What does a 1-bedroom cost here?
Not enough deals yet
Only 16 sold here since January 2024, too few for a fair range. Across Al Merkadh, a 1-bedroom resells for about AED 1.42M.
Prices and rents at The Terraces
What does a 1-bedroom rent for?
AED 90k a year
Based on 13 new leases here in the last 3 months.
What should you pay for a 2-bedroom?
AED 2.78M
That's the typical price. 21 of the 38 2-bedrooms resold here since January 2024 went for AED 2.17M to AED 3.2M. Got an asking price? Enter it below to see how it compares.
Each dot is a real sale here since January 2024.
What should you offer first?
AED 2.17M
10 of the 38 2-bedrooms resold here since January 2024 went for this or less. Start here and leave room to move.
- Across Al Merkadh263 recent resalesDown 8%
What will it really cost you?
Based on the typical 2-bedroom here at AED 2.78M, and renting a 2-bedroom here for AED 165k a year.
The mortgage is AED 1,411 a month less than renting.
Before service charges and any change in price.
Owning: mortgage each monthAED 12,339
Renting a 2-bedroom hereAED 13,750
Cash you need
AED 738k
- Down paymentAED 555,000
- DLD transfer feeAED 111,580
- Agency feeAED 58,275
- Trustee, mortgage and valuationAED 13,040
Over 5 years, buying costs about AED 654k in fees and interest. Renting costs about AED 825k.
Fees: DLD transfer fee 4% plus AED 580; trustee fee AED 4,000 plus VAT; mortgage registration 0.25% of the loan plus AED 290; agency fee 2% plus VAT; bank valuation about AED 3,000. Up to 80% loan for a first home up to AED 5M. Your bank sets your rate.
What would it earn as a rental?
6.0%
A year's rent, about AED 165k, as a share of the price, before service charges. 2-bedrooms across Al Merkadh earn 5.8%.
AED 2.78Mprice→AED 165kyearly rent=6.0%return
Will it be easy to sell later?
1 a month
That's how often a 2-bedroom resells here.
Are prices rising or falling?
No clear move
Only 3 resales in the building in the last 3 months, too few to call a direction.
Do bigger 2-bedrooms cost more?
Each dot is a 2-bedroom sale here. The line is the going rate: every extra sq ft adds about AED 1,597. Dots well above the line sold for more than their size explains, so ask what made them worth it.
What does a 3-bedroom cost here?
Not enough deals yet
Only 5 sold here since January 2024, too few for a fair range. Across Al Merkadh, a 3-bedroom resells for about AED 3.35M.
Is your rent fair?
AED 90k a year
That's the typical new 1-bedroom rent here. Of the 13 new leases in the last 3 months, 9 signed for AED 88k to AED 100k. Enter your quote to check it.
Each dot is a real new lease here in the last 3 months.
How much choice do you have?
1 a week
That's how often a new 1-bedroom lease is signed here, from 13 new leases in the last 3 months.
Where else could you rent for less?
5 buildings
nearby sign new 1-bedroom leases under AED 90k. Here's the typical rent at each building over the last 3 months.
- Sobha Creek VistasAED 67k77 leases
- Sobha Creek Vistas ReserveAED 70k84 leases
- Sobha Hartland WavesAED 75k74 leases
- Sobha Hartland the CrestAED 79k144 leases
- Wilton TerracesAED 85k27 leases
- Sobha Hartland One Park AvenueAED 90k11 leases
- The TerracesAED 90k13 leases
- Sobha Creek Vistas GrandeAED 94k22 leases
- Wilton Park ResidencesAED 95k33 leases
- Sobha Hartland Crest GrandeAED 100k50 leases
- Sobha Hartland Waves OpulenceAED 100k68 leases
- Kensington WatersAED 114k17 leases
Is your rent fair?
AED 165k a year
That's the typical new 2-bedroom rent here. Of the 17 new leases in the last 3 months, 9 signed for AED 130k to AED 210k. Enter your quote to check it.
Each dot is a real new lease here in the last 3 months.
Renew or move?
Renewing costs less
Renewing tenants pay about AED 150k, new tenants about AED 165k. Renewing is the cheaper way to stay.
Are rents going up or down?
No clear move
Only 17 new 2-bedroom leases in the last 3 months, too few to call a direction.
How much choice do you have?
1 a week
That's how often a new 2-bedroom lease is signed here, from 17 new leases in the last 3 months.
What if you bought instead?
17 years
of rent at AED 165k equals the typical 2-bedroom price, AED 2.78M, before fees and service charges.
Could you buy for what you pay in rent?
You'd pay about AED 165k a year to rent a 2-bedroom here. Here's what owning a 2-bedroom here would cost each month, and the cash you'd need first.
Cash you'd need to buy
AED 738kthen AED 12,339 a month
- Down paymentAED 555,000
- DLD transfer feeAED 111,580
- Agency feeAED 58,275
- Trustee, mortgage and valuationAED 13,040
Owning: mortgage each monthAED 12,339
Renting a 2-bedroom hereAED 13,750
Owning would cost you AED 1,411 a month less than renting, before service charges, once you've put down AED 738k.
