Green Diamond One Al Barsha South Dubai

Green Diamond One is a pair of eight-storey blocks holding 194 homes in Arjan (Al Barsha South Third), built by Diamond Developers and finished in August 2018. It is all two- and three-bedroom apartments — no studios, no one-beds — which is unusual in a district built largely on small units. The cheapest home on the market today is asking about AED 975,000 (about Rs 2.51 crore).

Because the building is eight years old and fully occupied, this is a resale purchase and the numbers you should judge it on are transaction numbers, not launch numbers. Sales in the building have averaged about AED 916,000, current asks run to about AED 1.4 M, rents average about AED 103,122 a year, and Bayut puts the gross yield at about 8.2%. At roughly AED 1,000 per sq ft it sits well under Arjan's district average of about AED 1,355. You can see every Dubai project we track in the Dubai section, and the rest of our coverage under projects.

At a glance

Price and unit pricing

Three different prices circulate for this building, and they are not the same measurement. Here they are side by side, with the date each was seen.

The AED 721,941 figure is the one to be careful with: a portal entry price with no date attached, sitting below both the lowest live ask and the average of recorded sales — the pattern of a listing never refreshed. Do not budget on it. The two figures that matter are the AED 916,000 the building has traded at and the AED 975,000 a seller asks today, and the gap between them is your negotiating room.

Against the district, the building is cheap. Arjan averages about AED 1,355 per sq ft in 2026; Green Diamond One trades near AED 1,000. Part of that gap is age — a 2018 block against a district full of 2025 and 2026 handovers — and part is the missing small units, since studios and one-beds carry the highest per-sq-ft rates in Arjan. Ask your broker for the DLD transaction record for the building; it is public and it settles every argument on this page.

Payment and total cost

There is no construction-linked plan here. You pay in full at transfer or you take a UAE mortgage, which for a non-resident usually means 50 to 60% of value. The fees are the standard Dubai resale set, and they are worth working through on the entry unit.

Add 0.25% of the loan as mortgage registration if you finance. The service-charge line is a district estimate, not this building's approved rate, which the sources we checked do not print — get the owners' association's RERA-approved statement for the last two years before you commit. On a rent of about AED 103,000 that charge is the difference between an 8.2% gross yield and something closer to 6 to 6.5% net once agency fees and a month of vacancy are counted.

Location and connectivity

Arjan sits behind Dubai Miracle Garden, between Sheikh Mohammed bin Zayed Road and Umm Suqeim Road, at the point where Al Barsha South runs into Dubailand. The two attractions the district is known for — Miracle Garden and Butterfly Garden — are minutes away, and so is the highway, which is what makes the address work.

Dubai Hills Mall is about ten minutes by car and Mall of the Emirates about twelve to fifteen. Downtown Dubai and the Burj Khalifa are twenty to twenty-five minutes outside peak hours. There is no metro station in Arjan and none announced, so this is a car district: budget for a parking bay per working adult and expect tenants to be drivers.

The district is still filling in, and new towers hand over around Arjan regularly. That steady supply of newer competing rental stock is the single biggest constraint on rent growth here. For a comparison inside the same community, we also cover Gardens 2 in Arjan and Bond Enclave.

Amenities and specifications

The two blocks share a temperature-controlled swimming pool, a gym, a children's play area and shaded parking. Homes have open-plan kitchens, balconies and the energy-efficient systems and materials Diamond Developers specify across their work — the same approach they took at The Sustainable City, applied here in a conventional apartment building rather than a whole community.

What you are not getting is a 2026 amenity deck — no co-working floor, no padel court, no rooftop pool. That is why newer stock down the road asks more. Inspect the unit, the age of the AC plant and the common areas before you offer.

About the developer

Diamond Developers has been building in the UAE since 2003. It is known for The Sustainable City in Dubailand, established in 2015, now home to about 3,000 residents and running at full occupancy — the country's first serious attempt at a net-zero residential community, and one the company still operates rather than having handed over and left.

That operating record matters more than the awards. The group has taken the model to Sharjah Sustainable City, Yas Island in Abu Dhabi and Yiti near Muscat. Green Diamond One is a small, conventional project beside that portfolio, delivered in 2018 and since run by its owners' association — so the developer's current form has little bearing on what you buy. What it does tell you is that the building was put up by a company still in business, which is not true of every 2018 vintage in Dubai.

For Indian buyers

Arjan is freehold, so an Indian citizen can own a home here outright, in their own name, with a title deed from the Dubai Land Department. There is no annual property tax in Dubai; your recurring cost is the service charge.

Money moves under the Liberalised Remittance Scheme: USD 250,000 per person per financial year. An AED 975,000 purchase with fees comes to roughly USD 283,000, which is just over one person's allowance — so either split the purchase between two family members as joint owners (a couple can move USD 500,000 between them) or spread the payment across two financial years. Your bank will want the sale agreement and the DLD payment instructions, and TCS applies on the remittance above the current threshold.

On residency: this purchase does not qualify. The Golden Visa property route needs AED 2 M, and even the top three-bed here at AED 1.4 M falls short. If a visa is part of the reason you are buying, you need a different price point.

On tax at home: rental income from Dubai is taxable in India for a resident Indian at slab rates, declared as income from house property with the standard 30% deduction, and the property must be reported in Schedule FA of your return. The UAE levies no personal income tax, so there is no foreign tax credit to set off — the Indian liability is the whole liability. At an AED 103,000 rent that is a real number, so build it into the yield you are underwriting rather than working off the gross 8.2%.

