The Waterway
The Waterway Offered by Buy Dubai Off-Plan
The Waterway

The Waterway

by Prestige One Developments in Mohammed Bin Rashid City View on map Handover soon

Starting price
AED 1,700,000
Payment plan
65/35
Handover
Q2 2027

≈ € 408,000

Project details

Starting price AED 1,700,000 ≈ € 408,000 What will my monthly payments be?
Payment plan 65/35 65% during construction, 35% at handover
Handover Q2 2027 Handover soon
Bedrooms 124
Property type
Apartment, Penthouse
Floor area
55 to 344 m²
Project brochure
Free, with no obligation

The The Waterway brochure

Download the brochure for The Waterway van Prestige One Developments in Mohd Bin Rashid City for free with all the information about this project.

  • Floor plans by property type
  • Full price list
  • Payment plan
Download the brochure

About The Waterway

  • Exclusive 1- and 2-bedroom apartments and 4-bedroom penthouses

  • Stunning views of crystal-clear lagoons and the Ras Al Khor Wildlife Sanctuary

  • Luxury amenities including an infinity pool, modern gym and outdoor cinema

  • Advantageously located in the prestigious Meydan Horizon, close to key hotspots

  • Smart home technology for ultimate comfort and convenience

The Waterway at Mohammed Bin Rashid City (Dubai): Luxury homes by Prestige One

The Waterway in Meydan Horizon is a prestigious residential building developed by Prestige One Developments. This project offers a unique combination of modern architecture and natural beauty, with views of crystal-clear lagoons and the beautiful surroundings of the Ras Al Khor Wildlife Sanctuary. The 18-storey building offers a selection of luxury apartments and penthouses, designed for those who value style, comfort and exclusivity. Attention to detail is evident throughout, from the minimally luxurious lobby to the high-quality finishes of the residences. Residents can enjoy a wide range of amenities, including an infinity pool, a state-of-the-art fitness room and a communal lounge. Its location in Mohammed Bin Rashid City provides a perfect balance of tranquillity and accessibility, with quick connections to the Burj Khalifa and Dubai International Airport. This project is ideal for both young professionals and families looking for a stylish and comfortable home in one of Dubai’s most sought-after neighbourhoods.

Home types and layouts at The Waterway Mohammed Bin Rashid City (Dubai)

The Waterway offers a diverse portfolio of homes, suitable for different lifestyles. The apartments range from compact 1-bedroom units of 55.46 m2 to more spacious 2-bedroom options, perfect for couples or small families. For those desiring more space and luxury, there are exclusive four-bedroom penthouses with an area of up to 343.74 m2. All homes feature high-quality materials and finishes, with floors in elegant ceramic or parquet, modern kitchens with integrated appliances and spacious bathrooms with luxury sanitaryware. The large windows allow for an abundance of natural light and offer breathtaking views of the lagoons or the surrounding nature reserve. The intelligent layout of the homes maximises the usable space, ensuring every square metre is optimised. Furthermore, the homes are equipped with advanced smart home technology, allowing lighting, air conditioning and security to be controlled easily from a tablet or smartphone. This makes The Waterway not just a place to live, but a place to enjoy.

About the developer Prestige One and the The Waterway design

The building itself is an architectural masterpiece, designed to blend harmoniously into the Meydan Horizon landscape. With a sleek, modern appearance and a facade that reflects in the water of the lagoons, The Waterway is a landmark in the neighbourhood. The developer, Prestige One Developments, is renowned for its attention to quality and innovation. They have ensured that every detail of the project meets the highest standards, from the sustainable building materials to the energy-efficient installations. The communal areas, such as the lobby and lounge, are furnished with a minimalist design that exudes tranquillity. Residents have access to a wide range of facilities, including a gym with the latest equipment, an infinity pool with a sun deck and an outdoor cinema for relaxed film nights under the stars. In addition, there is ample parking and security systems such as 24/7 security and CCTV surveillance. With The Waterway, Prestige One Developments has created a project that perfectly combines luxury and functionality.

Prime location in Mohammed Bin Rashid City (Dubai) near key Dubai destinations

The location of The Waterway in Mohammed Bin Rashid City is one of the project’s greatest assets. Meydan Horizon is a prestigious district known for its green environment and high-quality amenities. The project is just a 10-minute drive from the Ras Al Khor Wildlife Sanctuary, an oasis of tranquillity where residents can enjoy walks and bird watching. At the same time, key hotspots such as the Burj Khalifa and Dubai Marina are within a 20-minute reach. Dubai International Airport is 20 minutes away, which is ideal for frequent travellers. Various shopping centres, restaurants and health facilities can be found in the immediate vicinity, ensuring residents have everything within easy reach. The neighbourhood offers a perfect mix of urban convenience and natural beauty, with wide avenues, parks and water features. Public transport is well organised, but due to its central location, the car is also a good option. In short, The Waterway offers not only a luxury home but also an ideal place to live, work and relax.

