Ethan (Meydan) — SKID Score 6.9/10

Key information

Delivery date: Dec 2026
Location: Dubai, Meydan, Ethan
Payment plan: 20/0/80
Property types: Apartment
Government fee: 4% + AED 5,130 admin
Ownership type: Freehold
Starting price / sq.ft: AED 1,780 / sq.ft
Unit sizes: From 843 sq.ft
SKID score: 6.9 / 10 (Worth comparing)

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Payment plan

20%

Down payment

AED 300K

At sales launch

0%

During construction

AED 0

Construction milestones

80%

On handover

AED 1.2M

Dec 2026

Published milestone schedule · Payment Plan 1

20% + 4% DLD + 5130 AED OQOOD Fee20% · AED 300K

80%80% · AED 1.2M

Project timeline

Project announcement
Griffin Real Estate Development official release
Booking & registration
Open for unit reservation
Construction phase
Active development
Expected completion
Dec 2026

About the project

Worth comparing.

The evidenced factors are mixed.

Ethan is a boutique residential development by Griffin Real Estate Development, located in Nad Al Sheba, Dubai. The project comprises a ground floor, a podium level, six residential floors, and a rooftop. Its architectural character is defined by flowing façade lines, panoramic glazing, rounded corners, and landscaped balconies. Ethan offers 48 fully furnished one- and two-bedroom apartments. The spacious layouts feature large windows and balconies, while the interiors are designed in a light, neutral palette. The kitchens are fitted with built-in appliances, and the clean finishes and functional layouts create a comfortable setting for everyday living. The project’s amenities include a main swimming pool, a children’s pool, a fitness club, a lobby, a residents’ lounge, an outdoor children’s play area, and landscaped green spaces. The development also provides 24/7 security. Thanks to its location in Nad Al Sheba, residents can easily reach key areas and landmarks across Dubai. Downtown Dubai and Burj Khalifa are approximately 5 minutes away, DIFC is around 15 minutes away, and Dubai International Airport can be reached in about 20 minutes.

17 competing off-plan launches tracked in Meydan — potential handover competition

SKID tracks 17 competing off-plan launches in Meydan. While phased handovers and district demand may absorb new inventory, a concentrated pipeline increases potential competition among resale buyers at handover.

Amenities

Children’s Pool
Covered Parking
Infinity Pool
Landscaped Garden
Leisure Areas
Lift
Lobby
Outdoor Kids’ Play Area
Owners’ Lounge
Picnic Area
Pool Deck
Resting Areas
Security & CCTV
Shared Gym & Fitness Centre
Sitting Area
Smart Home
Social Zone
Walking Paths

Units

from developer

1 BR

Floor plan not published by source

843 sq.ft · AED 1,780 / sq.ft

From AED 1.5M

2 BR

Floor plan not published by source

Size on request

Price on request

Floor plans & layouts

Floor plans not yet published by developer

Request the latest developer brochure and unit floor plan sheets on WhatsApp.

Request floor plans

Price comparison & DLD history

8-Factor Evidence Breakdown

7/8 factors backed by verified evidence (82% weight coverage) · skid-geo-v3.0-8factor

6.9/ 10

Historical DLD Transaction Context

Asking price is 17.7% lower than nearby completed homes (-AED 382/sq.ft.)

17.7% below comparable sales

The developer asks AED 1,501,273 (~AED 1,780/sq.ft. for a published 844 sq.ft. starting unit), while comparable residential homes in Meydan sold for a median of AED 2,162/sq.ft. (AED 1,823,647 for the same size).

1. Published Asking Price

AED 1,780 / sq.ft.

AED 1,501,273 starting price · 844 sq.ft.

2. Historical Nearby Closed Sales

AED 2,162 / sq.ft.

~AED 1,823,647 for the same size

3. Spread vs Historical Median

-AED 382 / sq.ft. (-17.7%)

-AED 322,374 vs historical median

Show bar comparison & transaction context

Published Launch AskAED 1,780 / sq.ft.

Historical Nearby Closed Sales MedianAED 2,162 / sq.ft.

