The Derby Residences

The Derby Residences is an apartment complex located in Meydan City, Dubai. Developed by RBA Real Estate Development, the project consists of one finished building and two five-storey buildings that are under construction. The development is part of Meydan Avenue, a mixed-use area of residential, commercial, and retail units.

Upon completion, the towers will also have round-the-clock concierge services for the residents and guests.

Since one of the three towers is fully completed, apartments, and penthouses are already available to buy and rent. One-bedroom apartments have master bedrooms, two bathrooms, living rooms, kitchens, and spacious balconies. Two-bedroom apartments include guest and master bedrooms, three bathrooms, living rooms, dining areas, kitchens, and balconies. Penthouses feature bedrooms, two bathrooms, living rooms, kitchens, and large terraces.

There are a total of 90 properties that have a minimum size of 1,200 sq. ft. Units have a starting price of AED 1,000,000 (USD 260,000).

With excellent public transport links and a strong urban infrastructure, including educational facilities, restaurants, leisure centres, and retail stores, the Derby Residences is on track for quick occupancy once the two towers are completed. Due to the area’s low density of urban development, modern architecture, and landscaped parks, residential units are in-demand among tenants and investors. The annual rental rate for a one-bedroom apartment ranges from AED 65,000 (USD 18,000) to AED 80,000 (USD 22,000), and the anticipated annual return on investment rate for a property ranges from 6.5% to 7.5%.