New homes in Gate Eleven by Amwaj Development start at AED 1,475,000; keys are due Dec 2027; you pay 20% to book, 30% while it is built and 50% at the keys.
In the 12 months to Nov 9, 2026, Dubai Land Department recorded 232 off-plan sales of 1-bed apartments of 621 sq ft to 931 sq ft in Al Merkadh. Their median price is AED 2,079 per sq ft (about AED 1,605,000 at 772 sq ft). This project's from price is AED 1,911 per sq ft (AED 1,475,000 for its smallest home, 772 sq ft), 8% less.
Keys
Dec 2027
The developer's handover date
Payment plan
20 / 30 / 50
20% to book, 30% while it is built, 50% at the keys
Bedrooms
1 to 3 beds
Sizes
772 to 1,601 sq ft
Ownership
Freehold
Property types
Apartment
Registration fee
4% of the price
Paid to the Dubai Land Department
As of Nov 1, 2026. These details can change; confirm them with the developer before you book.
Dubai Land Department register
From price per sq ft
AED 1,911 per sq ft
Similar off-plan homes: AED 2,079 per sq ft
We couldn't match this project to the Dubai Land Department project register yet. The developer can give you its RERA project number.
Paying for it
You pay 20% when you book, 30% as the building goes up, and 50% when you get the keys.
AED
When
Stage
Share
Amount
Paid by then
NowBooking · 20%
Booking
20%
AED 295,000+ AED 59,000 DLD fee
AED 354,000
Feb 2027While it is built · 7.5%
While it is built
7.5%
AED 110,625
AED 464,625
Apr 2027While it is built · 7.5%
While it is built
7.5%
AED 110,625
AED 575,250
Jul 2027While it is built · 7.5%
While it is built
7.5%
AED 110,625
AED 685,875
Sep 2027While it is built · 7.5%
While it is built
7.5%
AED 110,625
AED 796,500
Dec 2027Keys · 50%
Keys
50%
AED 737,500
AED 1,534,000
Booking payment, 20%
AED 295,000
Dubai Land Department fee (Oqood), 4%
AED 59,000
Cash you need to bookThe developer pays the broker, so there is no buyer's fee.
AED 354,000
Total costPrice plus the DLD fee
AED 1,534,000
The dates are our estimate: we spread the construction share evenly between now and the keys. The developer's real dates follow the building work, so they can move.
Your payments go into the project's escrow account, which RERA watches, not straight to the developer.
A mortgage at the keys
Before you buy
Pay into the project's escrow account only.
Every off-plan project in Dubai must have an escrow account at a bank, watched by RERA. Pay into that account, never to a person. Ask for the account number.
Budget for the service charge.
Once the building is finished you pay a yearly service charge per sq ft, set from the building's budget and approved by RERA. "Rent and yield" below gives the figure for this project.
Register the sale with Oqood.
The Land Department records off-plan sales in its Oqood register. Until your sale is on it, the home isn't in your name.
Is the price fair?
Dubai Land Department recorded 232 off-plan sales of 1-bed apartments of 621 sq ft to 931 sq ft in Al Merkadh, from Nov 10, 2025 to Nov 9, 2026. Here is what they sold for, and where this project's from price sits.
We compare with off-plan sales across Al Merkadh, as this project isn't on the Dubai Land Department register yet or has too few sales.
Dubai Land Department recorded 232 off-plan sales of 1-bed apartments of 621 sq ft to 931 sq ft in Al Merkadh, from Nov 10, 2025 to Nov 9, 2026. Here is what they sold for, and where this project's from price sits.
Median price AED 2,079 per sq ft
AED 1,294 to AED 1,540 per sq ft
11 sales
AED 1,540 to AED 1,786 per sq ft
14 sales
AED 1,786 to AED 2,033 per sq ft
76 sales
This project's from price is in this band.
AED 2,033 to AED 2,279 per sq ft
63 sales
AED 2,279 to AED 2,526 per sq ft
28 sales
AED 2,526 to AED 2,772 per sq ft
18 sales
AED 2,772 to AED 3,018 per sq ft
13 sales
AED 3,018 to AED 3,265 per sq ft
9 sales
AED 1,294 per sq ftAED 3,265 per sq ft
This project AED 1,911 per sq ft
Half of the sales sold for AED 1,945 to AED 2,311 per sq ft
The median is the middle sale: half sold for less, half for more.
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Price per sq ft
Sales
AED 1,294 to AED 1,540 per sq ft
11
AED 1,540 to AED 1,786 per sq ft
14
AED 1,786 to AED 2,033 per sq ft
76
AED 2,033 to AED 2,279 per sq ft
63
AED 2,279 to AED 2,526 per sq ft
28
AED 2,526 to AED 2,772 per sq ft
18
AED 2,772 to AED 3,018 per sq ft
13
AED 3,018 to AED 3,265 per sq ft
9
The 3 closest sales
Picked from the 232 similar sales above, closest in size to this project's smallest home.
Sep 2026AED 2,125,800AED 2,756 per sq ftAzizi Riviera 49, 771 sq ft
Sep 2026AED 1,682,400AED 2,181 per sq ftAzizi Riviera 50, 771 sq ft
Jul 2026AED 1,821,960AED 2,362 per sq ftAzizi Riviera 49, 771 sq ft
Off-plan sales only, of the same home type, bedrooms and size band.
