340 Riverside Crescent is the third tower in a series of approximately 10 luxurious towers developed by Sobha Realty in MBR City, Dubai. This project is an excellent choice for both residence and long-term investment.
The project offers 1, 1.5, and 2-bedroom apartments, each equipped with a balcony, bathroom, kitchen, and private parking. The community is conveniently located, just 10 minutes from Burj Khalifa, 15 minutes from the beach, and 20 minutes from the marina area and Palm Jumeirah, with easy access to major highways.
The 340 Riverside Crescent skyscraper consists of 6 podium levels (parking, lobby, and commercial spaces) and 57 residential floors. It features a large community of future residents, with a total of 301 one-bedroom apartments ranging from 45 to 79 square meters, 115 one-and-a-half-bedroom apartments from 59 to 68 square meters, and 154 two-bedroom units from 87 to 105 square meters. Each floor houses 15 residential units. The 18th and 43rd floors include panoramic viewing areas (Sky Gardens) overlooking the stunning neighborhood and beyond. The project is expected to be completed in the third quarter of 2027.
Sobha Realty is building a complete upscale community that is comfortable and accessible to all. In addition to the luxurious towers, they are constructing three lagoons with crystal-clear water and white sandy beaches, a commercial center, a restaurant and entertainment area, and more. The area already has two sought-after schools, and the neighborhood will also include luxurious villas, attracting a community of affluent businesspeople and residents.
Sobha Hartland 2 is part of the Mohammed bin Rashid City (MBR) in Dubai. This area is set to change Dubai’s tourism map, with Meydan within MBR becoming a significant tourist hub. With fewer tourists in the aging Downtown area, more tourists are flocking to Meydan, which is becoming a major tourist destination. In Meydan, they are building the largest mall in Dubai (three times larger than Dubai Mall), a stunning man-made lake with a crystal floor, massive fountains, a kilometer-long artificial ski slope (the longest in the world), sports and motor centers, and more.
The development of MBR City in general and Meydan in particular will directly impact the real estate value in Sobha Hartland 2. You can easily sell or rent your apartment for short or long terms. Short-term rentals (via Airbnb or a management company that we can recommend) will cater to all tourists in the area and provide you with significant returns.
Sobha is an international real estate development company founded in 1976 in Oman. The company specializes in premium residential and mixed-use projects in the United Arab Emirates, Oman, Bahrain, Brunei, and India. Among Sobha’s recent projects in Dubai are Sobha One, SeaHaven, The Crest, Waves Grande, Waves Opulence, Creek Vistas Grande, Verde, and Villas Hartland 2.
In addition to building luxurious and unique projects, the company’s reputation demonstrates its commitment to delivering its apartments on time. All of its projects are located in developing areas with higher returns compared to other areas in Dubai. The 340 Riverside Crescent project includes a 10-year warranty for the quality of finishes and all other elements in the apartment.
Residential Units at 340 Riverside Crescent:
Number of Rooms | Size of Property | Initial Price |
---|---|---|
1-bedroom with living room | Starting from 45 sqm | 1,300,000 AED |
1.5-bedroom with living room | Starting from 59 sqm | 1,600,000 AED |
2-bedroom with living room | Starting from 87 sqm | 2,600,000 AED |
Payment Plan for 1-bedroom with living room:
Payment Type | Percentage | Payment Due | Amount |
---|---|---|---|
First Payment upon Purchase | 20% | Immediate | 260,000 AED |
Second Payment | 10% | After 9 months | 130,000 AED |
Third Payment | 10% | After 15 months | 130,000 AED |
Fourth Payment | 10% | After 21 months | 130,000 AED |
Fifth Payment | 10% | After 27 months | 130,000 AED |
Sixth Payment | 10% | After 33 months | 130,000 AED |
Seventh Payment | 10% | After 39 months | 130,000 AED |
Final Payment upon Completion | 20% | Completion (June 2027) | 260,000 AED |
Additional Costs:
Payment Type | Percentage | Payment Due | Amount |
---|---|---|---|
DLD (Dubai Land Department) Fee | 4% | Upon Purchase | 52,000 AED |
Real Estate Agency Fee | 0% | – | No Fee! |
Property Registration Fee | – | Upon Purchase | 5,250 AED |
*Note: The unit prices presented are initial estimates and may vary depending on unit availability, size, floor, and view direction. The final and updated payment plan will be provided to you upon inquiry.
Unit availability is updated daily. Please contact us for the most recent price list.
Email: team@palmera.realestate
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