of this transaction, and what relationship it has to the tower's service charge, is a term to settle with the developer.

The strategic point for an institutional buyer is concentration. This tower sits inside a single large master-developed estate in the district, where one developer controls the delivery programme, the amenity provision and the release of competing stock into the same micro-market over the same period. For the owner of one apartment that is coherence. For the owner of an entire tower it is a question worth putting on the table — the phasing of the neighbouring buildings, and what it means for your letting and resale window.

THE COUNTERPARTY AND DUE DILIGENCE

The seller is an established Dubai luxury residential developer with a substantial delivery programme in this district. It is named to you, in writing, once we are in contact.

On a transaction of this size, counterparty due diligence — corporate structure, balance sheet, delivery record, and which legal entity signs — is work to commission rather than to take on trust, and we co-ordinate it alongside the commercial terms. Nothing on this page is a statement about the developer's financial standing, and none is implied.

TERMS TO SETTLE BEFORE EXCHANGE

These are the terms a whole-building purchase turns on, and the list Mitchell's puts to the developer on your behalf in a single request.

  • Tenure and the ownership route. The tenure recorded against the plot, confirmed against the Dubai Land Department's record, and the route by which your nationality, company or fund takes title.
  • The escrow arrangement. The account instalments are paid into, and the conditions on which they release.
  • The plot and the consent. Plot number, registered plot area, and the consented gross floor area and height the scheme is approved against.
  • The construction programme. The building permit, the stage of works on site measured rather than described, and the milestones the payment plan can be linked to.
  • The completion date, contractually. Fixed in the sale and purchase agreement, and settled at the same time as the instalment profile.
  • The block-purchase structure. Whether the residences transfer as one title or individually, how interim registration is handled across a block sale, what the transfer fee is assessed on, and any assignment or resale restriction.
  • The service charge and the podium. The budget, and how the cost of the shared podium is apportioned between this tower, the neighbouring building and the podium residences.
  • Parking and district cooling. The provision, whether spaces are titled, and the cooling contract and its tariff.
  • The handover specification. The schedule to the contract, over and above the material palette.
  • The retail. Whether any of the retail marketed in the district forms part of this transaction.

Mitchell's runs the underwriting model with you as each of these lands. The service charge, achievable rents by unit type at Dubai Maritime City, the parking provision and the district-cooling tariff are the inputs that move the return — contact us and we will assemble them with the developer and model the tower on your assumptions.

FLOOR PLATES, LAYOUTS AND THE DOCUMENT SET

The document set moves by request rather than by download, which is how a whole-building transaction should work: you receive the set that answers your questions, and the developer's identity travels with it.

We hold and will send the developer's fact sheet, the project brochure, the material boards, the podium residence floor plans, floor plates and render library.

For this tower's floor plates, the apartment layouts and a unit-by-unit inventory, please contact us. They are requested from the developer together with the underwriting items above, so that the answers arrive in one set.

Contact Mitchell's for the floor plates, the layouts and the full document set — and for financing, which we can help arrange on this acquisition.

Got questions?

Get Answers!
Questions

COMMON QUESTIONS

What is being sold?

The whole tower. The developer's schedule covers every residence in the building — around 200 of them — and prices them together at circa AED 993 million: approximately 275,000 sq ft of gross saleable area at about AED 3,600 per sq ft. Those figures are rounded; the exact schedule is provided in writing on enquiry.

This is a single institutional line rather than a unit release. The average of approximately AED 4.9 million per residence is arithmetic on the block price, not an asking price for any individual apartment. For a per-unit position, please contact us.

Why is the building not named on this page?

Because the offer is brought to the market through Mitchell's, and a named counterparty on a public page is an invitation for a reader to approach the developer directly and cut out the adviser who assembled the line.

Nothing is withheld from a buyer. The developer, the scheme, the exact schedule and every document listed under Sources are produced in full once we are in contact and the usual confidentiality is in place. Contact us and we will take you through it.

What is the rate per square foot measured on?

Gross saleable area, which includes balconies and terraces. The developer's own drawings fix the basis: on the one residence drawn in full, the square-metre figure published in the fact sheet matches the drawing's TOTAL area — internal plus external — rather than its internal area. External space runs to roughly a third of the total on that residence.

Mitchell's quotes price per square foot on built-up area as a house standard, so a built-up rate here would be computed on a smaller denominator and would read higher than about AED 3,600. Benchmark basis for basis. For the built-up areas by unit type, please contact us.

What are the payment terms on a whole-tower purchase?

The payment plan is negotiable and can be linked to construction progress. A whole-building purchase is not sold off a published instalment calendar, so the structure and the milestones it hangs on are commercial terms to settle with the developer.

Mitchell's can help arrange financing for the acquisition. Settle the instalment profile and the contractual completion date in the same conversation, in writing.

Can Mitchell's arrange financing for this acquisition?

Yes. Mitchell's can help arrange financing for the purchase, and we take that conversation forward alongside the commercial negotiation with the developer.

Terms depend on the buyer, the structure and the security, so they are a conversation rather than a published product. Contact us and we will take you through what is available.

When does the tower complete?

Completion is indicated for 2028–2029. The developer states two positions rather than one, and the date that governs is the one written into the sale and purchase agreement — so it is fixed contractually rather than taken from marketing material.

On a line of this size, how much falls due at completion and when completion falls are the same question, so fix the date and the instalment profile together.

Is it freehold?

Tenure is confirmed with the developer and against the Dubai Land Department's record for the plot before exchange, together with the ownership route available to your nationality or holding structure.

