John Richmond District
Off-Plan

John Richmond District

From AED 890,000·Handover Jun 2029·10% down payment Payment
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AED 890,000
Starting Price
Jun 2029
Handover
10% down payment
Payment Plan
Studio · 1 BR
Type

Project Overview

John Richmond District — luxury residential complex by Mira Developments in Al Furjan, Dubai. The project unites five residential towers and a business complex, connected via a shared podium, with retail, wellness and leisure zones. The architectural concept reflects the iconic John Richmond brand aesthetic, blending boldness with luxury. Building facades feature contemporary mashrabiya screens, providing enhanced privacy and coolness without compromising natural light, while creating a dynamic architectural presence. There are studios and one- and two-bedroom apartments. Residents enjoy an extensive range of amenities, including concierge, valet, housekeeping and room service. The podium hosts three resort-style pools, a decorative waterfall, elegant water features, a modern fitness center and an outdoor training area. Thanks to its prime location, residents have swift access to Dubai's key attractions. Discovery Gardens Metro Station is just one minute away. To Bluewaters Island — 8 minutes, to Palm Jumeirah — 10 minutes, to Downtown Dubai — 18 minutes. Al-Maktoum International Airport is located 20 minutes' drive from the complex. For sale: Studio - from 890 000 AED / 395.74 sq. ft. 1 BR - from 1 502 000 AED / 718.51 sq. ft. 2 BR - from 2 076 000 AED / 1 186.38 sq. ft. Other detailed information will be announced later

Project Specifications
DeveloperMira Developments
LocationAl Furjan
Unit TypesStudio, 1 BR, 2 BR, Apartments
AreaAl Furjan
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 38,404 / year
Cash-on-Cash
2.2%
Levered cashflow AED 9,034
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 57,850 / 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
John Richmond District launch basis989AED 890,000Current launch / asking basis
Al Furjan ready-stock comps1,100AED 990,000Indicative resale benchmark
Al Furjan premium peer launches1,350AED 1.22MNew-launch peer set
Trophy alternative proxy1,550AED 1.40MHigher-end anchor for negotiation context

Gallery

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Astraterra Properties

Official Documents

Download official marketing materials from Mira Developments.

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Payment Structure

10% down payment

Flexible Payment

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Amenities & Lifestyle

Accessibility for people with disabilities
Concierge Service
Dining outlets (coffee houses & restaurants)
Fountain
Housekeeping Services
Lift
Lobby
Lounge
Multipurpose Sports Courts
Pool Deck
Recreational areas
Retail outlets
Shared Pool
Shared gym & fitness
Table Tennis
Valet parking
Waterfall
Yoga Area

Location

Al Furjan

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Al FurjanAl FurjanDubai, UAE

Developer Track Record

01

John Richmond District by Mira Developments

02

Located in Al Furjan

03

Starting from AED 890,000

04

Unit mix includes Studio, 1 BR, 2 BR, Apartments

05

Expected handover: Jun 2029

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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