The Rings
The Rings Offered by Buy Dubai Off-Plan
The Rings

The Rings

by PMR in Dubai Water Canal View on map Completed

Starting price
AED 69,000,000
Payment plan
60/40
Handover
Q4 2025

โ‰ˆ โ‚ฌ 16,560,000

This project was completed in Q4 2025. The price shown is the original launch price. Availability is through the resale market. Contact us to ask what is currently for sale.

Project details

Starting price AED 69,000,000 โ‰ˆ โ‚ฌ 16,560,000 What will my monthly payments be?
Payment plan 60/40 60% during construction, 40% at handover
Handover Q4 2025 Completed
Bedrooms 567
Property type
Penthouse
Floor area
893 to 1,838 mยฒ
Developer
PMR
Project brochure
Free, with no obligation

The The Rings brochure

Download the brochure for The Rings van PMR Development in Dubai Water Canal for free with all the information about this project.

  • Floor plans by property type
  • Full price list
  • Payment plan
Download the brochure

About The Rings

  • Ultra-luxury residential project on the prestigious Dubai Water Canal

  • Limited collection of 5 to 7-bedroom duplex and triplex residences

  • Breathtaking views of landmarks including the Burj Khalifa and Burj Al Arab

  • Private amenities such as swimming pools, gyms, and cinema rooms per residence

  • Strategic location with quick connections to top destinations

The Rings at Dubai Water Canal: Luxury homes by PMR Development

The Rings is an ultra-modern residential project rising along the iconic Dubai Water Canal, developed by PMR Development. This exclusive complex offers just twelve ultra-luxury residences, spread across two elegant towers. The architecture is a harmonious interplay of world-class design by Foster + Partners and the artistic vision of the renowned Emirati artist Mattar Bin Lahej. The residences range from 892.98 to 1837.99 m2 and combine monumental living spaces with high-quality finishes. Each residence features private swimming pools, spacious landscaped terraces, and panoramic windows that bring the dynamic cityscape inside. The location is among the most sought-after in Dubai, within walking distance of exclusive dining establishments and cultural hotspots. With completion scheduled for the fourth quarter of 2025, this project positions itself as a rare investment opportunity in the upper echelons of the real estate market.

Residences and Types

The project comprises two distinctive categories of residences: the Sky Mansions and Sky Palaces. These homes range from five to seven bedrooms in a duplex or triplex arrangement, with areas starting from 892.98 m2 up to 1837.99 m2. Each residence is equipped with a private lift that provides direct access to its own floors. The interiors are characterised by floor-to-ceiling windows that maximise natural light while emphasising the views of the waterway and skyline. The master floors often include separate dressing rooms, walk-in wardrobes, and bathrooms with thermostatic taps. Kitchens are fitted with integrated Gaggenau appliances and marble worktops. Notable are the private wellness facilities per residence, including spa areas with steam cabins and custom-made changing rooms. The rooftop terraces provide space for infinity pools with integrated jacuzzis, surrounded by subtle landscaping for maximum privacy.

About the developer PMR Development and the The Rings design

For The Rings, PMR Development has collaborated with renowned international partners to create an architectural icon. Foster + Partners was responsible for the structural design, combining organic forms with technological innovations. The facade is a work of art in itself, inspired by traditional Arabic patterns but executed in modern materials. The interior concept features double-height living spaces with oak wood floors and walls clad in natural stone. The developer is known for its attention to detail, which is evident in the automated smart home systems and advanced security infrastructure. Common facilities include a concierge service, underground parking with private pods, and a residential management office. The lobby stands out due to its sculptural staircase and water features that create reflective light play. PMR guarantees construction quality according to the strictest international standards, with materials selected for their sustainability and low-maintenance characteristics.

Prime location in Dubai Water Canal near key Dubai destinations

The strategic location on the Dubai Water Canal places residents at the heart of the cityโ€™s dynamism. Within a five-minute radius are renowned destinations such as Safa Park and the Four Seasons Residences. The neighbourhood along Al Wasl Road offers a balanced selection of culinary hotspots, from intimate patisseries to Michelin-recognised restaurants. Culture enthusiasts will appreciate the proximity to the Etihad Museum and the creative hub of Alserkal Avenue. For daily needs, premium supermarkets such as Waitrose and Spinneys are within easy reach. The DIFC business district is reachable within a five-minute drive, while the streets of Jumeirah Beach are accessible within seven minutes. Public transport options include water taxis from the nearby pier and metro connections via Business Bay station. The area combines urban vibrancy with green tranquillity thanks to carefully landscaped promenades along the canal, ideal for evening walks or jogging routes.

