Sanctuary by Prestige One: A Meydan Apartment Project Worth a Closer Look
Who Built It and What It Is
Prestige One Developments is the name behind this project. Sanctuary is a residential apartment building in Meydan, Dubai. Construction started in January 2026, and the project targets handover in December 2028. That gives you roughly three years from now to completion, which is a meaningful window for anyone thinking about cash flow and off-plan risk.
What Meydan Actually Means for a Buyer
Meydan sits in the heart of Dubai, sandwiched between Business Bay and Mohammed Bin Rashid City. That location matters for a few reasons.
If you work in Downtown Dubai or Business Bay, you are looking at a short commute, often under ten minutes by car. The area has expanded quickly over the past few years, moving from a district known mainly for the racecourse into a genuine residential address. Infrastructure is in place. Road access is good. The Meydan One Mall development in the wider area has added commercial gravity.
For investors, Meydan carries appeal because it sits in a high-growth corridor. Capital appreciation has been solid across the district, and rental demand from professionals working in central Dubai tends to be consistent. It is not the cheapest location in Dubai, but it is not priced at Downtown levels either. That middle ground is where a lot of serious investors focus.
What AED 1.84M to AED 4.78M Actually Covers
That is a wide price range, and it tells you something important: this is not a single-product building.
At the lower end, around AED 1.84M, you are likely looking at a compact one-bedroom apartment. That buyer is probably an investor chasing yield or a first-time Dubai purchaser getting into a location they could not otherwise afford at this price point. At the upper end, AED 4.78M, the product changes considerably. Larger two or three-bedroom units, higher floors, or premium aspects within the building are what push prices there. That buyer is typically an end-user, possibly a family, or an investor looking for a premium rental product.
If you are comparing options across Meydan, knowing where your budget sits in that range helps set realistic expectations about unit size and floor position.
Who Each Unit Type Suits
Sanctuary offers apartments only. That keeps the buyer pool relatively consistent: urban professionals, couples, small families, and buy-to-let investors. There are no villas or townhouses here, so buyers looking for private outdoor space or a garden will need to look elsewhere.
What the Amenity Set Tells You
| Category | Facilities |
|---|---|
| Fitness and Wellness | Indoor Swimming Pool, Gymnasium |
| Outdoor and Leisure | Landscaped Gardens, Children's Play Area |
| Dining | Restaurants |
| Security | CCTV Security |
The indoor pool is worth noting here, not because it is rare in Dubai broadly, but because it keeps the facility usable year-round regardless of summer heat. The presence of on-site restaurants suggests the developer is positioning this as a self-contained environment for residents who want convenience built into the building. The children's play area signals that families form part of the intended resident profile, not just young professionals or investors.
Six amenities is a focused list. This is not a resort-style building with twenty facilities. That can be a positive: amenity-heavy projects often carry higher service charges. Buyers should ask about projected RERA service charge rates before committing.
Getting In for 20%
| Stage | Percentage |
|---|---|
| Down Payment | 20% |
| During Construction | 45% |
| On Handover | 35% |
A 20% down payment sits at the standard entry point for Dubai off-plan. It is not the aggressive 10% or 15% structures some developers offer to drive early sales, but it is not onerous either. The 45% paid during construction means your capital is working hard across the build period, so buyers need reliable liquidity through to late 2028. There is no post-handover payment plan, which means the full balance is due at keys. If you are financing through a mortgage, get that pre-approval conversation started early.
Timeline Reality Check
Construction began in January 2026. Target completion is December 2028. That is a roughly three-year build cycle, which is standard for a project of this type. For a buyer entering now, you are early in the construction phase, which typically means more choice of unit, but also the longest wait. Verify construction milestones directly with the developer before signing.