Sobha LLC's Al Merkadh project — here's what the Dubai Land Department numbers say.
Sobha LLC is the developer of record for Kensington Waters
Pricing benchmark: AED 1,750 per sq ft in Al Merkadh
Completed stock — immediately mortgageable and rentable
Typical ticket size clears the AED 2M Golden Visa threshold
Sikandar assessment — not financial advice. Derived from DLD registry data and comparable area analysis.
Units
281
Completion
100%
Area avg / sq ft
AED 1,750
Gross yield
—
Area
Al Merkadh
Developer
Sobha LLC
Completion date
30-06-2024
Master development
—
Sourced from the Dubai Land Department transaction registry. The DLD does not publish unit-level transactions against individual project IDs, so these are area comparables for Al Merkadh — the pricing pool Kensington Waters trades within.
DLD comparables for Al Merkadh are being refreshed. Request the investor brief below for the current transaction pack.
Source: Dubai Land Department transaction registry, synced 2026-08-12. Averages cover all registered sale procedures in the area and are not adjusted for unit quality, floor or view.
Benchmark entry
AED 3,205,143
Gross rental / yr
—
Net rental / yr
—
Villa benchmark
—
Provisional — indicative only. Gross and net yields are area-level figures from Sikandar's pricing model; net deducts service charges, a vacancy allowance and management overhead. Actual returns vary by unit.
| Scenario | Down payment | Loan | Monthly EMI |
|---|---|---|---|
| NRI (25% down) | AED 801,286 | AED 2,403,857 | AED 13,361 |
| UAE Resident (20% down) | AED 641,029 | AED 2,564,115 | AED 14,252 |
| Cash Buyer | AED 3,205,143 | — | — |
Registered with the Dubai Land Department since 23-0. Other projects from this developer:
Sobha LLC profile →1,183 registered buildings and 25,060 registered transactions in the DLD registry for this area.
Browse Dubai areas →Includes payment plan, available inventory, comparable transaction data and Sikandar's risk assessment.
Kensington Waters is a Sobha LLC development in Al Merkadh of around 281 units, currently recorded at 100% construction completion. Registered sales in Al Merkadh average AED 1,750 per square foot, which is the pricing pool any unit here trades within — a more reliable anchor than launch brochures.
From a returns perspective, Al Merkadh yield depends heavily on unit type and handover timing. Investors comparing this against alternatives should review our 2026 ROI rankings and model their own scenario in the Investment Simulator.
As completed stock, Kensington Waters suits income-focused buyers who want immediate rental cash flow and mortgage access rather than construction exposure. Typical ticket sizes here clear the AED 2M Golden Visa threshold, which matters for non-resident buyers structuring residency. See the Golden Visa property guide for the residency pathway.
Kensington Waters sits in Al Merkadh, where the Dubai Land Department has registered 25,060 transactions at an average of AED 1,750 per sq ft. Sobha LLC is the developer of record, and the project is currently completed. Suitability depends on whether you are buying for yield or capital growth — use the figures below rather than launch marketing.
Unit-level rental data for Kensington Waters is not yet published. Yields in Al Merkadh should be modelled from comparable registered sales and rental contracts — request the investor brief for the current working numbers.
Yes. Benchmark prices here sit above the AED 2M property threshold, so a qualifying unit at Kensington Waters would support a 10-year renewable Golden Visa for the buyer and immediate family. Eligibility is assessed on the individual title deed value, not the project average.
Kensington Waters is developed by Sobha LLC. The project comprises around 281 units. Construction is recorded at 100% complete.
This is a completed project, so the main risks are service-charge inflation and secondary-market supply. Area-level supply in Al Merkadh and the developer's delivery record should both be checked before committing. All figures on this page are indicative and not financial advice.
Send me your budget and timeline and I will come back with the current payment plan, the realistic net yield after DLD fees and service charges, and whether Kensington Waters beats the alternatives in Al Merkadh.
Syed Sikandar · RERA Broker Card #75044 · No spam, no listing blast — one considered reply.
Data on this page is compiled by Syed Sikandar (RERA #75044), a Dubai-licensed real estate broker with 5 years of market experience. Kensington Waters figures are compiled from the Dubai Land Department project and transaction registries for Al Merkadh. Scores are provisional pending DLD API integration. Last updated: 12 August 2026.
Disclaimer: All financial figures, yields and appreciation estimates on this page are provisional and indicative only. They are based on Dubai Land Department public records, comparable area analysis and Sikandar's methodology. Actual returns may vary. This is not financial advice. Always conduct independent due diligence before making investment decisions.
RERA #75044 · Source: Dubai Land Department registry · © Sikandar.ae 2026