The Spark
✓ Resale Available

The Spark

From AED 1.34M·Completed Jan 2026·20% down payment Payment
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AED 1.34M
Starting Price
Jan 2026
Handover
20% down payment
Payment Plan
1 BR · Apartments
Type

Project Overview

The Spark is a promising residential project from ESNAAD Real Estate Development, which is located in the heart of Mohamed Bin Rashid City, District 11, Dubai. The complex offers apartments with 1-2 bedrooms on 5 residential floors, parking on the basement floor, ground floor and facilities on the roof. The project stands out for its carefully designed apartments offering the perfect combination of style and functionality. With a logical layout and careful design, high ceilings and glass facades, each apartment is a testament to the pursuit of excellence. The Spark offers a range of public amenities such as: swimming pool, gym, sauna and steam room, joint work space, cafe, lobby, bicycle parking and electric car charging stations. Thanks to these amenities, residents can seamlessly integrate an environmentally conscious lifestyle into their daily routines. All this contributes not only to current environmental values, but also lays the foundation for a greener future. The Spark organically combines the dynamism of the city and modern tranquility. It is approximately a 12-minute drive to Downtown Dubai and Dubai Mall, 18 minutes to DIFC, 22 minutes to Kite Beach and 20 minutes to Dubai Marina. Dubai International Airport is approximately a 15-minute drive away.

Project Specifications
DeveloperESNAAD Real Estate Development
LocationMBR District 11
Unit Types1 BR, Apartments
AreaMBR District 11
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 65/35 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 7% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 57,845 / year
Cash-on-Cash
1.8%
Levered cashflow AED 13,607
Base-Case IRR
10.3%
5-year hold, levered
Payback Period
16.4 yrs
Gross rent AED 87,136 / 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
The Spark launch basis1,490AED 1.34MCurrent launch / asking basis
MBR District 11 ready-stock comps1,500AED 1.35MIndicative resale benchmark
MBR District 11 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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The Spark official render 1

The Spark official render 1

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The Spark official render 10

Astraterra Properties

Official Documents

Download official marketing materials from ESNAAD Real Estate Development.

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Payment Structure

20% down payment

Flexible Payment

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Floor Plans

The Spark — 1 Bedroom Floor Plan

Amenities & Lifestyle

Coworking zone
Dining outlets (coffee houses & restaurants)
Electric Vehicle Charger
Leisure areas
Lift
Lobby
Sauna
Shared Pool
Shared gym
Shared gym & fitness

Location

MBR District 11

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
MBR District 11MBR District 11Dubai, UAE

Developer Track Record

01

The Spark by ESNAAD Real Estate Development

02

Located in MBR District 11

03

Starting from AED 1,340,557

04

Unit mix includes 1 BR, Apartments

05

Expected handover: Jan 2026

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

Available for Resale

Ready-to-move units · Direct from owner · Verified by Astraterra

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