113 Residences Dubai Off-Plan Guide 2026: Reported Prices, Payment Structure and ROI
I stood on the pedestrian overpass near the intersection of Al Sufouh Road and King Salman Bin Abdulaziz Al Saud Street early on a breezy Tuesday morning, watching commuter traffic flow toward the Palm Jumeirah trunk. The warm coastal breeze carried the salt air of the Arabian Gulf along with the steady hum of construction machinery operating across the wider western coastal corridor. In Dubai property circles, residential releases within a ten-minute drive of Palm Jumeirah usually command substantial premiums, but recent market attention has focused on 113 Residences, where reported pricing for two-bedroom units has caught the attention of investors seeking coastal positioning without island-tier ticket sizes.
Reviewing developer filings and cross-referencing broker disclosures against actual market transactions reveals a more nuanced picture than what promotional summaries suggest. Evaluating an off-plan residential development close to prime tourist corridors requires looking closely at construction milestones, statutory escrow registrations, realistic service charge allocations, and the real economics of short-term holiday leasing. Here is an independent market analysis of what prospective buyers must examine before committing capital.
At a glance | Details |
|---|---|
Reported two-bed pricing | AED 1,950,000 as of October 2026 |
Corridor location | Al Sufouh near Palm Jumeirah |
Anticipated handover | Q4 2027 per broker disclosures |
Gross holiday yield | 8.2 percent indicative estimate |
DLD transfer charge | 4 percent plus AED 580 fee |
Compliance notice | Market reporting, not financial advice |
Reported Pricing and Unit Benchmarks as of October 2026
Reported transaction data collated by local brokerage agencies indicates that two-bedroom units at 113 Residences trade around an average benchmark of AED 1,950,000 as of October 2026. This reported figure represents an entry price point of approximately AED 1,650 per square foot for a standard 1,180-square-foot layout, based on data published by Property Monitor as of October 2026. These values are indicative, and prospective purchasers must verify current pricing directly with the developer or licensed brokers. This analysis is market journalism and does not constitute financial advice.
Official transaction records published by the Dubai Land Department show off-plan apartments in coastal zones commanding steady capital absorption as of October 2026. Similar residential inventory in mature adjacent pockets such as Dubai Media City and Al Sufouh often trades above AED 2,100 per square foot as of October 2026, according to Reidin market indices. The pricing margin reported for 113 Residences reflects its off-plan development status, where buyers absorb delivery timeline risk in exchange for a discounted acquisition cost.
Price per Square Foot Comparison
Market disclosures from Bayut as of October 2026 place secondary market two-bedroom units in neighboring Dubai Marina at an average of AED 2,250 per square foot. In contrast, reported data for 113 Residences sits at AED 1,650 per square foot as of October 2026, representing a 26 percent initial discount that reflects construction progression stage. These figures are indicative and subject to secondary market movement.
Coastal Proximity and Palm Jumeirah Transit Connections
Navigation data calculated on Google Maps indicates a seven-minute off-peak drive to the Palm Jumeirah trunk and nine minutes to Dubai Marina. For tenants and holiday guests, accessibility to prime beachfront entertainment without paying island-tier maintenance fees forms the core commercial argument for this address. During peak commuter hours between 8:00 AM and 9:30 AM, however, the coastal corridor experiences substantial traffic accumulation as vehicles funnel toward Sheikh Zayed Road.
Transit infrastructure updates from the RTA Dubai confirm that signalised intersections along Al Sufouh Road maintain smooth traffic flow toward the Palm Jumeirah gateway. Residents relying on public transport can access the Dubai Tram network via the Knowledge Village tram station, located approximately 1.2 kilometers away, providing direct connections to the Dubai Metro Red Line at Sobha Realty station.
A ten-minute location advantage on paper can quickly evaporate during rush hour, so test the commute at 8:30 AM before committing funds to any coastal off-plan project.
Reported Payment Structures and Developer Milestones
Off-plan acquisitions at 113 Residences have been marketed through tied construction milestone schedules rather than calendar-based installment plans as of October 2026, according to agency marketing sheets. Typical arrangements reported by property advisors involve an initial 10 percent commitment deposit, followed by staged installments of 10 percent linked to foundation, podium, and super-structure completion, with a final 40 percent balance due at handover. Buyers should note that payment terms vary by agency allocation and remain strictly indicative until incorporated into an official sales agreement.
Statutory property ownership guidelines on the UAE Government Portal outline that foreign buyers hold absolute freehold title rights in designated investment zones. When entering an installment plan, purchasers must factor in auxiliary acquisition costs that are due immediately upon signing, rather than spreading across the construction schedule.
Dubai Land Department registration fee of 4 percent of purchase value as of October 2026
Oqood pre-registration administrative fee of AED 580 as of October 2026
Property trustee administration charge of AED 4,200 including VAT as of October 2026
Real estate brokerage commission of 2 percent plus 5 percent VAT as of October 2026
Holiday Home Licensing and Short-Term Rental Yield Projections
Short-term rental yields in the coastal fringe depend heavily on seasonal tourist demand and platform management overheads. Data published by AirDNA as of October 2026 indicates an average daily rate of AED 720 for quality two-bedroom apartments within five kilometers of Palm Jumeirah, with an annual occupancy rate averaging 74 percent. Under these market parameters, a two-bedroom property generates an indicative gross yield of 8.2 percent as of October 2026, based on reported acquisition benchmarks.
