The Watercrest by Ellington: off-plan project in Mohammed Bin Rashid Al Maktoum District 11
The Watercrest by Ellington is an off-plan villa and townhouse project in Mohammed Bin Rashid Al Maktoum District 11, registered with the Dubai Land Department as project no. 3444 and developed by Ellington Properties Development L.L.C. From October 16, 2025 to October 16, 2026, 24 off-plan sales were registered there at a median price of AED 7,610,328 (AED 3,050 per sq ft); 80% of sales fall between AED 6,465,428 and AED 10,899,828.
- 24off-plan sales in 12 months
- AED 7,610,328median sale price
- AED 3,050median price per sq ft
- 0%construction progress (DLD)
- March 2028end date in the register
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 3,050 per sq ft, The Watercrest by Ellington is 66.6% above the median of off-plan sales across the 7 projects tracked in Mohammed Bin Rashid Al Maktoum District 11 (AED 1,831 per sq ft), and 72.5% above the median of Dubai off-plan sales (AED 1,768 per sq ft).
- Sales pace: 24 off-plan sales in 12 months, about 2 a month; number 6 by sales in Mohammed Bin Rashid Al Maktoum District 11 over the period.
- Construction: 0% complete in the DLD register, construction had not started at the latest inspection; planned end March 2028.
- Profile: a concentrated project, 70.8% of sales are the same unit type (villa / townhouse · 3 bedrooms).
The Watercrest by Ellington: 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 | 3444 |
| Registered developer | Ellington Properties Development L.L.C (developer no. 1117) |
| Master developer | Meydan Group (L.L.C) |
| Community (master project) | Mohammed Bin Rashid Al Maktoum District 11 |
| DLD area | Wadi Al Safa 3 |
| Register status | not started |
| Construction progress | 0% |
| Project start | January 31, 2025 |
| Planned end | March 31, 2028 |
| Registered units | 84 villas |
| Escrow account | escrow agent registered with the DLD for this project |
Source: Dubai Land Department project register (open data), as of 15/06/2026.
The Watercrest by Ellington off-plan prices by unit type
Off-plan sales over the last 12 months, at least 3 sales per row. Entry ticket observed: villa / townhouse · 3 bedrooms, at a median AED 7,420,828.
| Unit type | Sales | Median price | Range (AED) | Median size | Price / sq ft |
|---|---|---|---|---|---|
| Villa / townhouse · 3 bedrooms | 17 | AED 7,420,828 | 6,393,428 – 7,857,428 | 228 m² (2,454 sq ft) | AED 3,054 |
| Villa / townhouse · 4 bedrooms | 7 | AED 10,899,828 | 9,359,628 – 11,610,628 | 377 m² (4,058 sq ft) | AED 2,686 |
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
Villa / townhouse · 3 bedrooms: 70.8% of off-plan sales, with a median size of 228 m² (186 to 255 m² for 80% of them).
- Villa / townhouse · 3 bedrooms: 70.8% (17 sales)
- Villa / townhouse · 4 bedrooms: 29.2% (7 sales)
Source: Dubai Land Department open data, sales registered from 16/10/2025 to 16/10/2026.
The Watercrest by Ellington off-plan price by quarter
The median off-plan price per sq ft moved from AED 2,779 in Q2 2025 to AED 2,946 in Q2 2026 (+6%). Quarter-to-quarter changes also reflect the mix of units sold.
| Quarter | Off-plan sales | Median / sq ft | Change |
|---|---|---|---|
| Q2 2025 | 36 | AED 2,779 | — |
| Q3 2025 | 15 | AED 2,957 | +6.4% |
| Q4 2025 | 8 | AED 3,078 | +4.1% |
| Q1 2026 | 8 | AED 2,870 | -6.8% |
| Q2 2026 | 8 | AED 2,946 | +2.7% |
| Q3 2026 | 4 | AED 3,240 | — |
Source: Dubai Land Department open data, off-plan sales registered since 1 January 2024, as of 16/10/2026.
Rents in Mohammed Bin Rashid Al Maktoum District 11
To gauge the rental market around The Watercrest by Ellington: annual rents of Ejari contracts registered in Mohammed Bin Rashid Al Maktoum District 11 over the last 12 months (401 contracts).
| Unit type | Contracts | Median annual rent | Middle 50% range |
|---|---|---|---|
| Apartment · 2 bedrooms | 19 | AED 110,000 | 95,000 – 115,000 |
| Villa / townhouse · 3 bedrooms | 59 | AED 160,000 | 150,000 – 165,000 |
| Villa / townhouse · 4 bedrooms | 311 | AED 180,000 | 160,000 – 195,000 |
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 The Watercrest by Ellington?
The Watercrest by Ellington is in Mohammed Bin Rashid Al Maktoum District 11 (DLD area Wadi Al Safa 3), Dubai.
- Nearest landmark: IMG World Adventures
Source: Dubai Land Department, reference points attached to registered sales.
Further reading
- All off-plan projects in Mohammed Bin Rashid Al Maktoum District 11
- All DLD sales at The Watercrest by Ellington (new and resale)
- Mohammed Bin Rashid Al Maktoum District 11 property prices
- Mohammed Bin Rashid Al Maktoum District 11 rents
- All Ellington Properties Development L.L.C projects
- Our developer guide
Other off-plan projects in Mohammed Bin Rashid Al Maktoum District 11
- Gate Eleven Residences — AED 1,831/sq ft
- Rome 3 by SD — AED 782/sq ft
- Art House Private Residences By Viva — AED 1,959/sq ft
- Knightsbridge Park — AED 3,120/sq ft
- Numa Reserve — AED 2,817/sq ft
- Rome by SD — AED 1,683/sq ft
More projects by Ellington Properties Development L.L.C
Same budget elsewhere in Dubai (around AED 7,610,328)
- Jumeirah Residences Emirates Towers, Trade Center Second — AED 7,022,000
- W Residences at Dubai Harbour, Dubai Harbour — AED 7,722,500
- Address The Bay, Dubai Harbour — AED 7,000,000
- Inaura Hotels & Residences, Downtown Dubai — AED 6,992,000
- Solara Tower Dubai, Downtown Dubai — AED 8,148,690
- Sobha Seahaven Tower B & C, Dubai Harbour — AED 6,864,800
Projects presented by Cevitas
Frequently asked questions
How much does a home at The Watercrest by Ellington cost?
Over the last 12 months, the 24 off-plan sales registered with the DLD show a median price of AED 7,610,328, or AED 3,050 per sq ft; 80% fall between AED 6,465,428 and AED 10,899,828. The developer's current prices are on its price list.
When will The Watercrest by Ellington be completed?
In the DLD project register (as of 15/06/2026), the project is "not started", 0% complete, with a planned end date of March 31, 2028. The handover date is confirmed by the developer.
Who is the developer of The Watercrest by Ellington?
The DLD register lists Ellington Properties Development L.L.C (developer no. 1117), in a community developed by Meydan Group (L.L.C).
What unit types are sold at The Watercrest by Ellington?
Off-plan sales over the last 12 months cover: villa / townhouse · 3 bedrooms (17), villa / townhouse · 4 bedrooms (7). Best-selling type: villa / townhouse · 3 bedrooms, at a median AED 7,420,828 for 228 m².
Has the price per sq ft at The Watercrest by Ellington changed?
The median off-plan price moved from AED 2,779 per sq ft in Q2 2025 to AED 2,946 in Q2 2026, based on DLD-registered sales.
How do I get the The Watercrest by Ellington 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.