Waada Altura 1 is a 381-unit studio-led scheme in Dubai South with 178 recorded Dubai Land Department purchases in 2026 at a median AED 475,000 and AED 1,169 per square foot — the lowest rate in our current coverage — from a lowest recorded purchase of AED 460,000.
The project is located in Madinat Al Mataar, Dubai South, Dubai. The surrounding area functions as a residential area and shows active buyer and rental demand. It is better suited to medium to long-term residential demand than short-term speculation.
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Waada Altura 1 exterior

Waada Altura 1 Payment Plan & Handover Date

BT Properties • Madinat Al Mataar, Dubai South, Dubai • Handover 12 April 2029 (DLD registered)

AED 460.0K starting

Handover
12 April 2029
Developer
Bt Properties
AI snapshot
✨
Recorded 2026 sales 178

Key signal

✨
Median price paid AED 475,000

Key signal

✨
Median per sqft AED 1,169

Key signal

Starting price AED 460.0K
To reserve (70%) AED 322,000
Payment plan 70/30
Handover 12 April 2029 DLD registered
Median paid / sqft AED 1,169
Est. gross yield not modelled see recorded prices
Location Madinat Al Mataar, Dubai South, Dubai

Waada Altura 1 Payment Plan

70/30 — 70% during construction (over 4 years), 30% post-handover (over 2 years).

Milestone%Entry price (AED 460.0K)Median paid (AED 475,000)
During construction (over 4 years)70% AED 322,000AED 332,500
Post-handover (over 2 years)30% AED 138,000AED 142,500
DLD transfer fee, on purchase4% AED 18,400AED 19,000
Cash needed before handover70% + fee AED 340,400AED 351,500
After handover30% AED 138,000AED 142,500

The median is of 180 purchases recorded by the Dubai Land Department in 2026 — a more realistic basis than the entry price unless you are buying the cheapest unit. 30% falls due after you get the keys, so the unit can be let before the balance is paid. Excludes Oqood registration, trustee and service charges; confirm every figure against your sale agreement. Compare payment plans across every Dubai project →

Handover 12 April 2029 (DLD registered) · DLD register: 12 April 2029
Built so far 1.9% complete in the DLD register, 22 Sep 2026

If the marketed date and the date in your sale agreement differ, the contract governs — get it in writing before you pay.

What Actually Sold at Waada Altura 1

What buyers actually paid, from Dubai Land Department records. Data as of 22 Sep 2026.

Recorded sales 180
Median price paid AED 475,000 +3% vs the AED 460,000 advertised entry price — the advertised figure is the smallest unit, so most buyers pay well above it
Median price per sqft AED 1,169
Most-bought size Studio 128 of 180 sales where the size was recorded

Buying pace through the year

4 Jan
83 Feb
48 Mar
18 Apr
8 May
17 Jul
2 Sep

What buyers bought

Unit sizeSalesShare
Studio 128 71%
1 B/R 51 28%
2 B/R 1 1%

What the DLD register records

Registered units381
Escrow account Open — units may lawfully be sold
Registered completion 12 Apr 2029 — marketed as 12 April 2029 (DLD registered)
Construction progress1.94% complete

Where the registered completion date and the marketed handover date differ, the date in your sale agreement is the one that governs. Get it in writing.

Source: Dubai Land Department, 2026. Medians move as more sales register, and do not separate developer sales from resales.

Own a unit here? See what it is worth from these sales → · Search every Dubai off-plan sale →

Before You Pay: Check Waada Altura 1 Against the DLD Register

Marketing material is written by the seller. The Dubai Land Department register is not. These are the facts filed with the government for this project — escrow status, unit count, construction progress and the completion date on record. Free, no email needed.

Waada Altura 1 Handover Date & Construction Progress

What the Dubai Land Department register records for Waada Altura 1 as of 15 October 2026: how far it is built, the completion date filed with the DLD, and whether the escrow account is open. We track buildings registered or due to complete in 2026; phases outside that window are not listed.

