Ellington Properties Development L.L.C · Selling since 2018 · recent sales mostly resales
completed per DLD · 100% complete · buildings · 281 units · 2 buildings · DLD target completion June 2024
Registered developer: Ellington Properties Development L.L.C (DLD no. 1117)
Master developer: Sobha L.L.C (DLD no. 966)
Escrow account with Commercial Bank International · Zoned by Dubai Municipality
From the Land Department’s projects file published 15 June 2026. These are the register’s own entries, not a status we determined, and they change only when DLD republishes the file. An escrow account being recorded is not an assurance about the project.
Median annual rent of AED 100,000 across 4,252 tenancies registered in the community over the last 12 months.
This is the community’s figure, not this project’s. The Land Department names a community on far more tenancies than it names a project, so this is shown where the project’s own registered tenancies are too few to publish. Buildings within one community differ widely, so treat it as the surrounding level rather than what this address achieves.
AED 2,158/sqft
—
17 months
Registered resales here span 17 months. The CAGR beside this is drawn from them; a figure for what they will do next is a scenario you set on the returns page.
Registered DLD sales · medians, not estimates · how we compute this
Enter the size from the brochure or the floor plan. We price it against what homes of that size actually registered at in Kensington Waters — not an asking price, and not this project’s overall median, which mixes every unit size together.
A year’s rent against what completed homes of that size actually sold for in Kensington Waters over the same twelve months. Prices are this project’s own registered ready sales; off-plan sales are left out because rent is paid on built homes. Rents marked this building are registered new tenancies in Kensington Waters itself; the rest are homes of the same size in Meydan One, used where Ejari did not name the building.
| Size | Costs now, ready | Rents for | Gross yield | Ready sales, 12m |
|---|---|---|---|---|
| 1 bed | AED 1.85M | AED 100,000/yrsame size in Meydan One | 5.4% | 29 |
| 2 beds | AED 2.7M | AED 150,000/yrsame size in Meydan One | 5.6% | 10 |
Why this is lower than yields quoted elsewhere
The usual shortcut divides today’s rent by an average price — and in a market that has risen as far as Dubai’s, the average is a historical price. On that arithmetic a 1 bed here reads 7.0% instead of 5.4%, because it prices the home at AED 1.42M — the median across every sale on record — rather than the AED 1.85M a completed one costs today. Every figure above uses the same twelve months, and completed homes only, on both sides.
What it returns after service charges
Starting from the middle filed owners-association budget in this area — AED 18/sqft across 7 buildings, most recently filed for 2023. Charges have risen since then, so replace it with your own invoice if you have one. How to check it.
| Size | Charge / year | Rent after it | Gross | Net |
|---|---|---|---|---|
| 1 bed | AED 14,880 | AED 85,120 | 5.4% | 4.6% |
| 2 beds | AED 22,330 | AED 127,670 | 5.6% | 4.7% |
Still not the final number: agency commission on re-letting, and any month the home sits empty, both come out of net rent too. This subtracts the service charge only, because it is the one cost that is the same every year whether or not the home is let.
Gross yield: rent before costs. Service charges, agency commission, and any month the home sits empty all come out of it — in Dubai the service charge alone is commonly a fifth to a third of the rent, so treat these as the ceiling rather than the return.
Over the last twelve months a completed 1-bedroom in Kensington Waters sold for a median AED 1.85M (29 ready sales), a 2-bedroom for AED 2.7M (10 ready sales). These are medians of sales actually registered with the Dubai Land Department, not asking prices. Completed homes only — off-plan registrations are left out, because they sell at a premium and are not the same purchase.
A 1-bedroom rents for a median AED 100,000/yr (homes of about that size in Meydan One, 1,368 new tenancies), a 2-bedroom rents for a median AED 150,000/yr (homes of about that size in Meydan One, 515 new tenancies). These are medians of new tenancy contracts registered with Ejari over the last twelve months — what tenants agreed to pay, not advertised asking rents. Ejari names the building on only about one contract in five, and on none that match Kensington Waters, so every figure above is the rent for homes of that size in Meydan One — the area's rent, not this project's own.
Gross yields on completed homes in Kensington Waters run about 5.4% on a 1-bedroom, 5.6% on a 2-bedroom, dividing a year of registered rent by what completed homes of that size actually sold for over the same twelve months. Both halves cover the same period, which is why these read lower than yields quoted against an all-time average price. They are gross figures: service charges, agency commission and void periods are not deducted, and in Dubai the service charge alone commonly takes a fifth to a third of the rent.
0% of the 50 sales registered in Kensington Waters in its most recent twelve months of trading were off-plan, and the rest were completed homes. That window ends at this project's own newest registered sale rather than today, so a development that finished selling years ago still reports the year it was actually trading.
The Land Department's register holds 415 sales in Kensington Waters, the earliest registered in 2018. That is when a sale here was first recorded, which is not the same as when the project launched or completed — the transaction register carries no build date, so we do not publish one.
Price vs. Meydan One median
+12.2%
Priced above the area's real median — ask why.
Developer track record
6,946 real transactions
15 completed · 15 off-plan/in progress
Full track record →Verify before you commit
Permit, title, broker license, escrow — the free official checks.
Verification guide →When Kensington Waters completed in June 2024, 3 other other projects in Sobha Heartland were also completing within 6 months — a useful reference point for how crowded the handover window actually was. Separately, 19 more other projects in Sobha Heartland are still in the pipeline overall.
Priced from each tower’s own registered sales, rather than the project median above.
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Everything above is free and stays free. What this page cannot tell you is what your unit is worth — the median here covers every size at once, and a two-bedroom can be 1,062 or 1,558 sqft. Our report matches comparable sales to one unit's size, and adds the three checks that need a person to open an official system on the day: the agent's licence, the project's escrow, and its registered status.