Meraas raised its price with every phase. A ready Phase 2 or 3 home bought on resale today can cost less than the developer charged off-plan for the latest phases.
| Phase | 3-bed townhouse, original price | Resale now | |
|---|---|---|---|
| Phase 2 | AED 3.82M | AED 5.7M | |
| Phase 3 | AED 3.81M | AED 5.15M | |
| Phase 4 | AED 4.57M | AED 4.97M | |
| Phase 5 | AED 4.82M | AED 5.2M | |
| Phase 6 | AED 4.76M | AED 5.28M | |
| Phase 8 | AED 4.93M | AED 5.28M | |
| Phase 9 | AED 5.46M | no resales yet | |
| Phase 10 | AED 5.93M | no resales yet | |
| Phase 11 | AED 6.24M | no resales yet |
Median first registered sale (original price) and median genuine resale for 3-bed townhouses registered at under 3,000 sq ft, mostly the standard ~1,960 sq ft registration. Phase 2 and 3 resales are the last 12 months; Phases 4-8 are all resales on record. Later-phase townhouses have a different design and built-up area (2,700-3,400 sq ft in Meraas plans), so this compares the price of a townhouse in each phase, not identical homes. Source: DLD via PropertyIndex, to Sep 2026.
Phase 2 and 3 townhouses now resell at about AED 5.2M to 5.7M, ready to move into, against AED 5.9M to 6.2M that Meraas charged off-plan in Phases 10 and 11. For 4-bed villas the gap has closed: Phase 2 and 3 resales of about AED 12M sit level with what later phases first sold for. This is history, not a forecast, and later designs differ in size and layout.
From the DLD unit ledgers for Phases 2 to 8 (Phases 9 to 11 have almost no resales yet): every owner who resold, compared with what they paid. Medians, before fees.
| Phase | Resales | Median gain | Median hold | Per year | Sold at a gain |
|---|---|---|---|---|---|
| Phase 2 | 103 | +20.3% | 1.9 yrs | 10.8% | 97% |
| Phase 3 | 63 | +17.5% | 1.9 yrs | 9.4% | 98% |
| Phase 4 | 30 | +14.6% | 1.6 yrs | 8.3% | 100% |
| Phase 5 | 15 | +7.1% | 1.6 yrs | 6.4% | 100% |
| Phase 6 | 11 | +10.3% | 1.3 yrs | 8.6% | 91% |
| Phase 8 | 10 | +6.7% | 0.9 yrs | 5.4% | 90% |
3-bed townhouses and semi-detached homes in Phases 2 and 3 have done best, at about 10% to 13% a year; 4-bed villas about 6% a year. Off-plan sellers did better on their cash than these figures show: a Phase 3 townhouse bought in February 2023 for AED 3.59M resold in June 2025 for AED 4.8M. Under the 50/50 plan the owner had paid about half the price by then, so the AED 1.21M gain was roughly 68% on the cash paid in, before fees.
A simple investor view has three parts: capital appreciation, rental income, and the exit value when you sell. With a mortgage, you put in less cash, so gains and costs are magnified on your own equity.
Illustration: about 10% a year capital growth plus about 5% rent on value is roughly a 15% a year unlevered return. Registered Ejari rents in Phase 2 point to about 5% gross: Property Index puts the project at 5.8% overall and 4.7% for 3-bed homes, with 3-beds renting around AED 300,000 a year and 4-beds around AED 460,000 to 600,000. Treat both numbers as assumptions you can change below.
Ahmed can run this against an actual resale, with the previous owner's price, the plot and current asking prices.