Mars Residences

Key facts

Handover (past)

Q4 2024

Status

Ready

Ownership

freehold

Property types

apartment

Availability

Limited availability, confirm with us

Payment plan

Available units

Amenities

• Landscaped Gardens
• Gymnasium
• Security
• Covered Parking
• Children's Play Area
• Barbecue Area

Location

Mars Residences sits in Mars Residences.

How Mars Residences compares

Entry here is AED 532,517, against a median of AED 719,000 across the 25 priced projects in Dubai Sports City, which puts it above 4 of them and below 20. The plan opens at 20% down, against a Dubai median of 10%, so it asks 10% more up front than the typical plan. Handover lands in Q4 2024, alongside 104 other projects completing in the same quarter.

Measured across our own catalogue of Dubai off-plan projects, refreshed with the source listings. Entry price is the lowest advertised unit price in a project, not an average transaction value.

What you pay, and when

The published payment plan is 20% on booking, 20% during construction and 60% at handover. At the AED 532,517 entry price, that is AED 107,000 to reserve a unit, AED 107,000 across the build, and AED 320,000 due on completion.

Dubai Land Department registration is charged at 4% of the purchase price on top, which is about AED 21,000 at this entry price. That 20% booking payment does not go to Mars Star Real Estate Development directly: under Dubai's Law 8 of 2007 a registered project holds it in a RERA-supervised escrow account, drawn down against certified construction progress.

What the entry price works out at

The cheapest unit with a published size is 340 square feet at AED 532,517, which works out at AED 1,566 per square foot. Stated sizes run from 340 to 1,543 square feet.

Handover and construction

Mars Residences handed over in Q4 2024.

Ownership and residency

Mars Residences is a freehold development, so a buyer of any nationality can own a unit outright and hold the title deed. The entry price is below the AED 2,000,000 property threshold for the 10 year UAE golden visa, though 3 bedroom units here start at AED 2,109,811 and clear it on their own.

Who it suits

The development is apartments in studio to 3 bedroom layouts. studios start at AED 532,517 and 3 bedroom units at AED 2,109,811, so one building covers a first rental purchase and a family home.

What is on site

Shared facilities recorded for Mars Residences lead with covered parking, alongside the landscaped gardens, gymnasium, security, children's play area and barbecue area that most Dubai developments carry.

Frequently asked