The Waterway
Off-Plan

The Waterway

From AED 1.99M·Handover Jun 2027·20% down payment Payment
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AED 1.99M
Starting Price
Jun 2027
Handover
20% down payment
Payment Plan
1 BR · 2 BR
Type

Project Overview

The Waterway is a premium residential development by Prestige One, located in Meydan Horizon, MBR City. The project combines contemporary architecture, elegant design, and exceptional comfort, creating a unique waterfront living experience. The building’s refined modern faсade, with smooth lines and panoramic glass, reflects the serenity of the lagoon and the dynamic spirit of the city. The residential complex consists of a ground floor, seventeen residential floors, and a rooftop with amenities. Available units include one- and two-bedroom apartments as well as luxurious penthouses with spacious terraces overlooking the Ras Al Khor Wildlife Sanctuary and the scenic lagoons. Interiors are designed in neutral tones with natural materials, offering an atmosphere of warmth and understated sophistication. Residents enjoy an array of premium amenities, including a swimming pool with lounge area, fitness center, yoga room, cinema, children’s play area, and barbecue zone. A standout feature of the project is the private lagoon with a landscaped beach and a promenade with walking and cycling paths, ideal for leisure and recreation. Conveniently located in Meydan Horizon, the development provides easy access to key city landmarks: 5 minutes to Ras Al Khor Wildlife Sanctuary, 15 minutes to Burj Khalifa, Dubai Mall, and Business Bay, and 20 minutes to Dubai Hills Golf Club, Dubai Creek Golf & Yacht Club, and Dubai International Airport.

Project Specifications
DeveloperPrestige One
LocationBukadra
Unit Types1 BR, 2 BR, Apartments
AreaBukadra
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 85,782 / year
Cash-on-Cash
2.2%
Levered cashflow AED 20,178
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 129,220 / 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 Waterway launch basis2,209AED 1.99MCurrent launch / asking basis
Bukadra ready-stock comps1,500AED 1.35MIndicative resale benchmark
Bukadra 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 Waterway official render 1

The Waterway official render 1

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The Waterway official render 2

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The Waterway official render 10

Astraterra Properties

Official Documents

Download official marketing materials from Prestige One.

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Payment Structure

20% down payment

Flexible Payment

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Amenities & Lifestyle

BBQ
Cinema
Climbing Wall
Lagoon style swimming pool
Leisure areas
Lift
Lobby
Lounge
Outdoor cinema
Recreational areas
Rooftop Pool
Shared Pool
Shared gym
Shared gym & fitness
Social zone
Sports ground
Walking paths

Location

Bukadra

Nearby Destinations

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

Developer Track Record

01

The Waterway by Prestige One

02

Located in Bukadra

03

Starting from AED 1,988,000

04

Unit mix includes 1 BR, 2 BR, Apartments

05

Expected handover: Jun 2027

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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