Ethan: off-plan project in Nad Al Sheba Gardens
Ethan is an off-plan residential apartment project in Nad Al Sheba Gardens, registered with the Dubai Land Department as project no. 3492 and developed by Griffin Real Estate Development L.L.C. From October 16, 2025 to October 16, 2026, 22 off-plan sales were registered there at a median price of AED 1,601,480 (AED 1,639 per sq ft); 80% of sales fall between AED 1,182,657 and AED 2,045,246.
- 22off-plan sales in 12 months
- AED 1,601,480median sale price
- AED 1,639median price per sq ft
- 46.2%construction progress (DLD)
- June 2026end date in the register
- 48registered units
Source: Dubai Land Department open data, sales registered from 16/10/2025 to 16/10/2026. Source: Dubai Land Department project register (open data), as of 15/06/2026.
What the figures say
- Positioning: at AED 1,639 per sq ft, Ethan is 7.2% below the median of Dubai off-plan sales (AED 1,768 per sq ft).
- Sales pace: 22 off-plan sales in 12 months, about 2 a month.
- Construction: 46.2% complete in the DLD register, construction is under way; planned end June 2026.
- Profile: the best-selling type (apartment · 2 bedrooms) makes up 54.5% of sales, alongside 1 other type.
Ethan: official project sheet
Details from the project register kept by the Dubai Land Department. Off-plan payments go to the project's escrow account, as required by Dubai Law No. 8 of 2007.
| Item | DLD register |
|---|---|
| DLD project number | 3492 |
| Registered developer | Griffin Real Estate Development L.L.C (developer no. 1945) |
| Master developer | Shamal Estates L.L.C |
| Community (master project) | Nad Al Sheba Gardens |
| DLD area | Nad Al Shiba First |
| Register status | active |
| Construction progress | 46.2% |
| Project start | June 20, 2024 |
| Planned end | June 30, 2026 |
| Registered units | 48 units |
| Buildings | 1 |
| Escrow account | escrow agent registered with the DLD for this project |
Source: Dubai Land Department project register (open data), as of 15/06/2026.
Ethan off-plan prices by unit type
Off-plan sales over the last 12 months, at least 3 sales per row. Entry ticket observed: apartment · 1 bedroom, at a median AED 1,278,670.
| Unit type | Sales | Median price | Range (AED) | Median size | Price / sq ft |
|---|---|---|---|---|---|
| Apartment · 1 bedroom | 10 | AED 1,278,670 | 1,077,758 – 1,393,655 | 75 m² (807 sq ft) | AED 1,586 |
| Apartment · 2 bedrooms | 12 | AED 1,843,870 | 1,662,571 – 2,252,499 | 99 m² (1,066 sq ft) | AED 1,700 |
Source: Dubai Land Department open data, sales registered from 16/10/2025 to 16/10/2026.
To turn one of these prices into a payment schedule, use OffPlanSimulator's off-plan payment plan calculator, then add registration fees with the Dubai buying costs calculator.
Sales by unit type
Apartment · 2 bedrooms: 54.5% of off-plan sales, with a median size of 99 m² (97 to 133 m² for 80% of them).
- Apartment · 2 bedrooms: 54.5% (12 sales)
- Apartment · 1 bedroom: 45.5% (10 sales)
Source: Dubai Land Department open data, sales registered from 16/10/2025 to 16/10/2026.
Ethan off-plan price by quarter
The median off-plan price per sq ft moved from AED 1,615 in Q4 2025 to AED 1,756 in Q3 2026 (+8.7%). Quarter-to-quarter changes also reflect the mix of units sold.
| Quarter | Off-plan sales | Median / sq ft | Change |
|---|---|---|---|
| Q4 2025 | 10 | AED 1,615 | — |
| Q1 2026 | 4 | AED 1,553 | — |
| Q3 2026 | 7 | AED 1,756 | — |
Source: Dubai Land Department open data, off-plan sales registered since 1 January 2024, as of 16/10/2026.