Flexible payment plan for The Rings homes

The payment plan for The Rings is structured with flexibility for investors. After an initial down payment of 15%, 60% of the total amount is paid in stages during the construction phase, with the remaining 40% due upon completion. For a standard Sky Mansion priced at AED 69,000,000, this translates to an initial instalment of AED 10,350,000. The interim payments are linked to construction milestones, with transparent communication regarding progress. Our property advisor team in Dubai assists buyers with currency conversions and financing options through local banks. It is possible to make payments in AED or EUR, depending on personal preference. The agent goes through the relevant aspects with you and supports the notarial processing. Any questions regarding payment schedules or customised instalment plans can be discussed with us directly. The contracts comply with DLD regulations and offer full legal protection for international buyers.

Amenities

Payment plan for The Rings

60%40%
60%
During construction, in instalments
AED 41,400,000
โ‰ˆ โ‚ฌ 9,936,000
40%
After handover
AED 27,600,000
โ‰ˆ โ‚ฌ 6,624,000

Monthly payments and your own funds

How much do you need for The Rings, and what will your monthly payments be if you finance part of the price at handover?

Do you live in the UAE?

Monthly payments after handover

AED 139,657

โ‰ˆ โ‚ฌ 33,520 per month

Maximum mortgage in your situation: 50% of the purchase price

Your funds during constructionin instalments according to the payment plan
AED 41,400,000โ‰ˆ โ‚ฌ 9,936,000
Your funds at handover
AED 0โ‰ˆ โ‚ฌ 0
Mortgage at handover
AED 27,600,000โ‰ˆ โ‚ฌ 6,624,000
Purchase costs4% DLD fee and mortgage costs
AED 3,105,870โ‰ˆ โ‚ฌ 745,400
Total funds required
AED 44,505,870โ‰ˆ โ‚ฌ 10,681,400
Request finance guidance for The Rings
How does a mortgage work for off-plan property in Dubai?

You use your own funds during construction. You pay the payment plan instalments from your own funds. A mortgage is usually arranged only at handover, for the amount still outstanding at that point. Some banks provide finance earlier, but the UAE Central Bank sets a 50% maximum for off-plan property.

Situation (UAE resident)Maximum mortgage
First home up to AED 5m80%
First home above AED 5m70%
Second home or investment60%
Off-plan, before handover50%

Non-resident? These maximums do not automatically apply. Banks use their own, usually stricter, rules for foreign buyers. If you live abroad, expect to contribute more of your own funds.

Income matters. In principle, your total monthly debt repayments may not exceed 50% of your gross monthly income, and the mortgage may not exceed 7 times your annual income. The maximum term is 25 years.

Borrow more after handover? If the property is worth more than your purchase price at handover, a bank may sometimes provide additional finance based on the valuation through equity release. This requires a separate discussion with an adviser.

An estimate, not advice or an offer. Statutory maximums are no guarantee. Income, debts, age, employer and credit profile determine what a bank will actually lend.

Photos of The Rings

Location

Dubai Water Canal, Dubai
Open in Google Maps

About PMR

PMR boasts an impressive portfolio of off-plan property projects in Dubai, ranging from residential high-rises to mixed-use developments. These projects are situated in strategic locations such as Downtown Dubai, Dubai Marina, and Business Bay, where demand for quality real estate remains high. An example is the recently launched "SkyVue Towers", a luxury residential project with apartments starting from 85 m2 and prices from AED 1.2 million. Additionally, PMR offers commercial spaces in "The Hub", a dynamic business district with flexible leasing options. By investing early in an off-plan project by PMR, you benefit from lower entry prices and potential capital appreciation upon completion. Our property advisors can guide you through exploring all available options.

PMR has been active in Dubai's real estate market for over 15 years and has established itself as a reliable developer. The company began with small-scale residential projects and grew into a renowned player with iconic developments such as "The Pinnacle", a tower that has won multiple architecture awards. PMR is known for its attention to detail, sustainable construction practices, and close collaboration with renowned architecture firms. Over the years, the developer has built a portfolio of more than 20 successfully completed projects, which instils confidence in both local and international investors. Their experience in off-plan development ensures a smooth process from purchase to handover.

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Images are for illustrative purposes and may differ from the finished property. The stated handover date is indicative and may be delayed. Although this page has been prepared with care, information may be incorrect or out of date. The price shown is a starting price and may differ from the current price. Please see our full disclaimer for more information.