Near Metro l Direct access to Sheikh Zayed Road
Wasl Gate· Verified Network· Ref RS-L-11906334
Listing data verified in the last few hours
Off‑plan 2‑bedroom apartment priced ~20% below market with a strong gross yield of ~8.9% in a well‑connected Wasl Gate location.
AI Investor Narrative
Why this listing scores the way it does
The listing scores 74 overall, driven by a solid location score (65) and an attractive gross yield estimate (8.9%). Its price per square foot (AED 1,171) is roughly 20% under the inferred district median of AED 1,464, reflecting a clear pricing advantage. Proximity to the Metro and direct access to Sheikh Zayed Road adds a growth corridor premium, supporting the high‑yield outlook. However, as an off‑plan unit, completion risk and potential developer credit concerns temper the score, reflected in a moderate risk index (44).
Deal signals
- underpriced80/100
Price per sqft AED 1,171 is 20% below the district median of AED 1,464.
- high yield70/100
Internal estimated gross yield is 8.9%, above typical Dubai market yields.
- off plan discount60/100
Status is Off‑Plan, which usually carries a discount to compensate for construction risk.
- growth corridor55/100
Location offers direct Metro access and proximity to Sheikh Zayed Road.
Risk flags
- construction delaymedium
Off‑plan status introduces completion timing risk.
- developer creditmedium
City Edge Real Estate's credit profile is not verified in the data.
- liquiditymedium
New off‑plan units can have limited secondary‑market liquidity initially.
Comparables
Negotiation playbook
Anchor the offer on the 20% price gap versus the district median (AED 1,464/sqft vs AED 1,171/sqft) and the fact the unit has been on market for 0 days, indicating seller motivation. Verify the transaction price against the Dubai Land Department register before finalising and aim to capture at least a further 5% discount to reflect construction risk.
Verdict
Yield forecast
3-year appreciation
Market pulse · Wasl Gate
Sentiment +0 · stable
Due to insufficient recent listings, the outlook for Wasl Gate remains uncertain. As a result, it's challenging to predict trends or provide a definitive sentiment score. Further data is needed to assess the residential sub-market's performance accurately.
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SELECTED PROPERTY
Near Metro l Direct access to Sheikh Zayed Road
Intel Score: 74/100
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