Rents in Nad Al Sheba Gardens
To gauge the rental market around Ethan: annual rents of Ejari contracts registered in Nad Al Sheba Gardens over the last 12 months (389 contracts).
| Unit type | Contracts | Median annual rent | Middle 50% range |
|---|---|---|---|
| Apartment · Studio | 21 | AED 52,500 | 47,992 – 55,000 |
| Apartment · 1 bedroom | 106 | AED 80,000 | 70,000 – 101,250 |
| Apartment · 2 bedrooms | 79 | AED 130,000 | 115,000 – 140,000 |
| Apartment · 4 bedrooms | 15 | AED 230,000 | 220,000 – 250,000 |
| Villa / townhouse · 3 bedrooms | 85 | AED 310,000 | 280,000 – 372,500 |
| Villa / townhouse · 4 bedrooms | 42 | AED 500,000 | 450,000 – 550,000 |
| Villa / townhouse · 5+ bedrooms | 33 | AED 520,000 | 400,000 – 582,500 |
To compare a market rent with your purchase price and running costs, the rental yield calculator works it through step by step.
Source: Dubai Land Department, Ejari rent contracts (open data), 20/10/2025 to 20/10/2026.
Where is Ethan?
Ethan is in Nad Al Sheba Gardens (DLD area Nad Al Shiba First), Dubai.
- Nearest metro station: Business Bay Metro Station
- Nearest shopping mall: Dubai Mall
- Nearest landmark: IMG World Adventures
Source: Dubai Land Department, reference points attached to registered sales.
Further reading
- All off-plan projects in Nad Al Sheba Gardens
- Nad Al Sheba Gardens property prices
- Nad Al Sheba Gardens rents
- All Griffin Real Estate Development L.L.C projects
Other off-plan projects in Nad Al Sheba Gardens
- La Vue Parc — AED 2,279/sq ft
Same budget elsewhere in Dubai (around AED 1,601,480)
- Berkshire Park, Town Square — AED 1,600,888
- Camden, Town Square — AED 1,604,388
- R Home MH, Bukadra — AED 1,593,500
- Golf Fields, Dubai World Central — AED 1,605,012
- DAMAC Riverside Views - Royal 1, Dubai Investment Park Second — AED 1,583,000
- The Haven III, Majan — AED 1,609,302
Projects presented by Cevitas
Frequently asked questions
How much does a home at Ethan cost?
Over the last 12 months, the 22 off-plan sales registered with the DLD show a median price of AED 1,601,480, or AED 1,639 per sq ft; 80% fall between AED 1,182,657 and AED 2,045,246. The developer's current prices are on its price list.
When will Ethan be completed?
In the DLD project register (as of 15/06/2026), the project is "active", 46.2% complete, with a planned end date of June 30, 2026. The handover date is confirmed by the developer.
Who is the developer of Ethan?
The DLD register lists Griffin Real Estate Development L.L.C (developer no. 1945), in a community developed by Shamal Estates L.L.C.
What unit types are sold at Ethan?
Off-plan sales over the last 12 months cover: apartment · 2 bedrooms (12), apartment · 1 bedroom (10). Best-selling type: apartment · 2 bedrooms, at a median AED 1,843,870 for 99 m².
Has the price per sq ft at Ethan changed?
The median off-plan price moved from AED 1,615 per sq ft in Q4 2025 to AED 1,756 in Q3 2026, based on DLD-registered sales.
How do I get the Ethan price list and payment plan?
Ask with the "Get the price list" button or on WhatsApp at +971 55 772 2710: a RERA-licensed Cevitas advisor sends you the available units, the developer's prices and the current payment plan, with no buyer commission on new launches.
Sources and method
Off-plan sales: Dubai Land Department "Real Estate Transactions" dataset (data.dubai), residential sales registered off-plan ("Off-Plan Properties") from October 16, 2025 to October 16, 2026. Median price = middle registered price; range = 80% of sales (10th to 90th percentile). Price per sq ft = price / registered area (1 m² = 10.764 sq ft).
Developer, status, progress and dates: DLD "Projects" register (data.dubai) and "Developers" register (data.dubai), extract as of June 15, 2026. Progress is the figure from the latest DLD inspection on record; the end date is the one declared in the register and may be updated by the DLD.
Rents: DLD "Rent Contracts" (Ejari) dataset (data.dubai), median annual rent of residential contracts over the last 12 months in the area.
Data published under the Dubai Open Data Licence and analysed by Cevitas Real Estate. They describe official transactions and an official register; they are not a valuation, a promise of return or investment advice. The developer's current prices are on its price list.