Provenza Residences by IKR Development

Dubai, United Arab Emirates

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Price from

≈ $280,463AED 1,030,000Rate as of 2026-08-30

US dollar amounts are shown for easier comparison. The developer's price is set in the listing currency.

AED 12,134 / m²

cheaper than 90% of city projects

-38% vs the city median (Dubai), sample of 371 projects

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Data verified Aug 20, 2026price source: developer partner networkupdated 10 days ago

Properties

Condominium

Area

64 - 152 m²

Bedrooms

1 - 2

Readiness

Under construction

Available

4 of 4

Dry season

Jul, Aug, Oct

Is this expensive for the city

$3,304per m²cheaper than 90% of city projects

Median $5,369
$2,548$57,363

-38% vs the city median (Dubai), sample of 371 projects

Rate as of 2026-08-30, city data updated 2026-08-30. Prices converted to US dollars at the quote-date rate. Source: Housebook catalogue.

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What it really costs

Payment plan

  1. Step 1

    On booking

    20%

    $56,093

  2. Step 2

    Tax

    4%

    $11,219

  3. Step 3

    Before commissioning

    40%

    $112,185

  4. Step 4

    On transfer

    10%

    $28,046

  5. Step 5

    After transfer

    30%

    $84,139

Total$280,463

The developer may revise the payment schedule. Confirm the current terms before the deal.

ROI Calculator

$272$4,207

A 6% annual yield estimate. We do not have market rental rates for this city yet. Check the real rate with your agent.

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40%100%
0%20%
Monthly income

$1,074

Annual income

$12,891

Gross yield

5.8%

Net yield

4.6%

Value in 5 years

$375,323

5-year ROI

57%

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Calculations are estimates based on average market data. Actual returns may vary. This is not financial advice.

When is the season here

Driest months: Jul, Aug, Oct

Wettest months: Jan, Mar, Dec

Dry months per year: 6. A month counts as dry when its rainfall is below the annual median of monthly rainfall.

Rainfall, mm per monthTemperature, °C
Monthly climate normal: temperature and rainfall
MonthTemperature, °CRainfall, mm
Jan20.117
Feb20.88
Mar23.316
Apr26.99
May30.74
Jun33.14
Jul35.01
Aug35.41
Sep33.52
Oct30.71
Nov26.58
Dec22.514

Source: NASA POWER, climate normal (2001-2020). Grid node 25.1, 55.2. This is a multi-year normal, not a weather forecast.

About the project

Properties

Condominium

Status

Under construction

Total units

4

Available

4

Area

64 - 152 m²

Description

Five units make up the entire Provenza Residences by IKR Development in Dubai, all within a single building under construction by IKR Development. All five units remain available, so the full range of layouts is still open to buyers.

The project offers one and two bedroom condos, with sizes ranging from 37.04 to 152.46 square meters. Prices start at 730,000 AED and go up to 1,850,000 AED, with an average price per square meter of 19,708 AED.

The development sits in the Dubai region. It suits buyers looking at an under construction property in the UAE, with a limited but currently full pool of layouts to choose from.

Location

Dubai, United Arab Emirates

Market context

Apartment prices

20%

Villa prices

29%

Residential transactions

56,723transactions

+16% YoY

Average apartment rent

AED 107,000

+8.5% YoY

Price per sqm

AED 1,600

+8% YoY

Dubai’s residential property prices continued to rise in 2025, with apartments up 20% and villas up 29% year‑on‑year, while transaction activity grew 16% to over 56,000 deals. Rental growth has moderated, with average apartment rents increasing about 8.5% and the market moving toward a more balanced supply‑demand dynamic. Strong economic fundamentals, the Golden Visa programme and sustained interest from high‑net‑worth investors keep foreign‑buyer demand robust.

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