New homes in The Spark start at AED 1,050,000; the keys were due Dec 2025; you pay 20% to book, 50% while it is built and 30% at the keys.
In the 12 months to Nov 9, 2026, Dubai Land Department recorded 148 off-plan sales of 1-bed apartments of 621 sq ft to 931 sq ft in Meydan One Community. Their median price is AED 2,210 per sq ft (about AED 1,485,000 at 672 sq ft). This project's from price is AED 1,562 per sq ft (AED 1,050,000 for its smallest home, 672 sq ft), 29% less.
Keys
Dec 2025
The developer's handover date. It has passed and may be out of date, so check the current one with the developer.
Payment plan
20 / 50 / 30
20% to book, 50% while it is built, 30% at the keys
Bedrooms
1 to 2 beds
Sizes
672 to 1,067 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 1,562 per sq ft
Similar off-plan homes: AED 2,210 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, 50% as the building goes up, and 30% when you get the keys.
AED
When
Stage
Share
Amount
Paid by then
When you bookBooking · 20%
Booking
20%
AED 210,000+ AED 42,000 DLD fee
AED 252,000
As it is builtWhile it is built · 50%
While it is built
50%
AED 525,000
AED 777,000
At the keys (Dec 2025)Keys · 30%
Keys
30%
AED 315,000
AED 1,092,000
Booking payment, 20%
AED 210,000
Dubai Land Department fee (Oqood), 4%
AED 42,000
Cash you need to bookThe developer pays the broker, so there is no buyer's fee.
AED 252,000
Total costPrice plus the DLD fee
AED 1,092,000
The handover date (Dec 2025) is too close or already past to estimate the dates. Ask the developer for its current schedule.
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 148 off-plan sales of 1-bed apartments of 621 sq ft to 931 sq ft in Meydan One Community, 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 Meydan One Community, as this project isn't on the Dubai Land Department register yet or has too few sales.
Dubai Land Department recorded 148 off-plan sales of 1-bed apartments of 621 sq ft to 931 sq ft in Meydan One Community, 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 2,210 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
11 sales
This project's from price is in this band.
AED 1,786 to AED 2,033 per sq ft
32 sales
AED 2,033 to AED 2,279 per sq ft
33 sales
AED 2,279 to AED 2,526 per sq ft
22 sales
AED 2,526 to AED 2,772 per sq ft
17 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 1,562 per sq ft
Half of the sales sold for AED 1,962 to AED 2,532 per sq ft
The median is the middle sale: half sold for less, half for more.
Show as tableShow as chart
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
11
AED 1,786 to AED 2,033 per sq ft
32
AED 2,033 to AED 2,279 per sq ft
33
AED 2,279 to AED 2,526 per sq ft
22
AED 2,526 to AED 2,772 per sq ft
17
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 148 similar sales above, closest in size to this project's smallest home.
Apr 2026AED 1,667,700AED 2,503 per sq ftAzizi Riviera Beachfront - Tower B, 666 sq ft
Dec 2025AED 1,534,760AED 2,381 per sq ftAzizi Riviera Beachfront - Tower C, 645 sq ft
Dec 2025AED 1,275,890AED 1,987 per sq ftAzizi Riviera Beachfront - Tower A, 642 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 Mohammed Bin Rashid 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 1,050,000 here
Off-plan medianAED 1,624,000AED 2,076 per sq ft
Sales262
29% below 148 similar sales
2-bed apartment
Off-plan medianAED 2,697,000AED 2,100 per sq ft
Sales145
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
8.1%
Net yield at the from price(Rent − service charge) ÷ (price + DLD fee)
6.7%
Typical gross yield of similar ready homes
6.3%
Median rent of 1-bed apartments in Mohammed Bin Rashid 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 (672 sq ft)
AED 11,424
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
Gross yield is a year's rent before costs, as a share of the price. At the from price: AED 85,000 ÷ AED 1,050,000 = 8.1%. 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
Business Bay Metro Station3.8 km, 9 min driveMetro station
Business Bay creek front2.8 km, 11 min driveWaterfront
Dubai International School1.7 km, 3 min driveSchool
Hartland International School3.1 km, 13 min driveBritish school
JSS School4.4 km, 12 min driveIndian school
Al Faris Mall2.8 km, 6 min driveMall
Nexx Home Healthcare Services3.2 km, 6 min driveHospital
The Spark is an Esnaad building of freehold 1- and 2-bedroom apartments in District 11 of Mohammed Bin Rashid City, from AED 1,050,000, with handover listed for December 2025. That date has passed, so ask the developer for the current status and the completion certificate; the from price per square foot is 29% below 148 similar one-bedroom sales in Meydan One Community over the 12 months to November 2026.
The listed handover was December 2025, so it may be out of date; ask the developer for the current status and the completion certificate.
On price, DLD lists 148 one-bedroom off-plan sales in Meydan One Community in the 12 months to November 2026. The from price per square foot is 29% below their median.
The plan is 20% on booking, 50% during construction and 30% on handover. At the from price that is AED 210,000, AED 525,000 and AED 315,000. Given the handover date, ask how much of the construction part is already due. Separately, the 4% DLD fee comes to AED 42,000.
The building has 50 apartments and is listed as B+G+5+R. One-bedroom homes are 672 sq ft and two-bedroom homes 1,067 sq ft. Facilities include a co-working space, a sauna, a shared pool, a gym and electric vehicle charging stations. By our map, Sultan Al Olama Medical Center is about 1 km away and Dubai International School about 1.7 km. By our estimate, Business Bay and Business Bay Metro Station are each about 9 minutes by car, and Hartland International School about 13 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
How prices moved
Median price of 1-bed apartments in Mohammed Bin Rashid 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
Who developed The Spark?
Esnaad. The building is in District 11 of Mohammed Bin Rashid City.
Can foreigners buy here?
Yes. The listing gives the ownership as freehold.
When is handover?
The listed handover was December 2025, so it may be out of date; ask the developer for the current status and the completion certificate.
How does the price compare with the area?
The from price per square foot is 29% below the median of 148 one-bedroom off-plan sales in Meydan One Community over the 12 months to November 2026.
What do I pay at each stage?
At the from price, AED 210,000 on booking, AED 525,000 during construction and AED 315,000 on handover. Ask how much is already due. Separately, the 4% DLD fee comes to AED 42,000; ask when it is due.
How big are the apartments?
672 sq ft for one bedroom and 1,067 sq ft for two, in a building of 50 apartments.