Flexible payment plan for The Waterway homes

The payment plan for The Waterway is favourably structured for buyers, with flexible options that make investing accessible. The plan provides for a payment of 65% of the purchase price during the construction phase, spread over several instalments linked to the progress of construction. The remaining 35% is paid upon the project’s final completion, expected in the second quarter of 2027. This system allows buyers to phase their investment without having to pay the full amount immediately. Starting prices for the apartments begin from AED 1,700,000, depending on the type and size of the home. For international investors, it is important to know that there are no hidden costs and that the payment process is transparent. Our property advisors in Dubai can provide information on financial aspects. The project is attractive not only for owner-occupation but also as an investment due to Dubai’s strong rental market and the anticipated capital appreciation of property in this sought-after location.

Amenities

Payment plan for The Waterway

65%35%
65%
During construction, in instalments
AED 1,105,000
≈ € 265,000
35%
After handover
AED 595,000
≈ € 143,000

Monthly payments and your own funds

How much do you need for The Waterway, and what will your monthly payments be if you finance part of the price at handover?

Do you live in the UAE?

Monthly payments after handover

AED 3,011

≈ € 720 per month

Maximum mortgage in your situation: 50% of the purchase price

Your funds during constructionin instalments according to the payment plan
AED 1,105,000≈ € 265,200
Your funds at handover
AED 0≈ € 0
Mortgage at handover
AED 595,000≈ € 142,800
Purchase costs4% DLD fee and mortgage costs
AED 76,308≈ € 18,300
Total funds required
AED 1,181,308≈ € 283,500
Request finance guidance for The Waterway
How does a mortgage work for off-plan property in Dubai?

You use your own funds during construction. You pay the payment plan instalments from your own funds. A mortgage is usually arranged only at handover, for the amount still outstanding at that point. Some banks provide finance earlier, but the UAE Central Bank sets a 50% maximum for off-plan property.

Situation (UAE resident)Maximum mortgage
First home up to AED 5m80%
First home above AED 5m70%
Second home or investment60%
Off-plan, before handover50%

Non-resident? These maximums do not automatically apply. Banks use their own, usually stricter, rules for foreign buyers. If you live abroad, expect to contribute more of your own funds.

Income matters. In principle, your total monthly debt repayments may not exceed 50% of your gross monthly income, and the mortgage may not exceed 7 times your annual income. The maximum term is 25 years.

Borrow more after handover? If the property is worth more than your purchase price at handover, a bank may sometimes provide additional finance based on the valuation through equity release. This requires a separate discussion with an adviser.

An estimate, not advice or an offer. Statutory maximums are no guarantee. Income, debts, age, employer and credit profile determine what a bank will actually lend.

Floor plans

Photos of The Waterway

Location

Mohd Bin Rashid City, Dubai Burj Khalifa: 13 minutes (car) · Dubai International Airport: 20 minutes (car)
Open in Google Maps

Travel times from The Waterway

  • Burj Khalifa: 13 minutes (car)
  • Dubai International Airport: 20 minutes (car)
  • Dubai International Financial Centre (DIFC): 14 minutes (car)
  • Dubai Marina: 20 minutes (car)
  • Palm Jumeirah: 20 minutes (car)
  • Ras Al Khor Wildlife Sanctuary: 10 minutes (car)

About Prestige One Developments

Prestige One is a renowned developer in Dubai, specialising in off-plan property projects with a strong focus on quality and location. Their portfolio includes residential and commercial projects in top locations such as Downtown Dubai, Dubai Marina, and Palm Jumeirah. One of their most recent projects is a luxury residential tower with apartments starting from 85 m2, where investors can benefit from a payment plan of just 10% upon booking. Off-plan investments with Prestige One often offer an attractive price advantage compared to ready properties. Furthermore, many projects are designed to meet the demand for sustainable and energy-efficient homes. For a complete overview of all available off-plan projects, please contact us.

Since its establishment, Prestige One has experienced impressive growth in the Dubai real estate market. The developer began with small-scale projects but quickly positioned itself as a reliable party for high-quality off-plan investments. Over the years, Prestige One has won several awards, including the Arabian Property Award for best architecture. Their first major project, a residential tower in Business Bay, was completed within the set deadline and received praise for its finishing. This success formed the basis for further expansion. Today, Prestige One is known for its transparent approach and customer-focused service. Their experience and track record make them a favourite among both local and international investors.

All projects by Prestige One Developments

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Images are for illustrative purposes and may differ from the finished property. The stated handover date is indicative and may be delayed. Although this page has been prepared with care, information may be incorrect or out of date. The price shown is a starting price and may differ from the current price. Please see our full disclaimer for more information.