The Terraces, Al Merkadh

Sold Prices · DLD Data

The Terraces

Al Merkadh, Dubai · Sobha Hartland

AED 1,855

Avg Price / sqft

AED 2.5M

Avg Sale Price

15

DLD Sales Recorded

6.8%

Est. Gross Yield

View listings Explore Mohammed Bin Rashid City

Market snapshot

The Terraces — the numbers

The Terraces is a residential building in Al Merkadh, Dubai with approximately 251 units. Dubai Land Department records show 15 sales in the building, at an average price of AED 2.5M — around AED 1,855 per square foot.

Since January 2026, 14 sales completed in The Terraces, with the average price per square foot moving from AED 1,932 to AED 1,870 (-3.2%). That softening can open negotiating room for buyers.

Benchmarked against average residential rents in Al Merkadh, a typical unit in The Terraces returns an estimated 6.8% gross rental yield before service charges — a useful starting point for investors comparing towers across Al Merkadh.

Figures are from Dubai Land Department transaction records for The Terraces; individual units vary by floor, view and finish. Gross yield is estimated against average Al Merkadh residential rents, before service charges.

Price trend

Price trend in The Terraces

Average sale price per sqft by month since January 2026 (single-sale months excluded)-3.2%

1,6761,8121,949Jan 26: AED 1,932/sqft · 2 salesJan 26Feb 26: AED 1,798/sqft · 3 salesFeb 26Mar 26: AED 1,994/sqft · 3 salesMar 26Jun 26: AED 1,630/sqft · 2 salesJun 26Jul 26: AED 1,868/sqft · 2 salesJul 26Sep 26: AED 1,870/sqft · 2 salesSep 26

Unit types

Prices by unit type

1 Bed

AED 1.6M

AED 2,034/sqft

4 sales · last 12 months

2 Bed

AED 2.8M

AED 1,790/sqft

11 sales · last 12 months

Transactions

Recent sold prices

DateTypeBedsSize (sqft)PriceAED/sqft
21 Sept 2026Sales21,842AED 3.3MAED 1,765
08 Sept 2026Sales1671AED 1.3MAED 1,975
23 Jul 2026Sales21,159AED 2.0MAED 1,761
17 Jul 2026Sales21,671AED 3.3MAED 1,975
09 Jun 2026Sales22,721AED 3.5MAED 1,268
03 Jun 2026Sales1753AED 1.5MAED 1,991
18 May 2026Sales21,132AED 2.1MAED 1,855
30 Mar 2026Sales21,529AED 3.1MAED 2,011
17 Mar 2026Sales11,002AED 2.0MAED 1,996
13 Mar 2026Sales21,132AED 2.2MAED 1,974
12 Feb 2026Sales22,858AED 3.6MAED 1,260
06 Feb 2026Sales21,554AED 3.0MAED 1,962
02 Feb 2026Sales1760AED 1.6MAED 2,172
27 Jan 2026Sales21,120AED 2.2MAED 1,965
20 Jan 2026Sales21,132AED 2.1MAED 1,898

About the area

The Terraces is in Mohammed Bin Rashid City

Mohammed Bin Rashid City sits between Downtown Dubai and Meydan, and it carries the highest rate in this group: AED 2,450 per square foot across 1,003 sales in the last twelve months, averaging AED 3.61M.

Explore the Mohammed Bin Rashid City area guide

Nearby

Other buildings in Al Merkadh

Sobha Hartland - Crest Grande

Al Merkadh · 151 sales · AED 2.9M avg

Sobha Hartland - The Crest

Al Merkadh · 150 sales · AED 2.1M avg

Azizi Riviera Beachfront

Al Merkadh · 121 sales · AED 1.3M avg

Sobha Creek Vistas

Al Merkadh · 89 sales · AED 1.2M avg

Sobha Creek Vistas Heights

Al Merkadh · 87 sales · AED 1.9M avg

Azizi Riviera 50

Al Merkadh · 76 sales · AED 2.3M avg

Azizi Riviera Reve

Al Merkadh · 74 sales · AED 3.4M avg

Azizi Riviera 49

Al Merkadh · 71 sales · AED 1.4M avg

Azizi Riviera 69

Al Merkadh · 47 sales · AED 2.3M avg

FAQ

The Terraces: frequently asked questions

What is the average price in The Terraces?

The average recorded sale price in The Terraces, Al Merkadh is AED 2.5M, around AED 1,855 per square foot, based on Dubai Land Department transaction data.

Are prices in The Terraces going up or down?

Average sale prices in The Terraces have eased -3.2% per square foot since January 2026, across 14 DLD-recorded sales.

What rental yield can I expect in The Terraces?

Based on average Al Merkadh residential rents against sale prices in the building, a typical unit in The Terraces yields roughly 6.8% gross per year, before service charges and fees.

How many properties have sold in The Terraces?

15 sales have been recorded in The Terraces according to DLD data, across approximately 251 units.

Considering The Terraces?

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