The Element at Sobha One is an off plan project by Sobha in Ras Al Khor / Meydan, Dubai, from 1,820,000 AED, with handover announced for Q4 2029. The Dubai Land Department recorded construction at 11.12%, buyer payments go to an escrow account at First Abu Dhabi Bank and the developer has registered 398 homes.
Prices and payment plan
Payment plan, 1 bedroom10 / 50 / 40
Today10%182,000 AEDOn booking
Until Q4 202950%910,000 AEDDuring construction
Q4 202940%728,000 AEDOn handover
Total with fees1,892,820 AEDPrice 1,820,000 + land department fee 72,800 + 20 AEDSee the detail
Price1,820,000 AED
Dubai Land Department fee, 4%72,800 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 sqft2,520 AED
Handover (developer)Q4 2029
RERA project number3540
Escrow accountFirst Abu Dhabi Bank
Construction progress11.12% built
Completion date (registered)31 December 2029
Nearest metro stationCreek, 3.9 km; Blue Line (opening planned September 2029): Emaar Properties, Creek Harbour, 2.1 km
Service charges: 16.7 AED per sqft a year, official median of 17 completed buildings by Sobha, Dubai Land Department.
Source: Sobha, official project page · propertyfinder.ae
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: projects on timePayments into an escrow accountPrice per square foot vs the area
Good to know
New-build price vs the secondary marketEase of resale in the areaNet rental yield
See all 15 criteria
Developer record: projects on time10/10
all 18 ongoing projects still within their official end date
Payments into an escrow account10/10
escrow at First Abu Dhabi Bank, status active
Price per square foot vs the area10/10
2,520 against 2,610 AED per sqft in Ras Al Khor / Meydan
Developer record: projects delivered10/10
20 delivered, 27 ongoing, 2 cancelled
New-build price vs the same developer's secondary market9/10
+4.9% on 1 bedroom
Handover date8/10
handover Q4 2029
Developer record: cancelled projects7/10
2 cancelled of 49
Share of the price paid before handover6/10
60% of the price paid before handover
Size vs the area5/10
about 740 sqft against 730 sqft for the same type in Ras Al Khor Industrial First, Dubai Land Department
Homes of this type in the project4/10
88 homes of this type registered in the project, out of 398
Nearest metro station4/10
Creek, 3.9 km; Blue Line (opening planned September 2029): Emaar Properties, Creek Harbour, 2.1 km
Construction progress3/10
11% built, 31% of the official construction time used
Net rental yield2/10
3.6% net of service charges
Ease of resale in the area1/10
79 completed units resold in Ras Al Khor / Meydan over the last 12 months
New-build price vs the secondary market0/10
+147.7% vs the area's secondary market
Market data, 1 bedroom
In short: priced 3% below the area, gross yield 4.3% a year.
Price per sqft, AED
The Element at Sobha One2,520Off plan in the area3,652All sales in the area2,610Completed resale in the area1,475
Gross yield4.3%rent 79,800 AED a year, median of 1,125 registered rents in Ras Al Khor / Meydan
Net yield3.6%After service charges
Same unit type, Dubai Land Department registered sales and rent contracts, Ras Al Khor / Meydan.
After you buy
1
Today
Book with 10%
Through a licensed expert, at the developer price.
2
Q4 2029, handover
Pay the last 40%
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 Ras Al Khor / Meydan
Median price per sqft of completed apartments resold
Since 2023+32%
2026 against 2025+6%
This project, off plan2,520 per sqft
AED per sqft. Dubai Land Department sales, data.dubai. 2026 up to 23 September.
The Element at Sobha One in short
Starting price
1 bedroom1,820,000 AED
2 bedrooms3,000,000 AED
3 bedrooms4,700,000 AED
4 bedrooms6,400,000 AED
Source: Sobha or a property portal, September 2026. Confirm with the developer.
Payment plan
10% On booking50% During construction40% On handover
Handover
Handover is announced for Q4 2029.
On time?
18 of 18 ongoing Sobha 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.
