MIRDAD 1
Off-Plan

MIRDAD 1

From AED 792,504·Handover Dec 2028·5% down payment Payment
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AED 792,504
Starting Price
Dec 2028
Handover
5% down payment
Payment Plan
Studio · 1 BR
Type

Project Overview

MIRDAD 1 is the first tower by Union Properties, located in Motor City. The complex consists of four towers united by a shared podium. The first tower includes two basement levels, a ground level, a podium level, and nineteen residential floors. The building is designed in a modern architectural style and, together with the shared podium, forms a cohesive architectural ensemble. Spacious terraces and landscaped areas create a sense of lightness and open space. MIRDAD 1 features residential units ranging from studios to three-bedroom lofts, as well as commercial spaces. The interiors are designed in a minimalist style using warm natural tones, wood, and stone. The complex offers swimming pools, fitness centers, spa areas, a cinema, children’s playgrounds, a clubhouse, a sports complex, a zen garden, and a yoga studio. The project also includes Retail Island — a retail zone with shops, restaurants, and cafés, as well as underground parking for residents’ convenience. Thanks to the convenient location of the complex, travel time is 14 minutes to Dubai Hills Mall, 18 minutes to Mall of the Emirates, 19 minutes to Palm Jumeirah, and 20 minutes to Burj Al Arab. Travel time to Dubai International Airport is 24 minutes, while Dubai Maktoum International Airport can be reached in approximately 30 minutes.

Project Specifications
DeveloperUnion Properties
LocationDubai Motor City
Unit TypesStudio, 1 BR, 2 BR, Apartments
AreaDubai Motor City
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 34,197 / year
Cash-on-Cash
2.2%
Levered cashflow AED 8,044
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 51,513 / 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
MIRDAD 1 launch basis881AED 792,504Current launch / asking basis
Dubai Motor City ready-stock comps1,500AED 1.35MIndicative resale benchmark
Dubai Motor City premium peer launches1,850AED 1.67MNew-launch peer set
Trophy alternative proxy2,250AED 2.02MHigher-end anchor for negotiation context

Gallery

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Astraterra Properties

Official Documents

Download official marketing materials from Union Properties.

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Payment Structure

5% down payment

Flexible Payment

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Amenities & Lifestyle

Adults Pool
Club house
Covered Kids Play Area
Covered gym
Coworking zone
Dining outlets (coffee houses & restaurants)
Electric Vehicle Charger
Gaming Lounge
Golf Simulator
Indoor Multipurpose Space
Indoor cinema
Kids Play Area
Leisure areas
Lift
Lobby
Outdoor Multipurpose Space
Paddle court
Pet Garden
Pool Deck
Pool Lounge
Recreational areas
Resting Areas
Retail outlets
SPA
Security and CCTV
Shared Pool
Shared gym
Sitting Area
Smart home
Social zone
Sports ground
Walking paths
Yoga Area
Zen Garden

Location

Dubai Motor City

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Dubai Motor CityDubai Motor CityDubai, UAE

Developer Track Record

01

MIRDAD 1 by Union Properties

02

Located in Dubai Motor City

03

Starting from AED 792,504

04

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

05

Expected handover: Dec 2028

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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