At launch, the 2 bedroom apartments at Sanctuary by Prestige One were priced from AED 3 million and the 3 bedroom residences from AED 4.8 million. On top of the purchase price, buyers pay the 4% Dubai Land Department registration fee when the sale is recorded. Resale asking prices should be checked against recent DLD transactions for the building.
Prestige One kept the residential side small and focused. More than half the homes are 1 bedroom units, the 2 bedroom apartments make up about 39% of the building, and just 8 residences have 3 bedrooms, with no studios at all. The lower levels of the tower hold offices and retail, served by their own lobby, gym and multipurpose room on level 1.
Prestige One Luxury Real Estate is registered with the Dubai Land Department as developer number 1606 and is led by its founder and CEO, Ajmal Saifi. Sanctuary itself is held by a dedicated project company, Prestige Sanctuary Real Estate Development L.L.C, registered as developer number 2509. Its first completed projects. under the Prestige One name were The Residence in Jumeirah Village Circle and Vista in Dubai Sports City. In April 2026 it handed over two key projects and awarded construction contracts worth AED 500 million, and in September 2026 it announced plans for up to USD 1.1 billion of investment across 8 more projects.
An independent RERA progress inspection on 12 January 2026 found that no construction activity had started on site, and the official progress status was marked as not applicable. For current unit availability, check directly with Prestige One. Buyers can also enter through the resale of an off plan contract, which needs a developer NOC, and the SPA sets the minimum share of the price the original buyer must have paid before the unit can change hands.
Both developers are building in Meydan Horizon beside the Ras Al Khor wetland.
| Prestige One Developments | Ellington Properties | |
|---|---|---|
| Background | Prestige group active in Dubai since 2007; Prestige One Developments launched in 2023 | Founded in 2014 |
| Leadership | Founder and CEO Ajmal Saifi | CEO Elie Naaman |
| Headquarters | Marina Plaza, Dubai Marina | Business Bay |
| Focus areas | Residential towers across JVC, Dubai Sports City, MBR City and Dubai Islands | Design led boutique apartments and villas across MBR City, JVC, Downtown and Palm Jumeirah |
| Recent milestone | Handed over two key projects in April 2026 | Delivered Berkeley Place in MBR City with 127 apartments |
| Meydan Horizon project | Sanctuary by Prestige One | Everly Place |
| Structure | Basement, ground, 3 podium levels, 20 floors and roof | 13 storeys |
| Apartment sizes | 655 to 2,561 sq ft | 694 to 2,481 sq ft |
| DLD construction start | 1 November 2026 | First construction trace in June 2026 |
Amenities are split across two decks, and each has its own mood. The Living Deck on level 9 is the family floor, with a waterfall feature, a sunken island pool, a kids' pool, a play area with water features, outdoor fitness stations, an outdoor cinema, a serenity garden and a mini picnic park, plus an indoor gym, cinema and kids' room. The Sky Garden on level 21 is quieter, with the infinity pool, a Jacuzzi, a relaxation pool, bonsai seating, BBQ areas and a multipurpose room. A sauna complex with a steam room and a dry cedar cabin completes the wellness offer.
Sanctuary by Prestige One is located in Meydan Horizon, Dubai. The development provides access to key destinations across Dubai, including Downtown Dubai, Business Bay and Dubai International Airport. Travel times should be confirmed against reliable route information before publication.
Content Reviewed By: Vikas Taneja-RERA Certified Broker (BRN: 82127), Honey Money Real Estates L.L.C. (ORN: 28658). Advising HNI and NRI buyers on Dubai off-plan and ready property, with direct transaction experience across Downtown Dubai, Dubai Creek Harbour, MBR City, Sobha Hartland, The Valley, and Dubailand communities.
Company Authority: Honey Money Real Estates L.L.C. is a DLD-registered brokerage (ORN:28658) operating under Dubai’s Real Estate Regulatory Agency (RERA). All project data on this page is cross-checked against the developer’s official documentation and DLD records. Pricing and availability are market-indicative at the time of review and subject to change.
Prestige One Developments is the developer. It belongs to the Prestige group, active in Dubai since 2007, and is also building The Waterway and Parkway in the same Meydan Horizon community.
Sanctuary is in Meydan Horizon, a Meydan Group master community inside Mohammed Bin Rashid City, Dubai. The wider community is planned around 4 crystal lagoons, with Downtown Dubai and Business Bay close by.
Launch prices started at AED 1.8 million for a 1 bedroom apartment, AED 3 million for a 2 bedroom and AED 4.8 million for a 3 bedroom. Buyers also pay a 4% DLD registration fee.
The plan is 20% on booking, 45% spread over 8 instalments during construction and 35% on handover. That places 65% of the price before completion and the remaining 35% at key handover.
The Dubai Land Department lists completion for 31 August 2029, with construction starting on 1 November 2026. Buyers should track progress through the DLD website or the Dubai REST app before planning a move or tenancy.
Hartland International School and North London Collegiate School are both in neighbouring Meydan. Both teach international curricula, so families moving into Sanctuary have established school options within the same district.
Yes. Buyer payments go into escrow account 019500000859 at Mashreq Bank PSC, opened in the name of the project. Funds are released to the developer only against verified construction progress, so always pay into this account directly.
Limited Period: Free DLD Waiver on select units