Historical transaction context: The asking rate is 17.7% (~AED 322,374) below recent nearby completed homes in Meydan. While a lower entry rate reduces your starting cost basis, it does not guarantee capital upside or an immediate financial advantage—final outcomes still depend on 4% registration fees, construction delivery, unit micro-location, and market demand at handover.

Get an available quotation

Select a verified unit bucket to inspect published pricing and payment milestones.

Down payment20%

AED 300K

At booking

During construction0%

AED 0

Construction milestones

On handover80%

AED 1.2M

Handover Dec 2026

View full 8-factor score breakdown & recent DLD sales

Key takeaways before you buy

Plain-language summary of pricing, payment terms, and delivery outlook

Bottom Line

17 competing off-plan launches tracked in Meydan — potential handover competition

SKID tracks 17 competing off-plan launches in Meydan. While phased handovers and district demand may absorb new inventory, a concentrated pipeline increases potential competition among resale buyers at handover. (Potential Risk · Estimate — Potential Supply Risk)

Competing Supply (Potential Risk)

17 Launches

17 competing off-plan launches tracked in Meydan — potential handover competition

SKID tracks 17 competing off-plan launches in Meydan. While phased handovers and district demand may absorb new inventory, a concentrated pipeline increases potential competition among resale buyers at handover.

Why this matters: Future supply impact is a potential risk rather than a certainty: if multiple towers deliver in the same window, sellers may face longer marketing times or more competitive secondary resale pricing.

Developer Track Record (Incomplete Data)

History Incomplete

Incomplete historical delivery data for Griffin Real Estate Development in catalog

Griffin Real Estate Development is named on the launch, but SKID currently has 0 verified past-handover completion records in its catalog to evaluate historical on-time delivery performance.

Why this matters: An incomplete catalog record does not necessarily mean a developer has no prior projects elsewhere, but it introduces uncertainty—rely on verified DLD construction escrow milestones and independent due diligence.

Pricing vs. Closed Sales

-17.7% vs. DLD

Asking price is 17.7% below nearby closed sales (-AED 382/sq.ft.)

Published asking rate (AED 1,780/sq.ft.) is below the AED 2,162/sq.ft. completed-sale median in Meydan, though off-plan units remain unbuilt and subject to construction and market risk.

Why this matters: The asking rate is 17.7% (~AED 322,374) below recent nearby completed homes in Meydan. While a lower entry rate reduces your starting cost basis, it does not guarantee capital upside or an immediate financial advantage—final outcomes still depend on 4% registration fees, construction delivery, unit micro-location, and market demand at handover.

SKID intelligence

How does this project compare across all 8 factors?

Evidence Coverage: 7/8 factors (81.8%)
Methodology: skid-geo-v3.0-8factor

How SKID scores & compares projects

0.3 since last analysis

Last evaluated: 2026-11-02

Strong

• Published starting price vs historical DLD closed sales median: 17.7% below historical DLD closed sales median per sq ft in this community
• 80% of the price is due at or after handover, keeping strong buyer leverage until completion

Watch

• Amenities mention park
• Near-completion handover inside six months
• Service charge published at 16

Risk

• Heavy competing supply: 17 other launches in Meydan
• 24 primary off-plan registrations in this community (0 completed or secondary resales recorded yet)

See all 8 scoring factorsWhy SKID gave it 6.9

Why SKID gave it 6.9

Location

Weight: 29.6%

6.5/ 10

Amenities mention park

Entry price

Weight: 22.2%

9.0/ 10

Published starting price vs historical DLD closed sales median: 17.7% below historical DLD closed sales median per sq ft in this community

Developer

Weight: 18.2%

Insufficient evidence (N/A)

Supply / competition

Weight: 14.8%

3.6/ 10

Heavy competing supply: 17 other launches in Meydan

Payment plan

Weight: 14.8%

9.0/ 10

80% of the price is due at or after handover, keeping strong buyer leverage until completion

Delivery risk

Weight: 7.4%

7.4/ 10

Near-completion handover inside six months

Exit liquidity

Weight: 7.4%

4.5/ 10

24 primary off-plan registrations in this community (0 completed or secondary resales recorded yet)

