New homes in Vedaire Residences start at AED 1,350,000; keys are due Sep 2027; you pay 10% to book, 20% while it is built and 70% at the keys.
In the 12 months to Oct 19, 2026, Dubai Land Department recorded 141 off-plan sales of 1-bed apartments of 621 sq ft to 931 sq ft in Meydan Racecourse Community. Their median price is AED 2,305 per sq ft (about AED 1,461,000 at 634 sq ft). This project's from price is AED 2,129 per sq ft (AED 1,350,000 for its smallest home, 634 sq ft), 8% less.
Keys
Sep 2027
The developer's handover date
Payment plan
10 / 20 / 70
10% to book, 20% while it is built, 70% at the keys
Bedrooms
1 to 2 beds
Sizes
634 to 1,778 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 2,129 per sq ft
Similar off-plan homes: AED 2,305 per sq ft
RERA project
3599
Check it in Dubai REST, the Dubai Land Department's official app.
Built
0%
Not started. DLD register, Jun 12, 2026
Completion on the register
Mar 2028
DLD shows only the current date, so we can't tell whether it has moved before.
Escrow account
بنك الفجيره الوطنى ش م ع
The bank that holds your payments
Registered homes
46
In 1 buildings
Paying for it
You pay 10% when you book, 20% as the building goes up, and 70% when you get the keys.
AED
When
Stage
Share
Amount
Now
Booking
10%
AED 135,000
Feb 2027
While it is built
6.7%
AED 90,000
Apr 2027
While it is built
6.7%
AED 90,000
Jul 2027
While it is built
6.7%
AED 90,000
Sep 2027
Keys
70%
AED 945,000
Booking payment, 10%
AED 135,000
Dubai Land Department fee (Oqood), 4%
AED 54,000
Cash you need to bookThe developer pays the broker, so there is no buyer's fee.
AED 189,000
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.
This project's escrow account is at the bank named on the register above, watched by RERA. Pay into that account, never to a person.
Budget for the service charge.
Buildings in this area paid a median of AED 8 per sq ft a year in 2023, from 6 buildings on the Dubai Land Department register. For the smallest home (634 sq ft) that is about AED 5,000 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 141 off-plan sales of 1-bed apartments of 621 sq ft to 931 sq ft in Meydan Racecourse Community, from Oct 20, 2025 to Oct 19, 2026. Here is what they sold for, and where this project's from price sits.
Too few similar homes in Vedaire Residences sold in 24 months, so we compare with off-plan sales across Meydan Racecourse Community.
Dubai Land Department recorded 141 off-plan sales of 1-bed apartments of 621 sq ft to 931 sq ft in Meydan Racecourse Community, 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 2,305 per sq ft
AED 1,669 to AED 1,935 per sq ft
20 sales
AED 1,935 to AED 2,201 per sq ft
31 sales
This project's from price is in this band.
AED 2,201 to AED 2,467 per sq ft
33 sales
AED 2,467 to AED 2,733 per sq ft
20 sales
AED 2,733 to AED 2,999 per sq ft
2 sales
AED 2,999 to AED 3,265 per sq ft
0 sales
AED 3,265 to AED 3,531 per sq ft
3 sales
AED 3,531 to AED 3,796 per sq ft
32 sales
AED 1,669 per sq ftAED 3,796 per sq ft
This project AED 2,129 per sq ft
Half of the sales sold for AED 2,041 to AED 2,780 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 1,669 to AED 1,935 per sq ft
20
AED 1,935 to AED 2,201 per sq ft
31
AED 2,201 to AED 2,467 per sq ft
33
AED 2,467 to AED 2,733 per sq ft
20
AED 2,733 to AED 2,999 per sq ft
2
AED 2,999 to AED 3,265 per sq ft
0
AED 3,265 to AED 3,531 per sq ft
3
AED 3,531 to AED 3,796 per sq ft
32
The 3 closest sales
Picked from the 141 similar sales above, closest in size to this project's smallest home.
Apr 2026AED 1,440,000AED 2,271 per sq ftVedaire Residences, 634 sq ft
Dec 2025AED 1,450,000AED 2,287 per sq ftVedaire Residences, 634 sq ft
May 2026AED 1,451,000AED 2,292 per sq ftARTHOUSE RESIDENCES TOWER A by AVIAAN, 633 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 Nad Al Shiba First 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 1,350,000 here
Off-plan medianAED 2,334,000AED 3,637 per sq ft
Sales485
8% below 141 similar sales
2-bed apartment
Off-plan medianAED 3,254,000AED 2,700 per sq ft
Sales260
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
6.3%
Typical for similar ready homes
7.1%
Median rent of 1-bed apartments in Nad Al Shiba First
AED 85,000 a year
Rent contracts counted
613
Rented between
Apr 1, 2025 and Mar 31, 2026
1-bed apartment
AED 85,000 a year
2-bed apartment
AED 130,000 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 1,350,000 = 6.3%. 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
Business Bay Metro Station5.4 km, 13 min driveMetro station
Business Bay creek front4.2 km, 15 min driveWaterfront
Hartland International School3.2 km, 6 min driveSchool
Dubai International School3.3 km, 15 min driveAmerican school
GEMS New Millenium School4.7 km, 19 min driveIndian school
Sobha Mall (Under Construction)3.3 km, 7 min driveMall
Vedaire Residences is an Elton Real Estate Development project in Meydan City with one and two-bedroom apartments from AED 1,350,000 and a listed handover of September 2027. The plan puts 70% of the price at handover, and the from price is about 7.6% below 141 similar one-bedroom sales in Meydan Racecourse Community (12 months to October 2026).
Most of the price falls at the end here. You pay 10% on booking, 20% during construction and 70% at handover. At the from price that is AED 135,000 on booking, AED 270,000 during construction and AED 945,000 at handover, so AED 405,000 is paid before handover. Ask when the 20% construction payment falls due. Separately, the 4% DLD fee comes to AED 54,000 at the from price; ask when it is due.
The from price is about 7.6% below 141 similar one-bedroom sales in Meydan Racecourse Community (12 months to October 2026). Ask which unit and floor the from price applies to before you compare. The listed handover is September 2027, about ten months from now, so ask the developer for a construction update.
The listing shows one and two-bedroom apartments from 634 to 1,778 sq ft. The developer lists open kitchens, study areas, private terraces, home automation and custom lighting. Shared facilities include a rooftop beach pool, a fully equipped fitness centre, a yoga deck, kids' play zones and BBQ areas.
An express clinic at a Life Pharmacy is about 250 m away. Hartland International School is about 3.2 km away, around 6 minutes by car. Business Bay is about 4.0 km away and Business Bay Metro Station about 5.4 km, each around 13 minutes by car by our estimate. Dubai Hills Golf Club is about 5.7 km away and Jumeirah Beach about 7.7 km.