What similar homes sold for
The median price of off-plan homes with the same number of bedrooms that sold in Meydan City in the 12 months to Sep 30, 2026. The smallest type is checked at the from price.
Type
Off-plan median
Sales
Against similar sales
1-bed apartmentFrom AED 1,475,000 here
Off-plan medianAED 1,624,000AED 2,076 per sq ft
Sales262
8% below 232 similar sales
2-bed apartment
Off-plan medianAED 2,697,000AED 2,100 per sq ft
Sales145
3-bed apartment
Off-plan medianAED 3,950,000AED 2,051 per sq ft
Sales51
Sales from Oct 1, 2025 to Sep 30, 2026. A median needs at least 30 sales.
Rent and yield
Gross yield at the from priceRent ÷ price
5.8%
Net yield at the from price(Rent − service charge) ÷ (price + DLD fee)
4.7%
Typical gross yield of similar ready homes
6.3%
Median rent of 1-bed apartments in Meydan City
AED 85,000 a year
Service charge a year, from the keysThe area median, AED 17 per sq ft from 16 buildings, as of 2023, for the smallest home (772 sq ft)
AED 13,124
Rent contracts counted
3,380
Rented between
Apr 1, 2025 and Mar 31, 2026
1-bed apartment
AED 85,000 a year
2-bed apartment
AED 140,000 a year
3-bed apartment
AED 190,000 a year
Gross yield is a year's rent before costs, as a share of the price. At the from price: AED 85,000 ÷ AED 1,475,000 = 5.8%. The home earns nothing until the keys, and new buildings often rent for more than older ones.
Rents come from Ejari, Dubai's register of rent contracts: new residential contracts in the area, all buildings. A median is the middle one: half are lower, half higher.
On your doorstep
Kent College1 km, 17 min walkSchool
Sharjah American International School Dubai7.7 km, 16 min driveAmerican school
GEMS Wellington Academy3.9 km, 11 min driveIB school
Indian International School3 km, 9 min driveIndian school
Gate Eleven is an Amwaj Development project of four buildings in Meydan City, with one- to three-bedroom apartments from AED 1,475,000. Its from price per square foot is 8.1% below 232 similar one-bedroom off-plan sales in Al Merkadh.
The Dubai Land Department lists 232 one-bedroom off-plan sales in Al Merkadh in the 12 months to November 2026, and the from price per square foot is 8.1% below them. Those sales are from across the area rather than this project. Ask for the price of a specific unit and compare its size and floor with recent sales nearby.
The plan is 20% on booking, 30% during construction and 50% at handover. At the from price that is AED 295,000 to book, AED 442,500 during the build and AED 737,500 at handover. Separately, the 4% DLD fee comes to AED 59,000; ask when it is due. The listed handover is December 2027, and the listing gives no dates for the construction payments, so ask for the full schedule.
The four buildings stand side by side and are aligned for lagoon views. Apartments have one to three bedrooms and range from 772 to 1,601 sq ft overall; ask for the floor plan of the layout you want. Residents share a gymnasium, a lobby, two pools (one for children), a play area for children, 24/7 security and covered parking, and homes have balconies.
A polyclinic is about 840 m away and Kent College about 1 km, around 4 minutes by car. Indian International School is about 3 km away and GEMS Wellington Academy about 3.9 km. Creek Metro Station is about 9.7 km away, around 17 minutes by car, and Business Bay about 19 minutes.
The developer's plans. Sizes and layouts can change; ask the developer for the plan of the exact unit you're looking at.
1 BR
2 BR
2.5 BR
How prices moved
Median price of 1-bed apartments in Meydan City, over the 12 months to each dateUp 4% from Dec 2024 to Sep 2026.
Dec 2024AED 2,001 per sq ft
Sep 2026AED 2,076 per sq ft
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12 months to
Median price
Sales
Sep 2026
AED 2,076 per sq ft
262 sales
Jun 2026
AED 2,065 per sq ft
221 sales
Mar 2026
AED 2,050 per sq ft
222 sales
Dec 2025
AED 2,042 per sq ft
269 sales
Sep 2025
AED 2,126 per sq ft
471 sales
Jun 2025
AED 2,184 per sq ft
753 sales
Mar 2025
AED 2,075 per sq ft
1,084 sales
Dec 2024
AED 2,001 per sq ft
1,366 sales
Off-plan sales only.
Questions about this project
How many buildings make up Gate Eleven?
Four, side by side and aligned for lagoon views, in Meydan City. Amwaj Development is the developer.
Can foreigners buy here?
Yes. The listing gives the ownership as freehold, so foreign buyers can own the homes outright.
How does the price compare with recent sales in Al Merkadh?
The from price per square foot is 8.1% below 232 similar one-bedroom off-plan sales in Al Merkadh (12 months to November 2026).
What are the payments at the from price?
AED 295,000 on booking, AED 442,500 during construction and AED 737,500 at handover. Separately, the 4% DLD fee comes to AED 59,000; ask when it is due.
When is handover?
The listed handover is December 2027.
Which schools are close?
Kent College is about 1 km away, around 4 minutes by car, and Indian International School about 3 km.
