Mackerel Tower Dubai Islands Dubai

Mackerel Tower is a 10-storey apartment building on Dubai Islands, off Deira, by Tarrad Development, which builds through its subsidiary Saeed Tarrad Real Estate Development. It was launched in late November 2024 with 64 homes, described by the developer as one- and two-bedroom apartments and penthouses, and a 600-metre indoor jogging track it calls the first in Dubai. Launch prices started at about AED 2,000 per sq ft, and the developer reported 90% sold shortly afterwards.

Most buyers therefore meet Mackerel Tower on resale. The lowest current ask on the portals is AED 1,840,000 (about Rs 4.74 crore), against a developer launch list that began at AED 1,662,593 for a 796 sq ft one-bedroom. The developer plan is 15/45/40. Handover dates on record run from Q3 2026 to Q4 2027, and construction readings conflict, so this page works to Q4 2027.

At a glance

Price and unit pricing

We headline AED 1,840,000 because it is the latest price a buyer can act on: the launch list dates from November 2024, and 90% of the units were sold then. It is a seller's asking price, not the developer's, and asks are not sales. DLD transactions for the building, which the Dubai REST app and the portals' transaction pages show, are the check before you make an offer.

The one-bedroom launch list works out at about AED 2,089 to 2,091 per sq ft at both ends of its size range, which matches the developer's "from AED 2,000 per sq ft". The average resale ask of about AED 2,032 per sq ft is slightly below that, so on average sellers are not asking a per-foot premium. The cheapest ask is still about AED 177,000 (10.7%) above the cheapest launch unit, the price of buying a specific unit today rather than a brochure plan in 2024.

Against its neighbours

Sea Cliff by Imtiaz one-bedrooms have traded at an average of about AED 2,538 per sq ft, and one portal puts Seaside by Prestige One at about AED 2,080. Mackerel Tower sits at the lower end of that band. The unit mix is less clear than the price: the developer's launch release names one- and two-bedrooms and penthouses, while brokers list three-bedrooms and a four-bedroom penthouse. Ask for the floor plan of the exact unit.

Payment plan and total cost

The developer plan is 15% on booking, 45% during construction and 40% at handover; one broker writes it as 60/40. No source gives the number or dates of the construction instalments. If the developer still has one of its own units, the example below applies; on a resale, the second table does.

Worked example: the AED 1,662,593 launch-list one-bedroom

The resale route: the AED 1,840,000 ask

Get the developer's statement of what the seller has paid before you agree the split, because that decides your first cheque. The developer's no-objection fee for an off-plan transfer is not published. Service charges are estimated at AED 15 to 22 per sq ft a year across Dubai Islands; on a 796 sq ft one-bedroom that is about AED 11,940 to 17,512 a year.

Location and connectivity

Dubai Islands is Nakheel's 17 sq km reclamation of five islands off Deira, reached over the Infinity Bridge. The sources we checked do not name Mackerel Tower's island or plot, so ask for the affection plan before you pay. Deira and the Gold Souk are about 10 minutes by car, Dubai International Airport about 15 to 20, Dubai Creek Harbour about 15 and Downtown Dubai about 20 to 25.

The nearest rail is Gold Souq Metro station on the mainland until the Blue Line arrives, dated 2027 to 2029. The island mall, the promenade and the bridge to Bur Dubai are still being built, so a 2027 handover lands on an island that is part-finished. Agua Residences and Seaside by Prestige One are two other boutique buildings on the islands.

Amenities and specifications

The feature the developer leads with is the 600-metre indoor jogging track, which it bills as the first in Dubai. Around it are swimming pools, health clubs, children's play areas, a barbecue deck, a meditation and yoga zone and sports courts. One broker describes the apartments as fully furnished, and the developer's material stresses usable layouts and smart-home systems.

Not published: the sizes of anything larger than a one-bedroom, parking per unit, appliance brands and the service charge. On a resale, the seller's SPA and its schedule of finishes are what you inherit, so read them before you sign.

About the developer

Tarrad Development was set up in the UAE in 2020, with Saeed Tarrad as chief executive and chairman. The wider business dates to 2004 and developed property in Iraq, Turkey and Europe before coming to Dubai. It builds through Saeed Tarrad Real Estate Development and its own contracting arm, Saeed Tarrad Building Contracting, which works on Mackerel Tower with 3D Construction.

Its Dubai pipeline is Mackerel Tower and the Celesto towers, one in Dubailand and two on Sheikh Zayed bin Hamdan Street, with handovers dated 2026 to 2028. We found no completed Tarrad building in Dubai. That makes Mackerel Tower, launched in November 2024, a first delivery, and the conflicting handover dates and progress readings the thing to resolve with the DLD before you pay.

For Indian buyers

Ownership. Dubai Islands is freehold for foreign buyers. Until handover your ownership is an Oqood record at the DLD; at handover the DLD issues the title deed. There is no annual property tax and no sales tax or VAT on the residential sale.

LRS. Each resident Indian can remit USD 250,000 per financial year. The AED 1,840,000 resale ask is about USD 501,000, just above a couple's USD 500,000 for one year, so plan the funding across two financial years. A resale front-loads the cheque, because the seller's paid-in amount is due at transfer. TCS at 20% applies above Rs 10 lakh a year and is adjusted against your tax.

Golden Visa. The AED 2 million threshold excludes most one-bedrooms. The largest ones, up to AED 2,103,970 on the launch list, and every two-bedroom from AED 2,403,088 clear it.

