Mill Hill Riviera Development L.L.C

Mill Hill Riviera Development is here with Allegro Park on Central Island, the built-up core with the deepest resale market on the archipelago. The case brings together three things buyers actually want: a below-median price, a small building and a near-term handover.

Allegro Park is priced from about AED 1.6M at AED 2,070 per sq.ft, which sits below the island median of AED 2,445. A below-median per-foot price on the best-connected island is worth noticing, since most stock here prices at or above the median, and the AED 1.6M entry is one of the more accessible tickets on Central Island. Sizes run from around 773 sq.ft up to 2,148, with one to three bedrooms, so it spans the compact investor unit and the small-family apartment.

It is a small building at 60 units, which is a genuine plus: a quieter address, faster snagging, and far less internal competition when you come to rent or sell. The payment plan is a balanced 50/50, standard for the islands, with handover dated Q2 2027, which is near-term, so you reach the rental market sooner and your capital works for less time before it earns.

The honest read on Allegro Park is a clean value-and-timing play. A below-median price, a small building and a near-term handover on Central Island is a genuinely sensible combination, and better than a lot of pricier, further-out stock on the island. As with any newer developer here, confirm on-site progress and keep a cushion on the date. For a value buyer who wants an accessible entry in a small building with a soon handover on the best-connected island, Allegro Park is one of the more sensible options.

Allegro Park is priced from AED 1.6M at AED 2,070 per sq.ft. That is 15% below the Dubai Islands apartment median of AED 2,445, a gap of AED 375 per foot, which puts it in the cheapest quarter of island pricing. On its 50/50 payment plan, that entry price splits into about AED 800K committed across construction and AED 800K due at handover. Budget roughly another 6 to 7 per cent to complete, around AED 104K: the 4 per cent Dubai Land Department fee, trustee and admin, the first year of service charge and snagging. A completed unit at this price qualifies the owner for the 2-year investor visa; the 10-year Golden Visa needs AED 2M registered, which this entry does not reach. Handover is dated Q2 2027, the building holds 60 units, sized 773 to 2,148 sq.ft, currently selling. View the full listing →