Richmond District

Mira Developments · studio, 1BR, 2BR · Al Furjan, Dubai

Richmond District is a residential project by Mira Developments in Al Furjan, Dubai, offering studio, 1BR, 2BR layouts. Prices start from AED 890,000. This is an off-plan purchase with expected completion in December 2029 on a 50/50 payment plan with 3-year post-handover payments payment plan. The indicative gross yield band for this area and unit mix is 7% – 9%: below you will find the project data, investment fit, risks and frequently asked questions reviewed by an independent advisor.

Richmond District by Mira Developments offers fully furnished residences in a mixed-use community with amenities and a planned handover in Q2 2029.

Key facts

Developer: Mira Developments
Area: Al Furjan, Dubai
Property type: studio, 1BR, 2BR
Starting price: AED 890,000
Payment plan: 50/50 payment plan with 3-year post-handover payments
Expected completion: December 2029
Construction status: Now selling
Indicative gross yield: 7% – 9%

Yield ranges are indicative market benchmarks for this area and unit mix, not a guaranteed return. Figures must be validated per unit before any commitment.

Who this project fits

Richmond District typically fits first-time Dubai investors who want a contained ticket and predictable rental income, across studio, 1BR, 2BR layouts in Al Furjan, Dubai. Because it is off-plan, capital stays committed until handover and income starts afterwards. The indicative gross yield band for this area and unit mix is 7% – 9%.

Risks to weigh

As with any off-plan purchase, there is handover-delay risk and developer risk: check escrow, permits and delivery track record. The payment plan lowers the upfront outlay but commits future cash: stress-test it against your real cash flow. Incoming supply in Al Furjan, Dubai can compress rents and prices in the short term; service charges, currency and financing costs all affect net yield. Yield ranges are indicative market benchmarks for this area and unit mix, not a guaranteed return. Figures must be validated per unit before any commitment.

Frequently asked questions about this project

How much does a unit at Richmond District cost?

Prices at Richmond District start from AED 890,000. The final figure depends on layout, floor and orientation — we pull the current price list from the developer for the specific unit you want.

Where is Richmond District located?

Richmond District is located in Al Furjan, Dubai. We assess the area on rental demand, incoming supply and accessibility — not on project marketing.

What is the payment plan for Richmond District?

The indicated payment plan is: 50/50 payment plan with 3-year post-handover payments. We verify the full structure, including milestones and the balance due at handover.

When is Richmond District expected to complete?

Expected completion is December 2029 (current status: now selling). Off-plan dates can slip, so we check construction progress and the developer's delivery record.

What yield can I expect at Richmond District?

The indicative gross band for this area and unit mix is 7% – 9%. Yield ranges are indicative market benchmarks for this area and unit mix, not a guaranteed return. Figures must be validated per unit before any commitment.

Who is the developer of Richmond District?

Richmond District is developed by Mira Developments. We review their delivery record, build quality and value retention before recommending it.

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