New homes in The Waterway start at AED 1,700,000; keys are due Dec 2026; you pay 20% to book, 45% while it is built and 35% at the keys.
In the 12 months to Nov 9, 2026, Dubai Land Department recorded 148 off-plan sales of 1-bed apartments of 276 sq ft to 931 sq ft in Meydan One Community. Their median price is AED 2,210 per sq ft (about AED 1,319,000 at 597 sq ft). This project's from price is AED 2,848 per sq ft (AED 1,700,000 for its smallest home, 597 sq ft), 29% more.
Keys
Dec 2026
The developer's handover date
Payment plan
20 / 45 / 35
20% to book, 45% while it is built, 35% at the keys
Bedrooms
1 to 4 beds
Sizes
597 to 3,700 sq ft
Ownership
Freehold
Property types
Apartment and Penthouse
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 2,848 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, 45% as the building goes up, and 35% when you get the keys.
AED
When
Stage
Share
Amount
Paid by then
When you bookBooking · 20%
Booking
20%
AED 340,000+ AED 68,000 DLD fee
AED 408,000
As it is builtWhile it is built · 45%
While it is built
45%
AED 765,000
AED 1,173,000
At the keys (Dec 2026)Keys · 35%
Keys
35%
AED 595,000
AED 1,768,000
Booking payment, 20%
AED 340,000
Dubai Land Department fee (Oqood), 4%
AED 68,000
Cash you need to bookThe developer pays the broker, so there is no buyer's fee.
AED 408,000
Total costPrice plus the DLD fee
AED 1,768,000
The handover date (Dec 2026) 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 276 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 276 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
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
This project's from price is in this band.
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 2,848 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.
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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
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.
Dec 2025AED 1,275,890AED 1,987 per sq ftAzizi Riviera Beachfront - Tower A, 642 sq ft
Dec 2025AED 1,534,760AED 2,381 per sq ftAzizi Riviera Beachfront - Tower C, 645 sq ft
Apr 2026AED 1,667,700AED 2,503 per sq ftAzizi Riviera Beachfront - Tower B, 666 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 1,700,000 here
Off-plan medianAED 1,624,000AED 2,076 per sq ft
Sales262
29% above 148 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
4-bed apartment
Off-plan medianToo few sales for a median
Sales11
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%
Net yield at the from price(Rent − service charge) ÷ (price + DLD fee)
4.2%
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 (597 sq ft)
AED 10,149
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 1,700,000 = 5%. 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 Waterway is a Prestige One building at Meydan Horizon in Mohammed Bin Rashid City, with apartments and penthouses from AED 1,700,000 and a listed handover of December 2026, next month. With handover that close, ask whether the building has its completion certificate before you pay.
The listed handover is December 2026, one month from now. Ask Prestige One whether the building has its completion certificate and what date handover is now expected.
The plan is 20% on booking, 45% during construction and 35% at handover. At the from price that is AED 340,000, AED 765,000 and AED 595,000. Separately, the 4% DLD fee comes to AED 68,000; ask when it is due.
The listing gives one to four bedrooms in apartments and penthouses, with sizes from 597 to 3,700 sq ft. The developer describes one- and two-bedroom apartments and four-bedroom penthouses in a G+3 P+18 building, with about 1,130 sq ft for one bedroom and 1,600 sq ft for two. Ask for the floor plan of the unit you want. The listed facilities include a gym, an infinity pool, a community lounge, an outdoor cinema and outdoor sports facilities.
Sultan Al Olama Medical Center is about 1.0 km away and Dubai International School about 1.7 km. Hartland International School is about 3.1 km away. Business Bay is about 2.5 km away, and Business Bay Metro Station about 3.8 km, around 9 minutes by car. Dubai Hills Golf Club is about 15 minutes by car.
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
4 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
Which developer is behind The Waterway?
Prestige One. The building is at Meydan Horizon in Mohammed Bin Rashid City.
When is handover?
The listed handover is December 2026, next month. Ask for the completion certificate and the confirmed handover date before you pay.
Can foreigners buy here?
The listing gives the ownership as freehold.
What do I pay at each stage?
At the from price: AED 340,000 on booking, AED 765,000 during construction and AED 595,000 at handover. Separately, the 4% DLD fee comes to AED 68,000; ask when it is due.
How big are the homes?
The listing gives 597 to 3,700 sq ft. The developer gives about 1,130 sq ft for one bedroom and 1,600 sq ft for two, so ask for the plan of the unit you want.
What facilities are in the building?
The developer lists an outdoor cinema, an infinity pool, a gym, outdoor sports facilities, parking and a community lounge.
