Sold Prices · DLD Data
The Terraces
Al Merkadh, Dubai · Sobha Hartland
AED 1,850
Avg Price / sqft
AED 2.5M
Avg Sale Price
11
DLD Sales Recorded
7.7%
Est. Gross Yield
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 11 sales in the building, at an average price of AED 2.5M — around AED 1,850 per square foot.
Since January 2026, 10 sales completed in The Terraces, with the average price per square foot moving from AED 1,932 to AED 1,630 (-15.6%). 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 7.7% 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)-15.6%
Unit types
Prices by unit type
1 Bed
AED 1.7M
AED 2,053/sqft
3 sales · last 12 months
2 Bed
AED 2.7M
AED 1,774/sqft
8 sales · last 12 months
Transactions
Recent sold prices
| Date | Type | Beds | Size (sqft) | Price | AED/sqft |
|---|---|---|---|---|---|
| 09 Jun 2026 | Sales | 2 | 2,721 | AED 3.5M | AED 1,268 |
| 03 Jun 2026 | Sales | 1 | 753 | AED 1.5M | AED 1,991 |
| 18 May 2026 | Sales | 2 | 1,132 | AED 2.1M | AED 1,855 |
| 30 Mar 2026 | Sales | 2 | 1,529 | AED 3.1M | AED 2,011 |
| 17 Mar 2026 | Sales | 1 | 1,002 | AED 2.0M | AED 1,996 |
| 13 Mar 2026 | Sales | 2 | 1,132 | AED 2.2M | AED 1,974 |
| 12 Feb 2026 | Sales | 2 | 2,858 | AED 3.6M | AED 1,260 |
| 06 Feb 2026 | Sales | 2 | 1,554 | AED 3.0M | AED 1,962 |
| 02 Feb 2026 | Sales | 1 | 760 | AED 1.6M | AED 2,172 |
| 27 Jan 2026 | Sales | 2 | 1,120 | AED 2.2M | AED 1,965 |
| 20 Jan 2026 | Sales | 2 | 1,132 | AED 2.1M | AED 1,898 |
About the area
The Terraces is in Mohammed Bin Rashid City
Mohammed Bin Rashid City, often referred to as MBR City, is a visionary development in Dubai spearheaded by renowned developers such as Meraas and Sobha Realty. This expansive community is designed to embody luxury and innovation, offering a harmonious blend of residential, commercial, and leisure spaces.
Explore the Mohammed Bin Rashid City area guideNearby
Other buildings in Al Merkadh
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Sobha Hartland - Crest Grande
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Sobha Creek Vistas
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Azizi Riviera 49
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Azizi Riviera Beachfront
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Sobha Creek Vistas Heights
Al Merkadh · 58 sales · AED 1.9M avg
Azizi Riviera 50
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Azizi Riviera Reve
Al Merkadh · 43 sales · AED 3.6M avg
Azizi Riviera 69
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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 1,850 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 -15.6% per square foot since January 2026, across 10 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 7.7% gross per year, before service charges and fees.
How many properties have sold in The Terraces?
11 sales have been recorded in The Terraces according to DLD data, across approximately 251 units.
Considering The Terraces?
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