Waterfront · Forest Community · High Capital Growth

The unit is listed at 4,376,000 AED (≈1,192,371 USD) for 1,389 sq ft, giving a price of 3,150 AED per sq ft. Our internal benchmark indicates this price is roughly 40 % of comparable market levels, placing it well below the district median. This pricing gap drives the strong size‑adjusted return, with an internal gross yield estimate of 7.3 %, well above typical market yields of 5‑6 % for similar assets. The location in Dubai Maritime City, positioned near waterfront and a planned forest community, aligns with broader KSA‑GCC growth corridors, supporting potential capital appreciation. However, the property is still off‑plan, introducing construction‑phase risk and uncertainty around delivery dates. The developer, Elite Prime Real Estate, is not among the most established brands in the market, which adds a modest developer‑credit concern. With zero days on market, liquidity may be thin, and the lack of recent comparable transactions limits confidence in the price positioning. Investors should also factor that the advertised gross yield will be reduced by service charges, vacancy, and management fees, typically lowering net returns by 1‑2 percentage points.

Given the unit trades at roughly 60% below the estimated district average (price per sqft 3,150 AED vs market), the buyer can anchor negotiations on this discount and the zero days on market, requesting a price reduction that aligns with the 40% market price level. Verify the actual transaction price against the Dubai Land Department register before finalising any offer.

Given the absence of recent transaction data for the area, the market outlook remains uncertain. No clear price or demand trends can be identified, so investors should watch upcoming supply and broader market conditions.