Pros

• About AED 1,000 per sq ft against an Arjan average near AED 1,355 — a real discount to the district
• An 8.2% gross yield on Bayut's figures, at the top of Arjan's 6.5–8.5% band
• Ready, occupied and mortgage-eligible, with eight years of rent and resale history to check
• A developer that operates its communities long term and has been in business since 2003
• 194 homes across two low blocks — a manageable owners' association, not a 400-unit tower
• Two- and three-bed stock attracts families and longer tenancies than a studio building

Cons

• No studios or one-beds, so the highest-yielding layouts in the district are not available here
• Published prices disagree — AED 721,941 on one portal against AED 975,000 live — and the low figure looks stale
• Recorded sales average below the lowest current ask, so sellers are ahead of the market
• A 2018 building competing with brand-new Arjan stock for tenants, which caps rent growth
• No metro, and heavy new supply in the district, both of which weigh on resale liquidity
• Below the AED 2 M Golden Visa threshold at every layout
• Service charges of AED 12–16 per sq ft take roughly two points off the gross yield

Who this is for

• Yield investors who want a ready two-bed in Arjan priced under the district rate
• Buyers who prefer eight years of transaction history to an off-plan promise
• Indian buyers making a first Dubai purchase at a size one or two LRS allowances can cover
• Families wanting space near Dubai Hills and Mall of the Emirates without those addresses' prices

Who should look elsewhere

• Anyone buying property in order to qualify for a Golden Visa
• Investors who specifically want studio or one-bed stock for maximum yield
• Buyers who want a new building with the developer's warranty still running
• Anyone who needs metro access, or who will not read the service-charge statements first

Our verdict

Green Diamond One is a plain income asset and should be bought as one. The rate discount to Arjan is genuine, the yield is at the top of the district band, and the two-and-three-bed mix brings tenants who stay. Against that, it is eight years old in a district that hands over new towers constantly, it has no metro, and it will never clear the Golden Visa bar.

Negotiate off the AED 916,000 average of recorded sales, not the AED 975,000 ask, and treat the AED 721,941 portal figure as history. Get the service-charge statements and the age of the plant before you sign anything. Do that and this is a sound 6 to 6.5% net holding; skip it and you are buying an average building at a full price.

Run this project's numbers yourself. The calculator opens on the price and unit size above; change the currency, the rent or the mortgage and it recalculates the fees, the cash you need on day one and the net rent.

FAQs

What does a home at Green Diamond One cost?

The lowest current ask on Bayut is about AED 975,000 (about Rs 2.51 crore), with asks running up to about AED 1.4 M for the larger three-beds. Recorded sales in the building have averaged about AED 916,000. One portal still shows an older entry figure of AED 721,941 — treat that as a historic listing and ask which unit and which year it refers to.

Why do sources give different prices?

Because they measure different things. AED 721,941 is an older portal listing figure, AED 975,000 is the cheapest unit on the market today, and AED 916,000 is the average of what has changed hands. The DLD transaction record for the building settles it — ask your broker to pull it before you offer.

Is the building ready?

Yes. The two eight-storey blocks were completed in August 2018 and are fully occupied. Any purchase is a resale against a title deed, not an off-plan booking.

Is there a payment plan?

No. You pay in full at transfer or take a UAE mortgage. Add the 4% DLD transfer fee (AED 39,000 on AED 975,000), about AED 4,000 in trustee and admin fees and a 2% broker commission.

What rental yield does it give?

Bayut puts the building at about 8.2% gross, with an average rent near AED 103,122 a year and listings from AED 75,000 to 165,000. After service charges, agency fees and a month of vacancy, expect closer to 6 to 6.5% net.

What are the service charges?

The building's own approved rate is not printed by the sources we checked. Arjan buildings generally run AED 12 to 16 per sq ft a year, with the wider district range about AED 10 to 18. On a 900 sq ft two-bed that is roughly AED 11,000 to 14,500 a year. Ask the seller for two years of RERA-approved statements.

Can an Indian citizen buy here, and does it give a Golden Visa?

Yes — Arjan is freehold, so any nationality can own outright. At about AED 975,000 the purchase is inside a couple's combined LRS allowance, but it is below the AED 2 M property threshold for a Golden Visa, so it buys no residency on its own.

How do I remit the money from India?

Through the Liberalised Remittance Scheme: USD 250,000 per person per financial year, so a couple can send USD 500,000 between them and buy jointly. Your bank will ask for the sale agreement and the DLD payment details, and TCS applies on the remittance above the current threshold.

Who is the developer?

Diamond Developers, active in the UAE since 2003 and the group behind The Sustainable City in Dubailand, built in 2015 and still operated by them at full occupancy. They have since built Sharjah Sustainable City and are working on Sustainable City projects at Yas Island in Abu Dhabi and Yiti in Oman.

Is Arjan a good place to own?

It is a mid-market rental district: gross yields of roughly 6.5 to 8.5% depending on layout, an average rate near AED 1,355 per sq ft, no metro, and a lot of new supply handing over. It rents well and appreciates slowly. Buy it for income, not for a quick capital gain.

If you want the current asks in the building, the DLD transaction record and a viewing plan, talk to Realty Hunting and we will put the list together for you.