Contact us and we will obtain the tenure position in writing. This is not legal advice.

What is specified inside the residences?

Two interior schemes. The one-, two- and three-bedroom apartments take limewash ivory paint, bronze metalwork and bronze mirror accents, laminate joinery and wardrobes, ivory porcelain floors with wood-look porcelain in the bedrooms, and porcelain slab kitchen worktops and splashbacks. The four-bedroom duplexes and the penthouse step up to stone floors, stone worktops and a stone kitchen island, timber bedroom floors and veneer joinery throughout.

The full handover specification forms a schedule to the sale and purchase agreement. Contact us and we will request it with the contract documents.

What amenities does the building offer?

The amenities sit on a single landscaped three-tier podium: a gym and exercise park, a spa with treatment rooms, a heated pool, a splash pool, a children's pool and a pool bar, a cinema, a yoga studio and an outdoor yoga space, a residents' lounge, a library, an event space, a playground and the podium park.

For a single owner the amenity provision is the service-charge base, and the podium is shared with a neighbouring building in the same development, so the apportionment is a term to agree. Contact us for the amenity areas, the podium allocation, the operator and the running costs.

Can I see the floor plates and layouts?

Yes — please contact us. On a whole-building transaction the document set moves by request rather than by download.

We hold and will send the developer's fact sheet, project brochure, material boards, podium residence floor plans, floor plates and render library. The floor plates for this tower, the apartment layouts and a unit-by-unit inventory are requested from the developer alongside the underwriting items, so the answers arrive in one set.

How is a whole-tower purchase like this underwritten?

Mitchell's builds the model with you from confirmed inputs: the service charge, achievable rents by unit type at Dubai Maritime City, the parking provision, the district-cooling tariff and the apportionment of the shared podium.

Every figure on this site is sourced and dated, so the return is modelled on your own assumptions once those inputs are in writing. Contact us and we will assemble them with the developer.

Please note. The above is general information about how transactions work in Dubai, not legal, tax or financial advice, and it is not a recommendation to buy. Fee rates, tenure rules and residency requirements change, and your own position may differ. Take your own independent legal and tax advice before you commit to a purchase.

Small print

Sources, provenance & what is not published

Every figure on this page is traceable

SOURCES

  • Why the building, the developer and the scheme are not named here. This is a whole-building line brought to the market through Mitchell's. Naming the counterparty on a public page would let any reader approach the developer directly and cut out the adviser who assembled the offer, which is the one thing that would stop the page doing its job. Nothing is withheld from a buyer: the developer, the scheme, the exact figures and every document listed below are produced in full, in writing, once we are in contact and the usual confidentiality is in place.
  • Why the figures are rounded. The residence count, the gross saleable area, the rate per square foot and the whole-building price are published here rounded and labelled approximate, for the same reason — an exact nine-figure price or an exact unit count is a searchable string that identifies the building on its own. Every rounded figure on this page is marked as approximate at the point it is printed, and no rounded figure is presented as exact. The exact figures are in the developer's schedule and are given to you in writing.
  • The developer — unit schedule for this tower, supplied to Mitchell's 12 September 2026. The source for the residence mix by type, the gross saleable area, the rate per square foot and the whole-building price. The three headline figures are whole-building totals, and the schedule reconciles internally: the fact sheet's areas summed across every residence agree with the stated gross saleable area to within 0.02%, a difference that comes from rounding to whole square metres, and the area multiplied by the rate agrees with the stated price, which is the round-down.
  • The developer — project fact sheet, 19 pages. The building configuration, the podium and ground floors, the collection areas by residence type, the design statement, the terrace and landscape description, the podium residences, the penthouse, the amenity schedule, and the published drive times.
  • The developer — project brochure, 49 pages. The facade specification, the orientation statement, the residence collection, the kitchen, bedroom and bathroom descriptions, the podium residence and penthouse descriptions, the arrival and lobby sequence, and the cinema, library, spa, pool bar, yoga studio and wet-area amenity narrative.
  • The developer — payment plan, held on file. One of the two completion positions. No instalment calendar is reproduced on this page, because the terms on this transaction are negotiable rather than fixed.
  • The developer — floor plans, podium residences, 5 pages A3. The internal, external and total areas that establish the gross-saleable-area basis, and the three-level arrangement.
  • The developer — floor plates, 12 pages A3. The stacking, the typical floor and key-plan aspects, the podium levels and the penthouse floors.
  • The developer — material boards, 13 pages. The two interior specifications: five boards for the apartment palette, four for the duplex and penthouse palette.
  • The developer — launch announcement, 2025. The scheme's design attribution, the second completion position, and the district masterplan it sits inside. Every corporate and scheme figure in it is the developer's own and is not independently verified here; the announcement itself is not linked, because a link would name the scheme.
  • This brief carries the developer's own material only. A whole-building institutional deal does not carry the government register bands this site puts on a unit-sale brief, so every figure above traces to one of the documents listed here — rounded as described, and exact on enquiry. Descriptive language throughout is paraphrased from those documents rather than quoted from them.
  • No third-party portal or aggregator is relied on for anything, including tenure. Tenure is confirmed against the plot's own government record before exchange rather than repeated from a marketing page.
  • Imagery — exterior, interior and amenity renders supplied by the developer. They are the developer's own CGI and carry its standing disclaimer: non-binding, illustrative only, subject to change, with loose furniture, fixtures, lighting, wall cladding and mounted items excluded, and the sale and purchase agreement prevailing in any conflict. The developer's floor plans and floor plates carry the same clause — only the information in the final sale and purchase agreement carries legal significance.

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