Tarrad Development

Tarrad Development is here with Mackerel Tower on Central Island, and it brings together two things buyers actually want: a below-median price and a near-term handover. Mackerel Tower is priced from about AED 1.8M at AED 1,800 per sq.ft, which sits well below the island median of AED 2,445, on Central Island, the built-up core with the deepest resale market on the archipelago.

A per-foot price this low on the best-connected island is genuinely rare, and it comes with a near-term handover: Mackerel Tower is dated Q2 2026, which is among the sooner completions on the islands. That combination means you buy in cheap and reach the rental market fast, which is exactly what a value-focused investor who wants income sooner should be looking for. Sizes run from around 1,002 sq.ft up to 3,765, with one to three bedrooms, which skews to the larger, more livable end, so you are getting real space at a low rate.

The payment plan is 60/40, standard for the islands, so most of the price is due by the near-term handover, which suits a buyer with capital ready. It is a small building at 62 units, which adds a quieter address and far less internal competition when you rent or sell.

The honest read on Mackerel Tower is a strong value-and-timing play. A well-below-median price, a near-term handover and a small building on Central Island is a genuinely rare package, and the near-term date also means less time for anything to go wrong, which I read as a positive. As always with a newer developer, confirm on-site progress, but of the value entries on the island, Mackerel Tower is one of the more compelling on the combination of a low price and a soon completion.

Mackerel Tower is priced from AED 1.8M at AED 1,800 per sq.ft. That is 26% below the Dubai Islands apartment median of AED 2,445, a gap of AED 645 per foot, which puts it in the cheapest quarter of island pricing. On its 60/40 payment plan, that entry price splits into about AED 1.08M committed across construction and AED 720K due at handover. Budget roughly another 6 to 7 per cent to complete, around AED 117K: 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 2026, the building holds 62 units, sized 1,002 to 3,765 sq.ft, currently selling. View the full listing →