Rent and tax. DLD-derived data puts Dubai Islands gross yields at about 2.2% to 4% today, with forecasts of 6% to 8% once the mall and promenade open. At 4%, a AED 1,840,000 unit earns about AED 73,600 a year before service charges. An Indian resident pays Indian tax on that rent and reports the flat in Schedule FA. See all Dubai projects we track or our projects page.

Pros

• About AED 2,090 per sq ft on the launch list and AED 2,032 on the average resale ask, below the AED 2,538 Sea Cliff one-bedrooms trade at
• A small building: 64 homes over 10 floors
• A 600-metre indoor jogging track, plus pools, sports courts and a yoga zone
• 90% sold at launch, early evidence of demand
• Resale stock exists now, so you can choose a floor and a view rather than a brochure plan
• Only 15% at booking on the developer's plan

Cons

• No completed Tarrad building in Dubai that we could find
• Handover dates run from Q3 2026 to Q4 2027 and progress readings from 6% to 46%
• 40% is due in one payment at handover
• The lowest resale ask is about AED 177,000 above the cheapest launch unit
• Sizes are published only for one-bedrooms; no 3 BHK price is published
• No DLD project number or escrow bank in any source checked

Who this is for

• Buyers who want a one-bedroom on Dubai Islands near AED 2,000 per sq ft
• Investors happy to buy on resale and pick a specific unit
• Buyers who value the fitness amenities, the jogging track above all
• Golden Visa buyers at the two-bedroom level, from about AED 2.4 M

Who should look elsewhere

• Anyone who needs a developer with finished Dubai buildings behind it
• Buyers who must know the handover quarter for certain
• Buyers who want a three-bedroom with a published price and size
• Anyone not prepared to check a resale seller's payment record with the developer

Our verdict

Mackerel Tower sits at the low end of Dubai Islands pricing per foot: about AED 2,090 per sq ft on the launch list and a little over AED 2,000 on the average resale ask, against about AED 2,538 for Sea Cliff one-bedroom sales. It is also small, with 64 homes, and its 600-metre indoor track is a real point of difference. What holds it back is certainty. The developer has no finished Dubai building we could find, three handover dates are in circulation, and the two progress readings are forty points apart. Buying on resale, you also pay a premium over the launch list for the privilege of choosing your unit.

Worth a look for a one-bedroom investor who wants Dubai Islands near AED 2,000 per sq ft, provided the seller's payment record, the DLD's progress reading and the developer's current handover date all check out before you pay a premium. Buyers who want a developer with a delivered island building should compare Sea Cliff by Imtiaz, at a higher price per foot.

Talk to Realty Hunting for the current price list, the developer's latest payment plan and a site-visit plan.

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 is the price of Mackerel Tower?

Resale asks start at AED 1,840,000 (about Rs 4.74 crore) and average about AED 2,780,000, or about AED 2,032 per sq ft. The developer's launch list ran from AED 1,662,593 for a one-bedroom to AED 8,424,042 for a penthouse. DLD transactions for the building show what units actually sell for.

Is Mackerel Tower sold out?

The developer reported 90% of its 64 units sold shortly after the November 2024 launch. Most buyers now purchase on resale, taking over the seller's position in the developer's plan. Ask the developer whether any of its own stock remains.

What is the payment plan?

15% on booking, 45% during construction and 40% at handover. On the AED 1,662,593 launch-list one-bedroom that is AED 249,389, AED 748,167 and AED 665,037, plus the 4% DLD fee. On a resale, the seller's paid-in amount and premium come up front.

When is the handover?

Sources give Q3 2026, Q4 2026 and, most recently, Q4 2027. Construction readings of 6% and 46% are both undated. Check the DLD's progress reading on the Dubai REST app and the date in your SPA.

Who is Tarrad Development?

A developer set up in the UAE in 2020 by Saeed Tarrad, whose business dates to 2004 with projects in Iraq, Turkey and Europe. Mackerel Tower and the Celesto towers are its Dubai projects; we found no completed Tarrad building in Dubai.

Is Mackerel Tower registered with the DLD?

An off-plan sale requires DLD registration and an escrow account, but no source we checked prints the project number or the bank. Ask for both, and on a resale ask for the Oqood certificate.

Does Mackerel Tower qualify for the Golden Visa?

The threshold is AED 2 million of property. Most one-bedrooms fall below it; the larger ones at up to AED 2,103,970 on the launch list and every two-bedroom from AED 2,403,088 clear it.

Can an Indian resident buy here, and what yield is realistic?

Yes, Dubai Islands is freehold. Each person can remit USD 250,000 a year under the LRS; AED 1,840,000 is about USD 501,000. DLD-derived island yields run about 2.2% to 4% gross today, with forecasts of 6% to 8% once the island's amenities open.

Compare with other Dubai projects

Also in Dubai Islands: Harbour by Prestige One (from AED 1,800,000, handover 2027), Agua Residence Tower B (from AED 1,700,000, handover 2027), Wynwood Residence (from AED 1.98 M, handover 2027) and Sia By Grovy (from AED 1,695,000, handover 2027). See every Dubai Islands project with prices and handover dates.

A similar budget elsewhere in Dubai: Ramada Residences by Wyndham (from AED 1,850,000, handover 2026), Deyaar DWTN Residences (from AED 1.86 M, handover 2029) and City Walk Northline (from AED 1.87 M, handover 2027).

Read next: Apartments for Sale on Dubai Islands: Prices and the Yield Question · Off-Plan Property in Dubai: How It Works · Dubai Property Payment Plans: 1% Monthly, Post-Handover and More · The Cost of Buying Property in Dubai. Every Dubai project we track is listed on the Dubai section.