Waada - Altura 1 Escrow open
1.9% built · completion filed for 12 Apr 2029

The completion date that binds the developer is the one in your sale agreement (SPA) or Oqood. If it differs from the DLD filing above, ask why before you pay. What the escrow rules require →

Dubai project status tracking: see every project on the DLD register, how much is built and how it has moved →

Property Overview

Type Apartment
Purpose For sale
Completion Off-plan
Developer BT Properties
Ownership Freehold
Handover date 12 April 2029 (DLD registered)
Usage Residential

Waada Altura 1 unit types & floor plans

UnitFromShare of recorded sales
Studio AED 460,000 71%
1 Bed Apartment – 28%
2 Bed Apartment – 1%

Share of 180 Dubai Land Department sales in 2026 where the unit size was recorded — the layout most people bought is the one you will compete with at resale. Floor plans: not published in a form we can verify — ask the developer for the plan of your exact unit and floor before you commit.

Waada Altura 1 Location & Master Plan

Metro Planned / nearby stations
Roads Key Dubai arterial roads
Nearby Dubai Mall, DXB Airport, Creek Marina

Amenities & Facilities

Dubai South location Swimming pool Gymnasium Landscaped grounds Covered parking Freehold ownership 24/7 security

Is Waada Altura 1 a good investment? Our view

The cheapest per-foot stock we track: a studio-led Dubai South scheme at AED 1,169 per square foot, around 47% sold, with escrow open and completion filed for 2029-04-12.

Who it suits

Suited to buyers whose binding constraint is capital — this is close to the lowest entry price available with a confirmed escrow account. Poorly suited to anyone who needs anything larger than a studio, or who is relying on rent growth rather than a low entry price for their return.

For investors

This is a low-entry-price play and nothing else, so be clear about what that means. AED 460,000 at the bottom of the recorded range and AED 1,169 per square foot is the cheapest in our coverage, which widens your margin for error on rent considerably. Escrow is open and construction at 1.94% is among the higher figures in this group, so work has genuinely started.

The risks are concentrated and they compound. The product is overwhelmingly studio, the most oversupplied segment in Dubai; the district is Dubai South, which absorbed roughly a quarter of all off-plan purchases this year; and completion is 2029-04-12, inside the heaviest handover window on record. BT Properties has no long record to inspect.

Get a real current rent for a Dubai South studio before modelling anything, and do not underwrite on the assumption that the airport corridor lifts rents by 2029 — the corridor matures into the 2030s.

If you will live there

For an owner-occupier this is the cheapest way onto the ladder in our coverage, but it is a studio in a car-dependent district with no metro and a wait until 2029-04-12. If you need more than one room, this is not the building.

FAQs

What is the cheapest way into Dubai off-plan?

On our current coverage, Waada Altura 1 is close to it. The Dubai Land Department records a lowest purchase of AED 460,000 and a median of AED 475,000 at AED 1,169 per square foot — the lowest rate we track for a project with a confirmed escrow account.

What do buyers actually pay at Waada Altura 1?

A median of AED 475,000, or AED 1,169 per square foot, across 178 recorded 2026 purchases. The lowest was AED 460,000 and the highest AED 1,465,000. Prices paid, not asked.

What unit types does Waada Altura 1 offer?

Overwhelmingly studios, with a block of one-bedrooms and a single two-bedroom sale recorded. Studios are Dubai's most oversupplied segment, and Dubai South carries a large share of that supply — which is the main structural limit on rent growth here.

When does Waada Altura 1 hand over?

Completion is filed with the Land Department for 2029-04-12, with construction at 1.94% as of 31 August 2026 — genuinely under way rather than at zero. That date sits inside Dubai's heaviest handover window, so expect substantial competition for tenants on completion.

Is Waada Altura 1 a good investment?

It is a low-entry-price position with a thin margin for error. The low rate widens your tolerance on rent, but you are letting a studio in the district absorbing the most supply in Dubai, completing inside the busiest handover window. Get a real current Dubai South studio rent before modelling, and treat the airport corridor as upside rather than as the basis of the case.

Does Waada Altura 1 have an open escrow account?

Yes, on the Land Department register with 381 units. Escrow is the legal gate before units may lawfully be sold. Confirm the account number with the Land Department on the day you transfer funds.

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Data & accuracy: Figures on this page are compiled from Dubai Land Department open data, developer materials and market sources, and can change without notice. Prices, payment plans, handover dates and availability must be verified directly with the developer or a RERA-licensed broker before you commit to anything. Nothing here is financial advice or an offer to sell. Spotted something wrong? Tell us and we'll correct it. Last updated 13 Oct 2026.

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