New homes in Vedaire Residences start at AED 1,350,000; keys are due Sep 2027; you pay 10% to book, 20% while it is built and 70% at the keys.
In the 12 months to Nov 9, 2026, Dubai Land Department recorded 145 off-plan sales of 1-bed apartments of 621 sq ft to 931 sq ft in Meydan Racecourse Community. Their median price is AED 2,309 per sq ft (about AED 1,464,000 at 634 sq ft). This project's from price is AED 2,129 per sq ft (AED 1,350,000 for its smallest home, 634 sq ft), 8% less.
Keys
Sep 2027
The developer's handover date
Payment plan
10 / 20 / 70
10% to book, 20% while it is built, 70% at the keys
Bedrooms
1 to 2 beds
Sizes
634 to 1,778 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 2,129 per sq ft
Similar off-plan homes: AED 2,309 per sq ft
RERA project
3599
Check it in Dubai REST, the Dubai Land Department's official app.
Built
0%
Not started. DLD register, Nov 11, 2026
Completion on the register
Mar 2028
DLD shows only the current date. We have recorded it since Jun 12, 2026 and it hasn't moved.
Escrow account
بنك الفجيره الوطنى ش م ع
The bank that holds your payments
Registered homes
46
In 1 buildings
Dubai Land Department project register, as of Nov 11, 2026.
Paying for it
You pay 10% when you book, 20% as the building goes up, and 70% when you get the keys.
AED
When
Stage
Share
Amount
Paid by then
NowBooking · 10%
Booking
10%
AED 135,000+ AED 54,000 DLD fee
AED 189,000
Feb 2027While it is built · 6.7%
While it is built
6.7%
AED 90,000
AED 279,000
Apr 2027While it is built · 6.7%
While it is built
6.7%
AED 90,000
AED 369,000
Jul 2027While it is built · 6.7%
While it is built
6.7%
AED 90,000
AED 459,000
Sep 2027Keys · 70%
Keys
70%
AED 945,000
AED 1,404,000
Booking payment, 10%
AED 135,000
Dubai Land Department fee (Oqood), 4%
AED 54,000
Cash you need to bookThe developer pays the broker, so there is no buyer's fee.
AED 189,000
Total costPrice plus the DLD fee
AED 1,404,000
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.
This project's escrow account is at the bank named on the register above, watched by RERA. Pay into that account, never to a person.
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 145 off-plan sales of 1-bed apartments of 621 sq ft to 931 sq ft in Meydan Racecourse Community, from Nov 10, 2025 to Nov 9, 2026. Here is what they sold for, and where this project's from price sits.
Too few similar homes in Vedaire Residences sold in 24 months, so we compare with off-plan sales across Meydan Racecourse Community.
Dubai Land Department recorded 145 off-plan sales of 1-bed apartments of 621 sq ft to 931 sq ft in Meydan Racecourse 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 2,309 per sq ft
AED 1,669 to AED 1,935 per sq ft
20 sales
AED 1,935 to AED 2,202 per sq ft
31 sales
This project's from price is in this band.
AED 2,202 to AED 2,468 per sq ft
33 sales
AED 2,468 to AED 2,735 per sq ft
19 sales
AED 2,735 to AED 3,002 per sq ft
1 sale
AED 3,002 to AED 3,268 per sq ft
0 sales
AED 3,268 to AED 3,535 per sq ft
4 sales
AED 3,535 to AED 3,801 per sq ft
37 sales
AED 1,669 per sq ftAED 3,801 per sq ft
This project AED 2,129 per sq ft
Half of the sales sold for AED 2,042 to AED 3,549 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 1,669 to AED 1,935 per sq ft
20
AED 1,935 to AED 2,202 per sq ft
31
AED 2,202 to AED 2,468 per sq ft
33
AED 2,468 to AED 2,735 per sq ft
19
AED 2,735 to AED 3,002 per sq ft
1
AED 3,002 to AED 3,268 per sq ft
0
AED 3,268 to AED 3,535 per sq ft
4
AED 3,535 to AED 3,801 per sq ft
37
The 3 closest sales
Picked from the 145 similar sales above, closest in size to this project's smallest home.
Apr 2026AED 1,440,000AED 2,271 per sq ftVedaire Residences, 634 sq ft
Dec 2025AED 1,450,000AED 2,287 per sq ftVedaire Residences, 634 sq ft
May 2026AED 1,451,000AED 2,292 per sq ftARTHOUSE RESIDENCES TOWER A by AVIAAN, 633 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 Nad Al Shiba First 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 1,350,000 here
Off-plan medianAED 2,334,000AED 3,637 per sq ft
Sales485
8% below 145 similar sales
2-bed apartment
Off-plan medianAED 3,254,000AED 2,700 per sq ft
Sales260
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
6.3%
Net yield at the from price(Rent − service charge) ÷ (price + DLD fee)
5.7%
Typical gross yield of similar ready homes
7.1%
Median rent of 1-bed apartments in Nad Al Shiba First
AED 85,000 a year
Service charge a year, from the keysThe area median, AED 8 per sq ft from 6 buildings, as of 2023, for the smallest home (634 sq ft)
AED 5,072
Rent contracts counted
613
Rented between
Apr 1, 2025 and Mar 31, 2026
1-bed apartment
AED 85,000 a year
2-bed apartment
AED 130,000 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 1,350,000 = 6.3%. 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 Station5.4 km, 13 min driveMetro station
Business Bay creek front4.2 km, 15 min driveWaterfront
Hartland International School3.2 km, 6 min driveSchool
Dubai International School3.3 km, 15 min driveAmerican school
GEMS New Millenium School4.7 km, 19 min driveIndian school
Sobha Mall (Under Construction)3.3 km, 7 min driveMall
Vedaire Residences is an Elton Real Estate Development project in Meydan City with one and two-bedroom apartments from AED 1,350,000 and a listed handover of September 2027. The plan puts 70% of the price at handover, and the from price is about 7.8% below 145 similar one-bedroom sales in Meydan Racecourse Community (12 months to November 2026).
Most of the price falls at the end here. You pay 10% on booking, 20% during construction and 70% at handover. At the from price that is AED 135,000 on booking, AED 270,000 during construction and AED 945,000 at handover, so AED 405,000 is paid before handover. Ask when the 20% construction payment falls due. Separately, the 4% DLD fee comes to AED 54,000 at the from price; ask when it is due.
The from price is about 7.8% below 145 similar one-bedroom sales in Meydan Racecourse Community (12 months to November 2026). Ask which unit and floor the from price applies to before you compare. The listed handover is September 2027, about ten months from now, so ask the developer for a construction update.
The listing shows one and two-bedroom apartments from 634 to 1,778 sq ft. The developer lists open kitchens, study areas, private terraces, home automation and custom lighting. Shared facilities include a rooftop beach pool, a fully equipped fitness centre, a yoga deck, kids' play zones and BBQ areas.
An express clinic at a Life Pharmacy is about 250 m away. Hartland International School is about 3.2 km away, around 6 minutes by car. Business Bay is about 4.0 km away and Business Bay Metro Station about 5.4 km, each around 13 minutes by car by our estimate. Dubai Hills Golf Club is about 5.7 km away and Jumeirah Beach about 7.7 km.
