3 Bedroom Apartment for Sale · Multiple Units Available

The unit is a 3‑bedroom, 5‑bathroom apartment of 2,323 sqft listed at AED 7,200,000 (USD 1,961,853) with a price per sqft of AED 3,099. The internal baseline assigns it a location score of 81 and an overall score of 61, indicating a strong neighbourhood but a moderate overall attractiveness. The internal estimated gross yield of 6.4% is above the typical Dubai market range, suggesting a potentially attractive cash‑flow proposition. However, the internal price‑vs‑market indicator shows the asking price is about 3% above the district median, and there are no comparable transaction samples to validate this premium. The risk index of 28 is relatively low, and the property is listed as Ready, eliminating construction‑delay concerns. The developer field lists Meerab Estates Brokerage, which is a brokerage rather than a known developer, introducing a modest developer‑credit risk. Days on market is 0, meaning the listing is fresh but does not necessarily signal seller motivation. Liquidity risk is heightened by the absence of comparable sales data for Al Wasl, making it harder to gauge resale speed. Investors should treat the 6.4% figure as gross yield. After accounting for service charges, vacancy, and management fees (typically 1–2 percentage points), the net yield is likely in the 4.4%–5.4% band. The lack of concrete district price benchmarks and the broker‑developer ambiguity warrant a cautious approach despite the appealing gross yield.

Lead with conditions, not price. Ask for service-charge clarity, payment-plan flexibility and any developer cash incentives before discussing a discount.

Al Wasl lacks sufficient transactional evidence to establish reliable pricing, velocity, or sentiment signals. With zero recent listings in the sample, directional forecasting is not defensible. Investors should source primary data directly from agents and transaction records before committing capital.