Off-plan · Freehold
Ethan
by Griffin Real Estate Development · handover Q4 2026
Ethan, in plain numbers.
Ethan is an off-plan residential project by Griffin Real Estate Development in Meydan (Nad Al Sheba 1) (Nad Al Shiba First), Dubai. It is registered with the Dubai Land Department as project 3492, a residential building (g+1p+6f+r).the project designed to have a concrete structure and block with internal and external finishes. scheme, with works dated from June 2024 and 46.2% built at the last inspection. Handover is planned for Q4 2026. 48 units are registered, mostly one-bedroom homes of about 936 sq ft and 2-bedroom homes of about 1,302 sq ft. The register shows 25 sales since October 2025, 23 of them in the last twelve months, at a median of AED 1,640 per sq ft.
- Entry price under AED 2.5M
- Registered off-plan price 18% under ready resales in the area
- 23 registered sales in 12 months
- Keys this year
Registered projects only. Every project we show is registered with the Dubai Land Department; payments go into a RERA-supervised escrow account in the developer's name.
What is in Ethan.
Units by type from the Land Department's register, the prices they have sold at, and what the developer has on offer today (23 Sept 2026).
| Type | Units in the project | Typical size | Registered sales, 2 years | Median price | AED / sq ft | On offer today |
|---|---|---|---|---|---|---|
| 1 bedroom | 24 | 936 sq ft | 10 | AED 1,278,670 | 1,586 | 10 from AED 1.5M |
| 2 bedrooms | 24 | 1,302 sq ft | 13 | AED 1,822,740 | 1,700 | 8 from AED 1.95M |
Matched to the Land Department project Ethan (project no. 3492).
How you pay.
- 20%Down payment4% DLD + 5130 AED OQOOD Fee
- 80%On handover80% of the price, about AED 1.2M on the starting price
The developer also offers Payment Plan 2 (mortgage available) and Payment Plan 3; ask for the details.
Payment plan as published by the developer. Plans change during a launch; we confirm the current one in writing before you reserve.
What Ethan actually sells for.
Registered sale prices, not the developer's list prices.
| Date | Bedrooms | Sq ft | Price | AED / sq ft | Stage |
|---|---|---|---|---|---|
| 10 Sept 2026 | 1 B/R | 844 | AED 1,392,950 | 1,650 | Off-plan |
| 8 Sept 2026 | 2 B/R | 1,062 | AED 2,007,319 | 1,890 | Off-plan |
| 8 Sept 2026 | 1 B/R | 848 | AED 1,374,425 | 1,620 | Off-plan |
| 6 Aug 2026 | 2 B/R | 1,431 | AED 2,546,048 | 1,779 | Off-plan |
| 6 Aug 2026 | 2 B/R | 1,062 | AED 1,865,000 | 1,756 | Off-plan |
| 6 Aug 2026 | 2 B/R | 1,040 | AED 1,792,883 | 1,723 | Off-plan |
| 9 Jul 2026 | 2 B/R | 1,040 | AED 1,869,512 | 1,797 | Off-plan |
| 22 Jun 2026 | 1 B/R | 844 | AED 1,383,705 | 1,639 | Off-plan |
Source: Dubai Land Department open data, matched by the registered project name. Unit numbers are never shown.
Where it is.
Meydan (Nad Al Sheba 1), Nad Al Sheba Gardens, Dubai.
What it costs beyond the price.
- Land Department registration (Oqood): 4% of the price, usually paid with the booking instalment, plus the developer's small registration fee.
- No agency fee to you when you buy from the developer: the developer pays our commission.
- Your payments go into the project's escrow account, released to the developer as construction is certified.
- At handover: service charges start, and a mortgage can finance the final payment if the plan allows it.
General guidance; we confirm every fee for this project in writing before you reserve.
Questions people ask.
When is Ethan handed over?
The developer plans handover for Q4 2026; the Land Department recorded the project at 46.2% built. Launch dates can move, and we track the registered progress for you.
Who is the developer of Ethan?
Griffin Real Estate Development (registered as Griffin Real Estate Development L.L.C). The project is registered with the Dubai Land Department as number 3492.
What is the payment plan for Ethan?
20% down payment, 80% on handover. We confirm the current plan in writing before you reserve.
What is the price per square foot in Ethan?
Registered sales over the last 12 months have a median of AED 1,640 per sq ft, against about AED 1,981 for ready homes in Nad Al Shiba First.
Can foreigners buy in Ethan?
Yes. Ethan is freehold, so buyers of any nationality can own the property outright, registered in their own name with the Land Department.
Is buying off-plan safe?
Payments for a registered off-plan project go into a RERA-supervised escrow account, and your purchase is registered with the Land Department (Oqood). We check the developer's completed projects and the registered sales before we recommend a project.
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