113 Residences is an off plan project by Iman in Al Sufouh, Dubai, from 1,800,000 AED, with handover announced for Q2 2029. The Dubai Land Department recorded construction at 0.00%, buyer payments go to an escrow account at Mashreq Bank and the developer has registered 113 homes.
Prices and payment plan
Payment plan, 1 bedroom20 / 30 / 50
Today20%360,000 AEDOn booking
Until Q2 202930%540,000 AEDDuring construction
Q2 202950%900,000 AEDOn handover
Total with fees1,872,020 AEDPrice 1,800,000 + land department fee 72,000 + 20 AEDSee the detail
Price1,800,000 AED
Dubai Land Department fee, 4%72,000 AED
Knowledge and innovation fees20 AED
Developer registration feeOn the developer invoice
Source: Dubai Land Department, units registered by the developer, file of 23 October 2026.
Price per sqft2,534 AED
Handover (developer)Q2 2029
RERA project number4503
Escrow accountMashreq Bank
Construction progress0.00% built
Completion date (registered)28 February 2029
The two dates can differ. Sale contracts usually allow 6 to 12 months beyond the announced handover date.
Nearest metro stationDubai Internet City, 0.9 km
Service charges: 18 AED per sqft a year, official median of 7 completed buildings in Al Sufouh, Dubai Land Department.
Source: Iman, official project page · imandevelopers.com
Data dates
Developer prices29 September 2026
Dubai Land Department register18 October 2026
Sales registered up to2 November 2026
Property Radar score
out of 100
15 criteria measured
Highlights
Developer record: cancelled projectsPayments into an escrow accountHomes of this type in the project
Good to know
Ease of resale in the areaPrice per square foot vs the areaNew-build price vs the secondary market
See all 15 criteria
Developer record: cancelled projects10/10
none on record
Payments into an escrow account10/10
escrow at Mashreq Bank, status active
Homes of this type in the project10/10
22 homes of this type registered in the project, out of 113
New-build price vs the same developer's secondary market10/10
+2.4% on 1 bedroom
Nearest metro station8/10
Dubai Internet City, 0.9 km
Share of the price paid before handover8/10
50% of the price paid before handover
Handover date8/10
handover Q2 2029
Developer record: projects delivered7/10
8 delivered, 9 ongoing, 0 cancelled
Developer record: projects on time7/10
7 of 8 ongoing projects still within their official end date
Construction progress7/10
0% built, 6% of the official construction time used
Size vs the area4/10
about 765 sqft against 830 sqft for the same type in Al Safouh First, Dubai Land Department
Net rental yield2/10
3.8% net of service charges
New-build price vs the secondary market0/10
+58.2% vs the area's secondary market
Price per square foot vs the area0/10
2,534 against 1,725 AED per sqft in Al Sufouh
Ease of resale in the area0/10
20 completed units resold in Al Sufouh over the last 12 months
Market data, 1 bedroom
In short: priced 47% above the area, gross yield 4.5% a year.
Price per sqft, AED
113 Residences2,534Off plan in the area2,534All sales in the area1,725Completed resale in the area1,602
Gross yield4.5%rent 88,000 AED a year, median of 154 registered rents in Al Sufouh
Net yield3.8%After service charges
Same unit type, Dubai Land Department registered sales and rent contracts, Al Sufouh.
After you buy
1
Today
Book with 20%
Through a licensed expert, at the developer price.
2
Q2 2029, handover
Pay the last 50%
In cash or with a mortgage, up to 80% for residents.
3
After the keys
Rent it out
Long term or holiday home, managed for you.
Services from our selected partners. It never changes the score.
Prices in Al Sufouh
Median price per sqft of completed apartments resold
Since 2023+55%
2026 against 2025+4%
This project, off plan2,534 per sqft
AED per sqft. Dubai Land Department sales, data.dubai. 2026 up to 23 September.
113 Residences in short
Starting price
1 bedroom1,800,000 AED
2 bedrooms2,560,000 AED
3 bedrooms3,650,000 AED
4 bedrooms5,440,000 AED
Source: Iman or a property portal, September 2026. Confirm with the developer.
Payment plan
20% On booking30% During construction50% On handover
Handover
Handover is announced for Q2 2029.
On time?
7 of 8 ongoing Iman projects are still within their official end date, in the Dubai Land Department project registry.
How to buy
A broker licensed by the Dubai Land Department, from our partner agency, confirms the price list and the units still available, and handles the booking with you. The contact is free.
Location and similar projects
No other off plan project is tracked in this area for now.
