New homes in Coralis Residences start at AED 1,950,000; keys are due Jun 2028; you pay 10% to book, 50% while it is built and 40% at the keys.
In the 12 months to Oct 19, 2026, Dubai Land Department recorded 226 off-plan sales of 1-bed apartments of 621 sq ft to 931 sq ft in Al Merkadh. Their median price is AED 2,092 per sq ft (about AED 1,883,000 at 900 sq ft). This project's from price is AED 2,167 per sq ft (AED 1,950,000 for its smallest home, 900 sq ft), 4% more.
Keys
Jun 2028
The developer's handover date
Payment plan
10 / 50 / 40
10% to book, 50% while it is built, 40% at the keys
Bedrooms
1 to 5 beds
Sizes
900 to 8,400 sq ft
Ownership
Freehold
Property types
Apartment
Registration fee
4% of the price
Paid to the Dubai Land Department
Details from the developer, as of Nov 1, 2026. They can change; ask us to confirm before you book.
Dubai Land Department register
From price per sq ft
AED 2,167 per sq ft
Similar off-plan homes: AED 2,092 per sq ft
We couldn't match this project to the Dubai Land Department project register yet. Ask us for its RERA project number.
Paying for it
You pay 10% when you book, 50% as the building goes up, and 40% when you get the keys.
AED
When
Stage
Share
Amount
Now
Booking
10%
AED 195,000
Feb 2027
While it is built
8.3%
AED 162,500
Apr 2027
While it is built
8.3%
AED 162,500
Jul 2027
While it is built
8.3%
AED 162,500
Oct 2027
While it is built
8.3%
AED 162,500
Jan 2028
While it is built
8.3%
AED 162,500
Mar 2028
While it is built
8.3%
AED 162,500
Jun 2028
Keys
40%
AED 780,000
Booking payment, 10%
AED 195,000
Dubai Land Department fee (Oqood), 4%
AED 78,000
Cash you need to bookThe developer pays the broker, so there is no buyer's fee.
AED 273,000
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.
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.
Buildings in this area paid a median of AED 17 per sq ft a year in 2023, from 16 buildings on the Dubai Land Department register. For the smallest home (900 sq ft) that is about AED 15,000 a year.
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 226 off-plan sales of 1-bed apartments of 621 sq ft to 931 sq ft in Al Merkadh, from Oct 20, 2025 to Oct 19, 2026. Here is what they sold for, and where this project's from price sits.
We compare with off-plan sales across Al Merkadh, as this project isn't on the Dubai Land Department register yet or has too few sales.
Dubai Land Department recorded 226 off-plan sales of 1-bed apartments of 621 sq ft to 931 sq ft in Al Merkadh, from Oct 20, 2025 to Oct 19, 2026. Here is what they sold for, and where this project's from price sits.
Median price AED 2,092 per sq ft
AED 1,425 to AED 1,655 per sq ft
4 sales
AED 1,655 to AED 1,885 per sq ft
27 sales
AED 1,885 to AED 2,115 per sq ft
87 sales
AED 2,115 to AED 2,345 per sq ft
53 sales
This project's from price is in this band.
AED 2,345 to AED 2,575 per sq ft
19 sales
AED 2,575 to AED 2,805 per sq ft
12 sales
AED 2,805 to AED 3,035 per sq ft
14 sales
AED 3,035 to AED 3,265 per sq ft
10 sales
AED 1,425 per sq ftAED 3,265 per sq ft
This project AED 2,167 per sq ft
Half of the sales sold for AED 1,966 to AED 2,337 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 1,425 to AED 1,655 per sq ft
4
AED 1,655 to AED 1,885 per sq ft
27
AED 1,885 to AED 2,115 per sq ft
87
AED 2,115 to AED 2,345 per sq ft
53
AED 2,345 to AED 2,575 per sq ft
19
AED 2,575 to AED 2,805 per sq ft
12
AED 2,805 to AED 3,035 per sq ft
14
AED 3,035 to AED 3,265 per sq ft
10
The 3 closest sales
Picked from the 226 similar sales above, closest in size to this project's smallest home.
