Phase 3 home types
compact 3-bed · resale AED 5.15M
3-bed, larger plot · resale AED 6.5M
medium and large Type B villas · resale AED 12M
large Type A villa · resale AED 15.31M
Renders from the Meraas Phase 3 brochure.
Phase 3 is the largest sold-out phase so far with 228 original sales on record and 71 genuine resales. Here is how resale prices compare with what first buyers paid.
| Home type | Registered size | Original price AED / registered sq ft | Resale, last 12 months AED / registered sq ft | Change | Resales |
|---|---|---|---|---|---|
| 3-bed townhouse compact 3-bed | 2,107 sq ft | AED 3.81M 1,947 · 54 sales | AED 5.15M 2,451 | +35% | 7 |
| 3-bed semi-detached 3-bed, larger plot | 3,481 sq ft | AED 4.83M 1,482 · 114 sales | AED 6.5M 1,888 | +35% | 12 |
| 4-bed villa medium and large Type B villas | 5,637 sq ft | AED 10.77M 1,849 · 44 sales | AED 12M 2,045 | +11% | 7 |
| 5-bed villa large Type A villa | 8,654 sq ft | AED 15.49M 1,832 · 16 sales | AED 15.31M 1,523 | -1% | 3 too few to rely on all on record |
Original price = median first registered sale. Resale = median genuine resale (previous buyer sold to a new party). Types are assigned from the original developer price band and registered size. DLD does not record home type and often registers the plot area rather than the built-up area, so price per sq ft is only comparable within the same type. Confirm the exact type and plan of any home you view.
Phase 3 has 63 genuine resales on record. The median seller made 17.5% (about AED 0.99M) after holding for 1.9 years, roughly 9.4% a year, and 98% sold above what they paid.
| Home type | Resales | Median gain | Median profit | Median hold | Per year | Sold at a gain |
|---|---|---|---|---|---|---|
| 3-bed semi / larger townhouse | 28 | +22.6% | AED 1.16M | 1.9 yrs | 11% | 100% |
| 3-bed townhouse | 18 | +21.7% | AED 0.95M | 2.1 yrs | 10.1% | 100% |
| 4-bed villa | 14 | +8.2% | AED 0.94M | 1.8 yrs | 6.2% | 100% |
| 5-bed villa | 3 too few to rely on | +4.5% | AED 0.63M | 1.7 yrs | 2.4% | 67% |
Every genuine resale in the DLD unit ledger compared with that unit's previous registered price, before fees. Resales at exactly the previous price (often transfers) and a few registration anomalies are excluded. "Per year" is the median annualised gain for holds of six months or more.
The developer's Phase 3 plan was 10% on booking, 10% in March 2023, six instalments of 5% between August 2023 and April 2025, and 50% on handover. Estimated construction completion was December 2025.
DLD still registers Phase 3 sales as off-plan in 2026, so handover and snagging status varies by home. Always confirm the status, any remaining instalment and the transfer process for the specific unit before you pay a deposit.
Source: Meraas Phase 3 payment plan sheetProperty Index counts 235 homes in Phase 3; 3-bed homes are registered at 1,884-4,564 sq ft, 4-bed villas at 5,038-6,394 sq ft and 5-bed villas at 8,299-10,667 sq ft, which matches the price bands used in the table.
Over the last 12 months, Phase 3 3-bed townhouses resold at a median AED 5.15M (+35% on the original median) and 3-bed semi-detached homes at AED 6.5M (+35%).
4-bed villas resold at AED 12M (+11%), and 5-bed villas have only 3 resales on record, roughly flat on the original price, so negotiation room is larger at the top of the range.
Renders from the Meraas Phase 3 brochure.