Skyline View 1BR · Furnished Apartment · Lagoon & Park Views
Mohammed Bin Rashid City· Verified Network· Ref RS-L-12255005
Listing data verified in the last few hours
One‑bedroom off‑plan apartment priced about 27% below market delivering a gross yield of roughly 7.6%.
AI Investor Narrative
Why this listing scores the way it does
The unit is a 1‑bed, 2‑bath apartment of 949 sqft in Mohammed Bin Rashid City, offered at AED 1,798,110 (≈AED 1,895 per sqft). Internal scoring shows a strong overall rating (81) and a location score of 81, indicating a desirable sub‑market. The internal price‑vs‑market metric of -27% signals a material discount relative to the district median price per sqft, which we estimate at AED 2,596. This discount underpins the attractive gross yield of 7.6% supplied by the internal model. Being off‑plan adds upside potential if the development delivers on schedule and the market remains buoyant, but it also introduces construction‑delay and developer‑credit risk. The internal risk index of 38 suggests moderate exposure, primarily from the off‑plan nature rather than macro‑geopolitical factors. Investors should treat the 7.6% figure as gross; after accounting for service charges, vacancy and management fees, net returns are likely 1–2 points lower, placing net yield in the 5.5%–6.5% range.
Deal signals
- underpriced80/100
internal_priceVsMarket_percent -27 indicates price 27% below district median
- high yield75/100
internal_estimated_yield 7.6% gross yield
- off plan discount70/100
status Off-Plan often carries developer discounts
Risk flags
- construction delaymedium
Off‑plan unit may face delivery schedule risk
- developer creditmedium
Developer Elite Prime Real Estate not widely benchmarked
- liquiditylow
Off‑plan units can be less liquid than completed inventory
Comparables
Negotiation playbook
Confirm the transaction details against the Dubai Land Department register and press for a price‑per‑sqft that narrows the 27% discount gap. With zero days on market, the seller may be motivated to close quickly; anchoring the offer at AED 1,600‑1,650 per sqft (≈AED 1,500,000 total) leverages the market premium while still reflecting the off‑plan discount.
Verdict
Yield forecast
3-year appreciation
Market pulse · Mohammed Bin Rashid City
Sentiment +0 · stable
Insufficient data is available to determine the current market sentiment or trend in Mohammed Bin Rashid City. As a result, no definitive outlook can be provided. Further data collection is necessary to assess the residential sub-market's performance.
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SELECTED PROPERTY
Skyline View 1BR · Furnished Apartment · Lagoon & Park Views
Intel Score: 81/100
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