BULK DEAL | HIGHROVE BY ELLINGTON | 5 UNITS | AED 2.27M BELOW COST

THE PAYMENT PLAN

The buyer assumes the seller’s existing payment schedules across all five units with the remaining instalments to be confirmed at point of transfer.

Full breakdown available on request.

THE DEVELOPER

Ellington Properties is a Dubai-based boutique developer with a consistent track record in design-led residential product. The brand occupies a distinct position in the market — not volume, not ultra-luxury, but considered design and finish quality at a price point that works for both end-users and investors. Ellington’s delivered projects have maintained strong secondary market demand and above-average rental yields relative to comparable community stock, which matters directly for a portfolio buyer evaluating exit options.

THE AREA

Mohammed Bin Rashid City is one of Dubai’s largest active masterplan developments, positioned between Downtown Dubai and Al Quoz, with direct access to Al Khail Road and Meydan Road.

The district is anchored by Meydan Racecourse, District One, and the ongoing Sobha Hartland phases, and is one of the areas benefiting from the planned Gold Line metro connectivity. MBR City has moved from emerging to established in the last three years, with a functioning secondary market and consistent transaction volume.

The Highrove is a mid-rise residential tower within the MBR City masterplan, targeting the design-conscious buyer and premium tenant profile that Ellington consistently attracts.

THE OPPORTUNITY

Bulk deals are a different transaction category from single-unit purchases. The seller needs a full exit — not a partial one — which creates the pricing pressure that makes the 15.8% discount possible. A buyer who can move on the entire five-unit package acquires below replacement cost, captures a diversified income stream from day one of handover, and does so with Ellington brand support on the exit side when the time comes to sell.

The mixed configuration is not accidental. One and two-bedroom units provide the broadest rental demand pool in MBR City. The three-bedroom sits at the premium tier and targets the family tenant or the investor planning a premium short-term rental strategy. All five units are high-floor with balconies.

WHO THIS IS FOR

This deal suits a portfolio investor, a small family office, or a buyer looking to build a meaningful position in a single Ellington asset in one transaction. It is not a single-unit purchase — the seller is not splitting the portfolio.