The Waterway — project image
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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
Rental analysisSee scenario below

Illustrative Rental Scenario

Hypothetical completed-property scenario, not a forecast, valuation or financing offer: 6.5% gross rental yield, 6% acquisition-cost allowance, 60/40 debt/equity, 5.5% interest-only debt cost, 4% vacancy, 5% management, 1.2% service charge proxy and 0.4% maintenance. Service charge and maintenance are percentages of the purchase price; vacancy and management are percentages of gross rent. Rental income assumes the property is completed and let. Construction delays, price changes, sale proceeds and loan principal repayment are excluded. Confirm project-specific rents, costs and financing before relying on a scenario. For a live bespoke model, use our financial analysis calculator.

Scenario Cap Rate
4.3%
NOI AED 85,782 / year
Cash-on-Cash
2.2%
Levered cashflow AED 20,178
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 914,480 / annual levered cash flow. Excludes time before letting.

Pricing and Area Research

Starting prices are project indications, not confirmed unit offers. Ask for current availability, a unit-specific price and size, service charges and dated comparable transactions before deciding.

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Gallery

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Astraterra Properties

Official Documents

Download official marketing materials from Prestige One.

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Payment Structure

20% down payment

Published payment summary

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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

The Waterway location map
Project location

Nearby Destinations

Bukadra

Developer and Project Facts

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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Property Enquiries

Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae

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