New homes in The Watercrest by Ellington start at AED 6,000,000; keys are due Dec 2027; you pay 20% to book, 50% while it is built and 30% at the keys.
Keys
Dec 2027
The developer's handover date
Payment plan
20 / 50 / 30
20% to book, 50% while it is built, 30% at the keys
Bedrooms
3 to 4 beds
Sizes
3,400 to 5,000 sq ft
Ownership
Freehold
Property types
Villa and Townhouse
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 1,765 per sq ft
At the smallest size listed
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 20% when you book, 50% as the building goes up, and 30% when you get the keys.
AED
When
Stage
Share
Amount
Now
Booking
20%
AED 1,200,000
Feb 2027
While it is built
12.5%
AED 750,000
Apr 2027
While it is built
12.5%
AED 750,000
Jul 2027
While it is built
12.5%
AED 750,000
Sep 2027
While it is built
12.5%
AED 750,000
Dec 2027
Keys
30%
AED 1,800,000
Booking payment, 20%
AED 1,200,000
Dubai Land Department fee (Oqood), 4%
AED 240,000
Cash you need to bookThe developer pays the broker, so there is no buyer's fee.
AED 1,440,000
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 (3,400 sq ft) that is about AED 58,000 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.
Rent and yield
Gross yield is a year's rent before costs, as a share of the price.
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
Kent College850 m, 17 min walkSchool
GEMS Wellington Academy3.9 km, 12 min driveIB school
Indian International School2.9 km, 10 min driveIndian school
The Watercrest is an Ellington project of villas and townhouses with three or four bedrooms in Mohammed Bin Rashid City, from AED 6,000,000 with a listed handover of December 2027. The size range needs checking: the listing gives 3,400 to 5,000 sq ft, while the developer's description starts at 3,000 sq ft.
The developer places The Watercrest in Meydan and plans 84 homes. They include townhouses with three bedrooms and villas with three or four. The developer quotes about AED 6,000,000 for the townhouses and about AED 9,000,000 as the starting price for the villas. The listing gives 3,400 to 5,000 sq ft, but the developer's description gives 3,000 sq ft as the smallest size, so ask for the floor plans and the exact size of the home you want.
The plan is 20% on booking, 50% during construction and 30% at handover. At the from price that is AED 1,200,000 on booking, AED 3,000,000 during construction and AED 1,800,000 at handover. The 4% Land Department fee adds AED 240,000 at the from price. The listed handover is December 2027, about 13 months from now, so 70% of the price falls before that date.
The developer says each townhouse and villa will have a private elevator, and kitchens come with appliances fitted. Residents get a private beach near the lake, a gym, private and community pools, green parks and play areas for children. The developer also lists a spa, a barbecue area, concierge and maintenance services and security around the clock.
Kent College is about 840 m away, around 5 minutes by car, and a clinic about 780 m. Indian International School is about 2.9 km away, around 10 minutes by car, and GEMS Wellington Academy about 3.9 km, around 12 minutes. The nearest metro, Creek Metro Station, is about 10.3 km away, around 18 minutes by car. Business Bay is about 20 minutes by car and Dubai Creek Harbour about 22 minutes.
How much does a villa cost compared with a townhouse?
The from price of AED 6,000,000 is for a three-bedroom townhouse. The developer quotes about AED 9,000,000 as the starting price for the villas.
What do I pay at each stage?
At the from price: AED 1,200,000 on booking, AED 3,000,000 during construction and AED 1,800,000 at handover. Separately, the 4% Land Department fee comes to AED 240,000; ask when it is due.
How big are the homes?
The listing gives 3,400 to 5,000 sq ft, but the developer's description starts at 3,000 sq ft. Ask for the floor plans and the exact size.
When is handover?
The listed handover is December 2027, about 13 months away. Ask Ellington for the latest construction update before you book.
Can foreigners buy here?
Yes. The listing gives freehold ownership, so foreign buyers can own outright.
How many homes are there?
The developer plans 84 homes in total, split between townhouses and villas.
