Vedaire Residences, Meydan: Getting In for 10%
Vedaire Residences is a residential apartment development by Elton Development in Meydan, Dubai. Construction started in October 2025 with handover scheduled for March 2028. Buyers entering now are locking in at an early build stage, with roughly 29 months before keys.
Meydan: What the Location Means in Practice
Meydan sits between Downtown Dubai and the residential areas further south-east. Road access to Downtown and Business Bay is direct, typically around 15 to 20 minutes by car depending on traffic. For investors, that proximity to Business Bay and Downtown employment hubs is the core part of the rental thesis here. Tenants who work in those corridors look for apartments within a reasonable commute, and Meydan fits that.
The district is inland, not a waterfront location. The Meydan Racecourse is the area's best-known landmark. For buyers who prioritise proximity to the city centre over a beach or marina setting, the address is a practical fit.
AED 1.35M to AED 2.16M: Understanding the Spread
The pricing spans AED 1,350,000 to AED 2,160,000, a range of AED 810,000. That entire spread is explained by bedroom count.
One-bedroom units come in three layouts, all starting at AED 1,350,000: Type 1 at 650 sq ft, Type 2 at 734 sq ft, and Type Opale at 834 sq ft. Choosing Opale over Type 1 gives a buyer roughly 28% more floor area at the same starting price. The layouts differ in size; the entry price does not. Anyone comparing units here should look at the actual floor areas alongside the starting price, because the gap between the smallest and largest 1BR is meaningful.
Two-bedroom units come in at AED 2,160,000 with sizes of 1,127 sq ft (Type 1) and 1,151 sq ft (Type 2). These are nearly identical in area. The decision between them comes down to layout, not size.
At the 1BR level, this is a mid-market entry into Meydan. At AED 2.16M for a two-bedroom, the pricing reflects the district's central position without reaching luxury territory.
What Residents Get
| Category | Facilities |
|---|---|
| Wellness | Indoor Swimming Pool, Gymnasium |
| Outdoor & Family | Landscaped Gardens, Children's Play Area |
| Food & Beverage | Restaurants |
| Security | CCTV Security |
An indoor pool works in all seasons, giving it consistent value during Dubai's summer months when outdoor pools see limited use. On-site restaurants within the building offer convenience for residents who prefer to eat close to home. The gym, play area, and gardens together suggest the project is aimed at families and working professionals who want a self-contained building. Six amenities is a focused set, covering daily needs without the overhead of a full-service hotel.
Completion Timeline: March 2028
Construction began in October 2025. The scheduled completion is March 2028. Buying off-plan at this stage means a build period of approximately 29 months ahead. For a buyer focused on capital appreciation during the build, that window is the core of the off-plan investment case. For an end-user, it means planning a move-in around Q1 2028.
The Payment Structure: 10% to Start
| Stage | Share |
|---|---|
| Down Payment | 10% |
| During Construction | 20% |
| On Handover | 70% |
A 10% down payment puts the initial cash commitment at its lowest relative to the purchase price. On the entry-level 1BR at AED 1.35M, that translates to AED 135,000 due at signing. On a 2BR at AED 2.16M, it is AED 216,000. The 20% construction phase is spread across the build period, which eases the pressure of large intermediate payments. The largest payment, 70% at handover, falls in Q1 2028. Buyers using mortgage financing need their bank approval and drawdown ready before that point.