Richmond District

Key facts

Handover

Q1 2029

Status

Under construction

Ownership

freehold

Property types

apartment

Availability

Available

Payment plan

Available units

Amenities

• Indoor Swimming Pool
• Landscaped Gardens
• CCTV Security
• Gymnasium
• Restaurants
• Children's Play Area

Location

Richmond District sits in Al Furjan.

Master plan

The developer’s own site plan for Richmond District, showing how the buildings, roads and open space sit together.

How Richmond District compares

Entry here is AED 890,000, against a median of AED 1.0M across the 74 priced projects in Al Furjan, which puts it above 22 of them and below 51. The plan opens at 10% down, against a Dubai median of 10%, in line with the market. Handover lands in Q1 2029, alongside 100 other projects completing in the same quarter. Mira Developments has 8 projects in our catalogue, 4 of them in Al Furjan.

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 10% on booking, 35% during construction, 5% at handover and 50% after handover. The 35% due during construction falls in six instalments of 5% to 10%, 30 days from booking, 6 months from booking, 12 months from booking, 18 months from booking, 24 months from booking and 30 months from booking. At the AED 890,000 entry price, that is AED 89,000 to reserve a unit, AED 312,000 across the build, and AED 45,000 due on completion.

Dubai Land Department registration is charged at 4% of the purchase price on top, which is about AED 36,000 at this entry price. That 10% booking payment does not go to Mira Developments 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 395 square feet at AED 890,000, which works out at AED 2,253 per square foot. Stated sizes run from 395 to 1,186 square feet.

Ownership and residency

Richmond District 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 2 bedroom units here start at AED 2,076,000 and clear it on their own.

Who it suits

The development is apartments in studio to 2 bedroom layouts.

What is on site

Shared facilities recorded for Richmond District are the standard Dubai block: indoor swimming pool, landscaped gardens, CCTV security, gymnasium, restaurants and children's play area.

Frequently asked