Service charges

Weight: 3.7%

7.1/ 10

Service charge published at 16

Factor	Weight	Score
Location Amenities mention park	29.6%	6.5/ 10
Entry price Published starting price vs historical DLD closed sales median: 17.7% below historical DLD closed sales median per sq ft in this community	22.2%	9.0/ 10
Developer Insufficient evidence (N/A)	18.2%	Insufficient evidence (N/A)
Supply / competition Heavy competing supply: 17 other launches in Meydan	14.8%	3.6/ 10
Payment plan 80% of the price is due at or after handover, keeping strong buyer leverage until completion	14.8%	9.0/ 10
Delivery risk Near-completion handover inside six months	7.4%	7.4/ 10
Exit liquidity 24 primary off-plan registrations in this community (0 completed or secondary resales recorded yet)	7.4%	4.5/ 10
Service charges Service charge published at 16	3.7%	7.1/ 10

Recent sales nearby

Date	Type	Price	Sq ft	AED / sq ft
2026-07-07	Off-plan · Apartment	AED 3.28M	1,180	2,783
2026-07-07	Off-plan · Apartment	AED 2.13M	788	2,699
2026-07-07	Off-plan · Apartment	AED 2.15M	786	2,742
2026-07-07	Off-plan · Apartment	AED 2.11M	784	2,689
2026-07-07	Ready · Apartment	AED 350K	242	1,449
2026-07-07	Ready · Apartment	AED 1.27M	899	1,409
2026-07-07	Ready · Apartment	AED 1.23M	681	1,805
2026-07-07	Off-plan · Apartment	AED 1.13M	462	2,439
2026-07-07	Ready · Apartment	AED 1.53M	880	1,733
2026-07-07	Ready · Apartment	AED 650K	317	2,051
2026-07-07	Ready · Apartment	AED 711K	372	1,913
2026-07-07	Off-plan · Apartment	AED 1.63M	723	2,251
2026-07-07	Off-plan · Apartment	AED 2.08M	842	2,470
2026-07-07	Off-plan · Apartment	AED 1.82M	771	2,362
2026-07-07	Ready · Apartment	AED 4.31M	1,958	2,200
2026-07-07	Off-plan · Apartment	AED 3.79M	1,480	2,561
2026-07-07	Off-plan · Apartment	AED 1.3M	361	3,600
2026-07-07	Off-plan · Apartment	AED 2.1M	919	2,288
2026-07-07	Ready · Apartment	AED 1.95M	1,040	1,876
2026-07-06	Ready · Apartment	AED 1.47M	767	1,917
2026-07-06	Off-plan · Apartment	AED 4M	1,514	2,640
2026-07-06	Off-plan · Apartment	AED 2.77M	1,178	2,355
2026-07-06	Off-plan · Apartment	AED 1.69M	750	2,247
2026-07-06	Off-plan · Apartment	AED 1.59M	626	2,532

Closed sales in this community. These are not this tower's own contracts unless the record says so.

Location

Dubai, Meydan, Ethan

Interactive map ready (1 verified location)

· Meydan, Dubai

View project

Living in Meydan

Historical DLD Median

AED 2,162 / sq.ft

Historical DLD Sample

1641 closed sales

Ownership

Freehold

Frequently asked questions

Is Ethan a good off-plan investment in Meydan?

Ethan in Meydan (Dubai) scores 6.9/10 (compare) on the independent SKID 8-factor off-plan model across 82% evidenced factor weight. Worth comparing. The evidenced factors are mixed. Strongest evidenced factor: entry price. Weakest: supply. Historical DLD Closed Transactions: matched closed sales in Meydan record a median of AED 2,162/sqft across 1641 verified transactions. Reviewed by SKID Investment Research Engine (as of 2026-11-02).

Who is building Ethan?

Griffin Real Estate Development is the developer named on this launch.

When is handover for Ethan?

The published handover is Dec 2026.

What is the starting price of Ethan?

The published starting price is AED 1.5M.

What does the SKID screen mean for Ethan?

The SKID screen for this launch in Meydan is 83 out of 100. It ranks the published payment plan, handover date, starting price, and whether a developer is named. It is not a buy signal. Run the simulation before you reserve.