District One - The Residences is a residential, gated community communityfeaturing one, two, and three-bedroom apartments located within low andmid-rise towers. The development is located within the District One Meydan development.The towers range from four to sixteen storeys and offerbeautiful views of the crystal lagoon, as well as the green spaces around thecommunity. The apartments wil have floor-to-celiing windows to allow fornatural light to flow into the apartment, as well as, offer views of the lagoonand skyline. The development will also have a health centre, community area,super markets and retail, boardwalk, community parks, as well as a school andnursery. These are luxury apartments located in close proximity toDowntown Dubai.
|1 Bedroom ||738 sq. ft. |
|2 Bedroom + Maid||1,263 sq. ft. |
|3 Bedroom + Maid||1,736 sq. ft. |
- 1 Bedroom from AED 1,179,920
- 2 Bedrooms + Maid from AED 2,083,845
- 3 Bedrooms + Maid from AED 2,863,845
|10% ||Down Payment|
|5%||Upon 20% construction completion|
|5% ||Upon 30% construction completion|
|10% ||Upon 40% construction completion|
|10%||Upon 50% construction completion|
|10% ||Upon 60% construction completion|
|50%||Upon completion (Q4-2019)|
About District One, Meydan
When completed, District One will probably be Dubai’s premiere residential address rivaling the VIP addresses of Jumeirah, Palm Jumeirah, Emirates Hills and certain clusters within Dubai Hills Estates.
District One features mansions, luxury villas, and apartments.
District One is a part of Mohammad bin Rashid City which stretches from one end of Al Khail Road to another. This particular project, called District 1, is a joint venture between Sobha Developers and Meydan. It is located directly behind Business Bay and Downtown Burj Dubai. As per Developer press-releases, a total of 1,500 villas will be released over four phases. The entire project will probably be completed by 2020.
One of the main features of the project is a 7 KM lagoon to be constructed by pool technology company Crystal Lagoons.
Villas & Mansions Unit Sizes
|4 Bedrooms Villas||6,144sqft – 6,974sqft|
|5 Bedrooms Villas||7,540sqft – 9,157sqft|
|6 Bedrooms Villas||9,579sqft – 11,096sqft|
|7 Bedrooms Mansion||16,363sqft – 27,344sqft|
|8 Bedrooms Mansion||34,593sqft – 37,472sqft|
- 4 Bedrooms Villas from AED 14 million to AED 14.7 million
- 5 Bedrooms Villas from AED 16.5 million to AED 20 million
- 6 Bedrooms Villas from AED 21 million to AED 26 million
- 7 Bedrooms Mansions from AED 42 million to AED 75 million
- 8 Bedrooms Mansions from AED 90 million to AED 100 million
Dubai Land Classification & Escrow Account Details:
Land Number: 290
Project Number: 1703
Real Estate Developer: MEYDAN SOBHA
Trust Account Number: 18149526
Account Trustee Name: ABU DHABI ISLAMIC BANK
RERA Permit No:: 15128
Brokerage Firm: Taktical Realty Group LLC