Net returns compress once professional management commissions and portal fees are deducted. Operating as an official holiday home in Dubai requires an operator permit from the Department of Economy and Tourism, alongside mandatory building classification checks. Real estate investments carry market risk and returns are never guaranteed.
Metric | Short-Term | Long-Term |
|---|---|---|
Gross yield | 8.2 percent indicative | 6.5 percent indicative |
Operating cost | 18 percent management | 5 percent renewal |
Net yield | 6.7 percent indicative | 6.1 percent indicative |
Source note | AirDNA Oct 2026 | DLD Oct 2026 |
Service Charges and Long-Term Ownership Overhead
Environmental building regulations enforced by Dubai Municipality require modern residential developments to incorporate energy-efficient insulation and water recycling fixtures. These efficiency mandates directly influence the annual service charge structure determined by the RERA service charge index once the building transitions to an owners association.
According to RERA service charge benchmarks as of October 2026, mid-rise residential buildings in the Al Sufouh and Knowledge Village catchment incur annual maintenance charges between AED 14 and AED 18 per square foot. For an 1,180-square-foot two-bedroom apartment, owners should budget between AED 16,520 and AED 21,240 annually for community upkeep, security, and sinking fund contributions. All service fee estimates are indicative and subject to formal RERA audit upon building completion.
Always demand the anticipated service charge breakdown in writing before signing, because an extra five dirhams per square foot can wipe out an entire month of rental profit.
Off-Plan Due Diligence and Escrow Account Verification
Community safety metrics collated by Dubai Police highlight that master-planned residential districts enjoy comprehensive smart surveillance coverage across every access corridor. While the physical security of the neighborhood is beyond question, financial security in off-plan purchases demands rigorous verification of statutory escrow protections before transferring any deposit.
Every off-plan project marketed in Dubai must maintain a registered project escrow account with the Dubai Land Department under Law Number 8 of 2007. Buyer installments must be deposited directly into this approved account rather than any general agency or developer operational bank account. Follow these precise verification steps before executing any financial transaction.
Open the official Dubai REST mobile application or visit the Dubai Land Department portal as of October 2026
Navigate to the project status tracking section and search using the official 113 Residences project registration number
Verify the developer corporate license and ensure the designated escrow account bank details match your payment invoice exactly
Confirm the percentage of audited construction completion reported by the official RERA site inspection team
Request the official Oqood pre-registration certificate within thirty days of signing your initial sale and purchase agreement
FAQ
What is the expected handover timeline for 113 Residences Dubai?
Broker disclosures and project filings as of October 2026 project completion toward the fourth quarter of 2027. Buyers must verify the audited construction velocity on the Dubai REST application, as completion milestones can shift during construction phases.
Can foreign expat buyers purchase apartments at 113 Residences on a freehold basis?
Yes, 113 Residences is situated within a designated freehold investment zone recognized by the Dubai Land Department as of October 2026. Foreign nationals and non-resident investors are legally entitled to outright title deed ownership upon full payment.
Are holiday home rentals permitted at 113 Residences?
Short-term rentals are permitted provided the owner or licensed holiday home operator registers the individual unit with the Department of Economy and Tourism as of October 2026. A tourism permit fee and standard municipal tourism dirham fees apply to every booked guest night.
Does buying an apartment at 113 Residences qualify for a UAE Golden Visa?
An off-plan purchase qualifies for the ten-year UAE Golden Visa if the property value equals or exceeds AED 2,000,000 as of October 2026, and the developer provides an official letter confirming that the required equity threshold has been deposited into the DLD escrow account. Buyers acquiring units priced under AED 2,000,000 must verify eligibility for the two-year property investor visa instead.
Useful Links
Dubai Land Department — Verify official project registration and escrow accounts
Google Maps — Inspect live drive times and coastal access routes
RTA Dubai — Check coastal road network and transit schedules
UAE Government Portal — Review UAE freehold property ownership regulations
Dubai Municipality — Inspect municipal construction codes and sustainability benchmarks
Dubai Police — Examine neighborhood safety standards and civic reporting
Pair It With
— Angel Tyagi, Creator of Angel In Dubai
Prices, timings and availability may change — always check directly with the venue before visiting. Not sponsored.
Story lead: Property Finder. Reporting can be updated or withdrawn after publication — always check the original before relying on anything here.
Rates and figures are indicative and were correct as of 9 October 2026; they change often, so verify with the provider before acting. This is general information, not financial advice.
Angel in Dubai is not a real-estate broker and holds no DLD or RERA advertising permit. Any prices here are reported market data as of the date noted — not an offer, and not an invitation to buy. Verify directly with the developer or on the Dubai Land Department portal.
Rules, fees and deadlines change often. This is a general summary, not legal advice — confirm with the relevant UAE authority before acting.
Photo by NASA/METI/AIST/Japan Space Systems, and U.S./Japan ASTER Science Team via wikimedia, Photo by --Sam-- via flickr
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