Jul 2026AED 2,706,075AED 3,007 per sq ftAZIZI RIVIERA REVE TOWER-2, 900 sq ft
Oct 2025AED 2,784,170AED 3,094 per sq ftAZIZI RIVIERA REVE TOWER-2, 900 sq ft
Dec 2025AED 1,686,019AED 1,875 per sq ftSobha Hartland - Crest Grande, 899 sq ft
Sale prices from Dubai Land Department, Oct 20, 2025 to Oct 19, 2026. 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 Meydan 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 1,950,000 here
Off-plan medianAED 1,624,000AED 2,076 per sq ft
Sales262
4% above 226 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
5-bed apartment
Off-plan medianToo few sales for a median
Sales0
Sale prices from Dubai Land Department, Oct 1, 2025 to Sep 30, 2026. A median needs at least 30 sales.
Rent and yield
Gross yield at the from price
4.4%
Typical for similar ready homes
6.3%
Median rent of 1-bed apartments in Meydan City
AED 85,000 a year
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 1,950,000 = 4.4%. 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
Burj Khalifa/Dubai Mall Metro Station4.6 km, 17 min driveMetro station
Business Bay creek front3.3 km, 6 min driveWaterfront
Hartland International School550 m, 9 min walkSchool
Dubai International School4 km, 18 min driveAmerican school
JSS School5.5 km, 19 min driveIndian school
Sobha Mall (Under Construction)750 m, 12 min walkMall
Coralis Residences is a Palladium Prime Real Estate Development project in Meydan City with 1- to 5-bedroom apartments from AED 1,950,000 and a listed handover of June 2028. The price check puts it 3.6% above 226 similar 1-bedroom sales in the area, and 40% of the price is due at handover.
In the 12 months to October 2026, the Dubai Land Department recorded 226 one-bedroom off-plan sales in Al Merkadh. The price check puts Coralis's from price per square foot 3.6% above their median. It compares price per square foot, not total price, so check the floor and layout of the unit you are offered as well.
The plan is 10% on booking, 50% during construction and 40% at handover. At the from price that is AED 195,000 on booking, AED 975,000 during the build and AED 780,000 at handover, so AED 1,170,000 is paid before handover. Separately, the 4% Land Department fee comes to AED 78,000; ask when it is due. The listed handover is June 2028, about 19 months away.
The developer gives these sizes: one bedroom about 900 sq ft, two bedrooms 1,200 sq ft and three bedrooms 2,150 sq ft. Above them are four- and five-bedroom sky villas of about 5,500 and 8,400 sq ft, each reached by a private lift. The developer lists a podium level for leisure with paddle tennis courts and landscaped decks, plus a gym, a pool, a kids' pool and a play area. Covered parking and 24-hour security are listed too.
Hartland International School is about 550 m away, a nine-minute walk, and a clinic about 910 m. Business Bay is about 3.3 km away, around 14 minutes by car. The nearest metro, Burj Khalifa/Dubai Mall Metro Station, is about 4.6 km away, roughly 17 minutes by car. The project is freehold.
The developer's plans. Sizes and layouts can change; ask us for the plan of the exact unit you're looking at.
1 BR
2 BR
3 BR
4 BR
5 BR
How prices moved
Median price of 1-bed apartments in Meydan 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 registered with the Dubai Land Department.
Questions about this project
Can foreigners buy here?
Yes. Coralis Residences is in a freehold area of Meydan City, so foreign buyers can own outright.
How does the price compare with similar homes?
The from price per square foot is 3.6% above the median of 226 similar one-bedroom off-plan sales in Al Merkadh over the 12 months to October 2026.
What are the payment amounts?
At the from price: AED 195,000 on booking, AED 975,000 during construction and AED 780,000 at handover. Separately, the 4% Land Department fee comes to AED 78,000; ask when it is due.
What are the sky villas?
Four- and five-bedroom homes of about 5,500 and 8,400 sq ft above the apartments, each with its own lift.
Is there a school within walking distance?
Yes. Hartland International School is about 550 m away around nine minutes on foot.
When is handover?
The listed handover is June 2028, about 19 months from now. Ask for a construction update before you book.
