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Sara Al Mansouri

Meridian Properties

+971 50 123 4567

sara@meridianproperties.ae

BRN 34781

Building market report · Madinat Al Mataar · August 2026

Grove Ridge Tower 1

Source: Dubai Land Department open data · Sales through September 2, 2026 · Rents through August 21, 2026

Period covered: Sep 24 to Aug 26 · Ref AR-B6957-202608

Key takeaways

  • Median price for apartments: AED 2,436,888 (AED 19,633 per sqm).
  • Per sqm, apartments here are 5% above the Madinat Al Mataar average of AED 18,643 (sales-weighted across areas).
  • 2 sales recorded in August 2026.
  • 2 bedrooms apartments were the most traded size: median AED 2,027,888 across 5 sales in three months.

1.Apartments2 sales · August 2026

Median sale priceAED 2,436,888—vs last year
Median price / sqmAED 19,633—vs last year5% above the Madinat Al Mataar average
Sales recorded2—vs last year
Median annual rent——new contracts
Gross yield—rent ÷ price
Off-plan share of sales100%2 of 2
Off-plan median / sqmn/aunder 5 sales
Ready median / sqmn/aunder 5 sales

Small sample: medians for August 2026 are based on only 2 recorded sales and can swing month to month. Read the trend, not a single point.

Sale price per sqm and monthly sales · 24 months

19K18K17K43Sep 24May 25Jan 26Aug 26
Feb 26 · 18K /sqmAug 26 · 20K /sqm · 2 sales

Six-month summary

MonthSalesMedian priceAED / sqmMedian rentGross yield
August 20262AED 2,436,888AED 19,633——
July 20264AED 2,052,888AED 16,547——
June 20263AED 2,026,888AED 15,860——
May 20267AED 1,283,888AED 17,416——
April 202610AED 1,585,388AED 17,019——
March 20267AED 1,991,888AED 17,484——

2.By bedroomthree months to August 2026

TypeSalesMedian priceAED / sqmMedian rentContracts
2 bedrooms5AED 2,027,888AED 15,806——

Registered sales and new rental contracts pooled over three months; medians only. Bedroom counts with fewer than five records are not shown.

3.Recent saleslast 15 registered in Grove Ridge Tower 1

DateUnitSize sqmPriceAED / sqmStatus
17 Aug 20261 bedroom77AED 1,351,888AED 17,630Off-plan
3 Aug 20263 bedrooms163AED 3,521,888AED 21,636Off-plan
20 Jul 20261 bedroom74AED 1,289,888AED 17,319Off-plan
17 Jul 20262 bedrooms155AED 2,081,888AED 13,462Off-plan
13 Jul 20262 bedrooms128AED 2,023,888AED 15,775Off-plan
1 Jul 20262 bedrooms127AED 2,686,888AED 21,183Off-plan
9 Jun 20262 bedrooms128AED 2,026,888AED 15,860Off-plan
2 Jun 20262 bedrooms128AED 2,027,888AED 15,806Off-plan
1 Jun 20261 bedroom73AED 1,278,888AED 17,457Off-plan
18 May 20261 bedroom74AED 1,299,888AED 17,453Off-plan
13 May 20261 bedroom73AED 1,283,888AED 17,525Off-plan
11 May 20261 bedroom74AED 1,291,888AED 17,345Off-plan
5 May 20261 bedroom73AED 1,275,888AED 17,416Off-plan
5 May 20261 bedroom77AED 1,364,888AED 17,800Off-plan
4 May 20261 bedroom73AED 1,272,910AED 17,375Off-plan

Sale registrations as published by Dubai Land Department. Sizes are the registered procedure area. No unit numbers or parties are shown.

Comparables for a specific unit

Enter the client's unit and the report gains a section of every registered sale of that size and type in Grove Ridge Tower 1 over the last two years. It stays in the link and the PDF.

4.Methodology and source

Source. Sale transactions registered with the Dubai Land Department and rental contracts registered with Ejari, both published as open data (sales through September 2, 2026, rents through August 21, 2026). No listings, asking prices, or estimates.

Statistics. All figures are medians. Sale records with a price per sqm outside the 1st to 99th percentile of their area and property type are excluded. Rental figures use new registrations only; renewals are excluded. Partial months are never shown; months resting on fewer than thirty sales carry a small-sample note.

Gross yield. Median annual rent of new contracts divided by median sale price for the same area, month, and property type. Indicative only; it does not account for service charges, fees, or vacancy.

Limitations. The DLD publishes with a lag of one to three months. Area and building names are normalized from multiple official spellings. This report is informational and is not a valuation or investment advice.

Full methodology