THE OPPORTUNITY
A high-floor 1-bedroom unit in Riwa Residence by Meraas at Madinat Jumeirah Living — 09 series layout, Burj Al Arab view, 1,254 sqft.
Asking price is AED 3,160,000.
Current DXB Interact transactions for comparable MJL units are at AED 3.9M and above.
Comparable ready units are trading at AED 4.2M+.
The discount against live market is approximately 15%.
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LOCATION
Madinat Jumeirah Living, Dubai. A Meraas master-planned community directly adjacent to Madinat Jumeirah resort — one of the most recognisable hospitality addresses in the city. MJL sits between the beach, Souk Madinat Jumeirah, and the Jumeirah strip, with Burj Al Arab as the defining landmark on the horizon. The community is fully pedestrianised at ground level, low-rise in character, and deliberately limited in future supply. New inventory here is structurally constrained — no significant pipeline beyond what is already sold.
PROPERTY DETAILS
- Project: Riwa Residence, Madinat Jumeirah Living
- Developer: Meraas
- Type: 1 Bedroom
- Layout: 09 series — one of the largest and most sought-after 1-bedroom configurations in the community
- Size: 1,254 sqft
- Floor: High floor
- View: Burj Al Arab — direct, unobstructed
- Handover: Q3 2027
- Status: Off-market, exclusive
DEAL STRUCTURE
- Payment to seller: AED 158,800
- Remaining to developer: AED 1,755,050
- Total buyer outlay: AED 1,913,850 to acquire an asset ( currently transacting above AED 3,900,000 in the market)
- Original purchase price: AED 3,389,000
- Asking price: AED 3,160,000
- Current market transactions: AED 3,900,000+
- Comparable ready units: AED 4,200,000+
- Discount to market: approximately 15%
AMENITIES AND LIFESTYLE
Riwa Residence sits within the MJL community which offers landscaped promenades, a central park, retail and dining at street level, and direct pedestrian connectivity to Souk Madinat Jumeirah and the beach. Meraas finishing standards throughout — quality of materials and fit-out consistently above category average. The Burj Al Arab view from the 09 series on a high floor is among the most photographed residential outlooks in Dubai. For rental purposes this is a high-demand address — short-term and long-term tenants both target MJL specifically.
WHY THIS DEAL
- MJL is supply-constrained by design
- Meraas controls the community perimeter and there is no meaningful new inventory coming
- Units here appreciate against a fixed denominator.
- The 09 series at 1,254 sqft is the oversized configuration — it rents and resells above standard 1-bedroom comparables
- At AED 3.16M against a live market of AED 3.9M to 4.2M, the entry is AED 740,000 to AED 1,040,000 below where the asset currently trades
- The buyer requirement to the seller is AED 158,800. The rest goes to the developer on the existing schedule.
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