Ethan by Griffin
Off-Plan

Ethan by Griffin

From AED 1.32M·Handover Sep 2026·20% down payment Payment
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AED 1.32M
Starting Price
Sep 2026
Handover
20% down payment
Payment Plan
1 BR · 2 BR
Type

Project Overview

Ethan by Griffin is an exclusive boutique residential complex by Griffin Real Estate Development, located in the prestigious Nad Al Sheba district, in the heart of Dubai. The project is produced by the agency fäm Properties. The building consist of ground floor, podium level, six floors and a roof. Fully furnished one- and two-bedroom apartments are offered for sale, each with spacious layouts and equipped with intelligent smart home systems. The abundance of natural light, outdoor seating areas, and premium materials underscore Ethan by Griffin's commitment to luxury, convenience, and quality. The complex is under 24/7 security. At Ethan by Griffin, every service and area is designed to support physical and emotional well-being, promote relaxation, and strengthen neighborhood bonds. The complex features a spacious lobby and reception, adult and children's pools, a fitness club, a children's play area, a cozy interior lounge and an outdoor terrace surrounded by greenery. With its prime location close to Dubai's most iconic landmarks, Ethan by Griffin provides easy access to vibrant urban life while maintaining a calm, resort-like atmosphere inside the complex. Downtown Dubai and Burj Khalifa are 5 minutes away, DIFC is 15 minutes away, and Dubai Marina and Dubai International Airport are 20 minutes away.

Project Specifications
DeveloperGriffin Real Estate Development
LocationMeydan (Nad Al Sheba 1)
Unit Types1 BR, 2 BR, Apartments
AreaMeydan (Nad Al Sheba 1)
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 60/40 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 10% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 57,141 / year
Cash-on-Cash
2.2%
Levered cashflow AED 13,441
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 86,075 / year

Comparable Sales Context

Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.

BenchmarkAED / sq ftIndicative TicketContext
Ethan by Griffin launch basis1,471AED 1.32MCurrent launch / asking basis
Meydan (Nad Al Sheba 1) ready-stock comps1,700AED 1.53MIndicative resale benchmark
Meydan (Nad Al Sheba 1) premium peer launches2,100AED 1.89MNew-launch peer set
Trophy alternative proxy2,600AED 2.34MHigher-end anchor for negotiation context

Gallery

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Astraterra Properties

Official Documents

Download official marketing materials from Griffin Real Estate Development.

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Payment Structure

20% down payment

Flexible Payment

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Amenities & Lifestyle

Adults Pool
Air disinfectant system
BBQ
Cabanas
Children’s pool
Covered Parking
Covered gym
Fitness Zone
Infinity pool
Intercom
Kids Play Area
Landscape Open Areas
Laundry
Leisure areas
Lift
Lobby
Lounge
Open Kids Play Area
Outdoor Multipurpose Space
Park Access
Parking
Picnic Area
Pool Deck
Recreational areas
Resting Areas
Roof Gardens
Rooftop Pool
Security and CCTV
Shared Pool
Shared gym
Shared gym & fitness
Sitting Area
Smart home
Social zone
Sports ground

Location

Meydan (Nad Al Sheba 1)

Nearby Destinations

Meydan Racecourse — 2 mins
Downtown Dubai — 10 mins
Dubai Mall — 12 mins
Business Bay — 8 mins
Meydan (Nad Al Sheba 1)Meydan (Nad Al Sheba 1)Dubai, UAE

Developer Track Record

01

Ethan by Griffin by Griffin Real Estate Development

02

Located in Meydan (Nad Al Sheba 1)

03

Starting from AED 1,324,230

04

Unit mix includes 1 BR, 2 BR, Apartments

05

Expected handover: Sep 2026

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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