The Waterway

The Waterway is a single residential building by Prestige One Developments, situated in Bukadra and scheduled for handover in Q4 2026. The project offers a small collection of three two-bedroom residences, ranging in size from approximately 2,224 to 3,371 square feet, priced between AED 2.78 million and AED 4.2 million.

# The building and its position in Bukadra

Bukadra sits within the broader Meydan corridor, a district that has drawn considerable developer attention over the past several years as Dubai's residential centre of gravity has shifted further inland from the older coastal clusters. The Waterway occupies this context as a boutique low-count development, a deliberate contrast to the high-rise bulk that characterises much of the surrounding pipeline.

Construction is at approximately 5 per cent completion at the time of writing, with the project registered under escrow account 0405881276606. That early stage gives buyers entering now the full run of the build cycle, with handover targeted for the final quarter of 2026.

The building's name and positioning both reference lagoon access, a feature that anchors the project physically to the water-adjacent landscape that defines this stretch of the Meydan area.

# Residences, layouts and specification

The project contains exactly three units, all two-bedroom configurations. That figure is not a typo. It positions The Waterway less as a conventional apartment building and more as a small-scale residence with limited availability by design.

The three units span three distinct size points: 2,223.5 square feet, 2,388.9 square feet, and 3,371 square feet, priced at AED 2.78 million, AED 2.988 million, and AED 4.2 million respectively. At the upper end, the 3,371-square-foot unit represents a generous floor area for a two-bedroom layout, suggesting either a large-format duplex or a configuration with significant ancillary space.

Finishes are specified by Lacasa, with Siemens kitchen appliances supplied as standard. The kitchen-only furnishing arrangement means buyers receive fitted cabinetry and appliances but furnish the rest of the residence independently. Service charges are projected at 14 to 15 AED per square foot annually.

# Amenities on site

The amenity offering covers five facilities: a swimming pool, gym, community lounge, outdoor cinema, and lagoon access. For a building of three units, that provision is proportionally substantial, though it also reflects that shared costs will fall across a very small number of owners.

Lagoon access is the headline feature. Direct water frontage in this part of Dubai carries genuine premium, both for quality of life and for resale positioning.

The outdoor cinema is an unusual inclusion at this scale, sitting alongside the more conventional pool-and-gym pairing that forms the baseline for most new Dubai residential launches.

# Location and access in the Meydan belt

Bukadra's position within the Meydan district places it within reasonable reach of Downtown Dubai and the highway network that connects the emirate north to south. The Meydan Racecourse, home to the Dubai World Cup, sits nearby and lends the wider neighbourhood an established identity that goes beyond residential development alone.

The broader Meydan area has accumulated a critical mass of infrastructure over the past decade, including road links, retail, and hospitality. For buyers who do not require proximity to a specific business district or school corridor, the location offers the combination of relative quiet and reasonable centrality that increasingly defines mid-to-upper residential demand in Dubai.

# Three units, one buyer profile

A project of three residences is not built for volume investors. The buyer profile here is either an end-user who values privacy and scale above the social density of a larger building, or a highly selective investor acquiring one of a structurally limited number of units in a district with an active rental market.

The price range, AED 2.78 million to AED 4.2 million, sits within reach of the GCC buyer, the UK or European purchaser converting from sterling or euros at current rates, and the Asia-based buyer allocating to Dubai as part of a broader property portfolio. The large floor areas relative to the two-bedroom configuration add appeal for buyers who find most Dubai two-bedroom product undersized. At 3,371 square feet, the largest unit here is comparable in footprint to many three- and four-bedroom offerings elsewhere in the market.