Fees: DLD transfer fee 4% plus AED 580; trustee fee AED 4,000 plus VAT; mortgage registration 0.25% of the loan plus AED 290; agency fee 2% plus VAT; bank valuation about AED 3,000. Up to 80% loan for a first home up to AED 5M. Your bank sets your rate.
Where else could you rent for less?
10 buildings
nearby sign new 2-bedroom leases under AED 165k. Here's the typical rent at each building over the last 3 months.
- Sobha Creek VistasAED 91k42 leases
- Sobha Creek Vistas ReserveAED 99k26 leases
- Sobha Hartland WavesAED 111k22 leases
- Wilton Park ResidencesAED 125k13 leases
- Wilton TerracesAED 131k14 leases
- Sobha Hartland One Park AvenueAED 134k16 leases
- Sobha Hartland the CrestAED 135k37 leases
- Sobha Creek Vistas GrandeAED 145k20 leases
- Sobha Hartland Crest GrandeAED 150k57 leases
- Kensington WatersAED 160k15 leases
- The TerracesAED 165k17 leases
- Sobha Hartland Waves OpulenceAED 179k26 leases
What does a 3-bedroom rent for here?
Not enough deals yet
No new leases here in the last 3 months. Across Al Merkadh, a new 3-bedroom lease is about AED 175k a year.
Where else could you rent a 3-bedroom?
Here are other buildings nearby and what a 3-bedroom rents for in each.
- Sobha Hartland One Park AvenueAED 165k21 leases
- Sobha Hartland the CrestAED 170k27 leases
- Sobha Hartland Crest GrandeAED 175k42 leases
- Sobha Hartland Waves OpulenceAED 230k13 leases
What does a 1-bedroom cost here?
Not enough deals yet
Only 16 sold here since January 2024, too few for a fair range. Across Al Merkadh, a 1-bedroom resells for about AED 1.42M.
What does a 1-bedroom rent for?
AED 90k a year
Based on 13 new leases here in the last 3 months.
What would your 2-bedroom sell for?
Move the slider to your size.
AED 2.78M
Apartments this size here usually sell for AED 2.57M to AED 2.87M.
What rent should you ask?
AED 165k
That's the typical new 2-bedroom rent here. 4 of the 17 new leases paid over AED 210k. Ask more if yours is high up or upgraded.
AED 130kAED 210k
If you sold today, what would you walk away with?
Start from the typical 2-bedroom price here, AED 2.78M. Enter what's left on your mortgage to see what reaches your account.
You'd walk away with about
AED 2.78M
- Yours to keepAED 2,775,000
Your developer also charges for the no-objection certificate, often AED 500 to 5,000.
How has your value changed?
No clear move
Only 3 resales in the building in the last 3 months, too few to call a direction.
If you sell, how quickly?
1 a month
2-bedrooms resell here at about this pace. The latest 3:
- 27 Oct1,389 sq ftAED 2.95M
- 21 Sep1,841 sq ftAED 3.25M
- 23 Jul1,159 sq ftAED 2.04M
Is it earning its keep?
6.0%
That's a year's rent against today's price, before costs. 2-bedrooms across Al Merkadh earn 5.8%.
How have prices moved since 2024?
Each month's price per sq ft, from resales. Across Al Merkadh, prices are down 8% on a year ago.
One month (bigger: more sales)Al Merkadh
What does a 3-bedroom cost here?
Not enough deals yet
Only 5 sold here since January 2024, too few for a fair range. Across Al Merkadh, a 3-bedroom resells for about AED 3.35M.
Where else could you buy a 1-bedroom?
Here are other buildings nearby and what a 1-bedroom costs in each.
- BuildingTypical priceRent a yearReturn
- Sobha Creek VistasAED 1.04MAED 67k a year6.5%
- Sobha Creek Vistas ReserveAED 1.13MAED 70k a year6.2%
- Sobha Hartland WavesAED 1.18MAED 75k a year6.4%
- Sobha Hartland the CrestAED 1.32MAED 79k a year6.0%
- Kensington WatersAED 1.85MAED 114k a year6.1%
Where else could you buy a 3-bedroom?
Here are other buildings nearby and what a 3-bedroom costs in each.
- BuildingTypical priceRent a yearReturn
- Sobha Hartland Crest GrandeAED 3.2MAED 175k a year5.5%
- Sobha Hartland the CrestAED 3.32MAED 170k a year5.1%
Is it still selling?
The latest sale in The Terraces was registered on 27 Oct 2026. 18 sales were registered in the 12 months to 3 Nov 2026, against 24 in the 12 months before.
H1 20247
H2 202414
H1 202514
H2 20258
H1 202611
H2 2026 (to 3 Nov)5
Off-planResale
Sales are counted in the half-year DLD registered them. A half-year still running shows the sales so far.
More in Al Merkadh
Questions people ask
Quick answers, from the same deals as the rest of this page.
How much is a 2-bedroom in The Terraces?
About AED 2.78M on resale; 21 of 38 sold for AED 2.17M to AED 3.2M.
How much is rent for a 2-bedroom in The Terraces?
About AED 165k a year on a new lease and AED 150k on a renewal.
What is the rental yield at The Terraces?
About 6.0% gross on a 2-bedroom, before service charges.