Living Legends Phase 5

Two unit bands define the offer. The first covers 110 compact units — studios of 39.02 to 49.22 sqm — priced from AED 630,200 to AED 739,600. The second holds 111 one-bedroom apartments of 60.23 to 80.28 sqm, priced from AED 1.04M to AED 1.25M. Observed per-sqm pricing runs from AED 14,036 at the lower end to AED 18,135 at the top, with premiums driven by floor level and unit aspect within the building.

The AED 630.2K entry price is accessible for buyers using UAE mortgage finance or developer installment structures, but the headline figure understates true acquisition cost. Buyer-facing selling costs include a 6% buyer-side fee — AED 37,800 on a AED 630K transaction — which raises the all-in cost floor before any DLD registration fees or other transaction charges. Buyers comparing off-plan against ready inventory should apply this adjustment to every psm calculation to avoid misleading comparisons against listed prices.

With 231 tracked transactions on record, the secondary market data is sufficient to identify price trajectory. For detailed guidance on acquisition cost structures and payment plan mechanics, review buying advice before proceeding to contract.

The build schedule is 53.52% behind plan against a Q3 2028 handover target. That is not a minor variance — it is a structural risk that changes the economics of the investment across multiple dimensions: extended capital lock-in during the off-plan period, delayed income commencement for buy-to-let investors, and compounding opportunity cost against on-schedule launches with comparable psm pricing in the same sub-district.

Under UAE real estate regulations, developers are required to hold project funds in DLD-supervised escrow accounts, with disbursements tied to verified construction milestones rather than developer discretion. This framework limits buyer financial exposure but provides no guarantee of delivery timing and offers no compensation for the interest cost of capital sitting idle during a delayed completion.

For buyers whose investment thesis depends on predictable cash flow timing or a fixed entry into the Wadi Al Safa 3 rental market, a 53.52% schedule delay should function as a selection disqualifier until the developer provides a credible revised completion date backed by evidence of accelerated site activity. Cross-reference Amer Alghurair Real Estate Development's delivery track record on prior phases of Living Legends before deciding how much schedule risk is acceptable here.

Wadi Al Safa 3 is a low-density residential sub-district within Dubailand, positioned along the Mohammed Bin Zayed Road corridor between Al Barsha South and the Emirates Road belt. The area is built around master-planned gated communities, with Living Legends as one of its most established addresses — comprising villas, townhouses, and apartment towers delivered in successive development phases over more than a decade.

The sub-district serves owner-occupiers and long-term buy-to-let investors rather than short-stay operators or serviced apartment buyers. The tenant base is predominantly family-oriented and professional, which supports stable occupancy and predictable lease renewal patterns but limits the high-velocity capital appreciation typical of transit-connected or tourism-adjacent sub-markets. Mohammed Bin Zayed Road provides reliable access to Downtown Dubai and the Marina corridor within 25 to 35 minutes under normal conditions, but there is no metro connection within walkable distance — a structural constraint that caps tenant demand ceilings and limits the pool of tenants who will pay a premium for transit convenience.

Supply discipline within the Living Legends master community boundary is relatively strong given its gated format and defined parcel limits. However, the broader Dubailand macro-zone carries significant undeveloped land, meaning long-term appreciation in Phase 5 depends more on developer delivery quality and project execution than on sub-district land scarcity alone. Buyers should weigh that distinction carefully when comparing Wadi Al Safa 3 against genuinely supply-constrained alternative corridors.

Three launches in the Wadi Al Safa 3 supply pipeline warrant direct comparison before Living Legends Phase 5 earns final selection consideration.

The Wilds Residences is positioned around high-density landscaping and integrated outdoor amenity — a product differentiation that typically commands a tenant premium in this corridor and attracts a buyer profile willing to pay above standard psm for an elevated lifestyle specification. Buyers should compare its handover certainty and net psm directly against Living Legends Phase 5 before drawing a selection conclusion.

Arthouse Private Residences targets a culturally and creatively oriented buyer and tenant profile. If the occupier segment you are acquiring for skews toward premium creative-class tenants willing to pay for design identity, Arthouse Private Residences warrants a unit-by-unit comparison against the upper pricing band of Living Legends Phase 5 before a final decision is reached.

Noore rounds out the active supply set within the same geographic cluster. Its unit mix, psm pricing, and construction programme should be benchmarked head-to-head against Living Legends Phase 5 — particularly given the schedule delay risk that currently distinguishes Phase 5 from its neighbours in the pipeline.

Any buyer evaluating Wadi Al Safa 3 off-plan projects should run a simultaneous net-psm analysis across all four launches, incorporating handover certainty and full acquisition cost structure into the comparison. For full developer context, Amer Alghurair Real Estate Development's project history provides the delivery track record data needed to calibrate how much schedule risk is reasonable to accept in Living Legends Phase 5.