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Ready building · Bolton

The Terraces N, Al Merkadh

Highlights

The Terraces N at a glance

About The Terraces N

The Terraces N is a mixed-use building in Al Merkadh, Dubai, developed by Bolton. It holds about 124 units: 1-bedroom apartments, 2-bedroom apartments, 3-bedroom apartments. Depending on the unit, windows look out over Burj Khalifa.

The building was completed in 2022 and has been in use for about 4 years. 4 units changed hands in the last 12 months, registered with the Dubai Land Department. Recent sales went through at a median of AED 1,937 per sq ft.

The Terraces N is one of 155 buildings in Al Merkadh: 135 are complete and 19 are still being built.

In a nutshell

  • A mixed-use ready building
  • Located in Al Merkadh, Dubai
  • Developed by Bolton
  • Completed in Q4 2022
  • Unit types: 1 Bed, 2 Beds, 3 Beds
  • Sizes from 700 to 3,200 sq ft
  • Views: Burj Khalifa
  • Service charge from AED 12.45 per sq ft
  • Burj Khalifa/Dubai Mall metro station 5 km away
Status
Ready
Developer
Bolton
Location
Al Merkadh, Dubai
Completed
Q4 2022
Unit types
1 Bed, 2 Beds, 3 Beds
Prices from
AED 834.0K
Median price per sq ft
AED 1,937
Median gross yield
6.8%
Service charge
AED 18.22 per sq ft (2026)
Nearest metro
District 1, 2.7 km

Building details

Inside The Terraces N

Properties in The Terraces N

1-bedroom apartments in The Terraces N

There are about 44 of these in The Terraces N, from 700 to 1,170 sq ft. They have recently sold for a median of AED 1.7M, or AED 2,170 per sq ft. Owners who resold made a median 7% over what they paid.

2-bedroom apartments in The Terraces N

There are about 68 of these in The Terraces N, from 1,120 to 2,860 sq ft. They have recently sold for a median of AED 2.9M, or AED 1,640 per sq ft. Owners who resold made a median 2% over what they paid.

3-bedroom apartments in The Terraces N

There are about 12 of these in The Terraces N, from 1,720 to 3,200 sq ft. They have recently sold for a median of AED 5.7M, or AED 1,950 per sq ft.

Unit types in The Terraces N with sizes, median prices and rents
Unit typeUnitsSizeMedian priceMedian rent
1 Bed44700 sqft65 sqmt – 1,170 sqft108.7 sqmtAED 1.7MAED 96K
2 Beds681,120 sqft104.1 sqmt – 2,860 sqft265.7 sqmtAED 2.9MAED 155K
3 Beds121,720 sqft159.8 sqmt – 3,200 sqft297.3 sqmtAED 5.7MAED 180K

Recent transactions in The Terraces N

  • The Terraces N, Sobha Hartland

    Al Merkadh

    AED 3.6M

    AED 1,260 /sqftAED 13,563 /sqmt

    ReadyApartment
    2,858 sqft265.5 sqmt2 BedsOwner12 Feb 2026

  • The Terraces N, Sobha Hartland

    Al Merkadh

    AED 1.7M

    AED 2,171 /sqftAED 23,368 /sqmt

    ReadyApartment
    760 sqft70.6 sqmt1 BedOwner2 Feb 2026

  • The Terraces N, Sobha Hartland

    Al Merkadh

    AED 2.3M

    AED 2,024 /sqftAED 21,786 /sqmt

    ReadyApartment
    1,124 sqft104.4 sqmt2 BedsOwner27 Nov 2025

  • The Terraces N, Sobha Hartland

    Al Merkadh

    AED 5.7M

    AED 1,954 /sqftAED 21,033 /sqmt

    ReadyApartment
    2,892 sqft268.7 sqmt3 BedsOwner25 Nov 2025

  • The Terraces N, Sobha Hartland

    Al Merkadh

    AED 2.2M

    AED 1,896 /sqftAED 20,408 /sqmt

    ReadyApartment
    1,150 sqft106.8 sqmt2 BedsOwner16 Oct 2025

  • The Terraces N, Sobha Hartland

    Al Merkadh

    AED 1.6M

    AED 2,119 /sqftAED 22,809 /sqmt

    ReadyApartment
    755 sqft70.1 sqmt1 BedOwner13 Oct 2025

  • The Terraces N, Sobha Hartland

    Al Merkadh

    AED 2.1M

    AED 1,855 /sqftAED 19,967 /sqmt

    ReadyApartment
    1,132 sqft105.2 sqmt2 BedsOwner2 Sept 2025

  • The Terraces N, Sobha Hartland

    Al Merkadh

    AED 2.2M

    AED 1,934 /sqftAED 20,817 /sqmt

    ReadyApartment
    1,148 sqft106.7 sqmt2 BedsOwner11 Jul 2025

  • The Terraces N, Sobha Hartland

    Al Merkadh

    AED 1.2M

    AED 2,032 /sqftAED 21,872 /sqmt

    ReadyApartment
    1,132 sqft105.2 sqmt2 BedsOwner1 Jul 2025

  • The Terraces N, Sobha Hartland

    Al Merkadh

    AED 2.9M

    AED 1,931 /sqftAED 20,785 /sqmt

    ReadyApartment
    1,486 sqft138.1 sqmt2 BedsOwner10 Jun 2025

  • The Terraces N, Sobha Hartland

    Al Merkadh

    AED 3.2M

    AED 1,972 /sqftAED 21,226 /sqmt

    ReadyApartment
    1,623 sqft150.8 sqmt2 BedsOwner20 May 2025

  • The Terraces N, Sobha Hartland

    Al Merkadh

    AED 2.2M

    AED 1,957 /sqftAED 21,065 /sqmt

    ReadyApartment
    1,124 sqft104.4 sqmt2 BedsOwner14 May 2025

  • The Terraces N, Sobha Hartland

    Al Merkadh

    AED 3.6M

    AED 1,475 /sqftAED 15,877 /sqmt

    ReadyApartment
    2,406 sqft223.5 sqmt2 BedsOwner14 Mar 2025

  • The Terraces N, Sobha Hartland

    Al Merkadh

    AED 3.2M

    AED 1,541 /sqftAED 16,587 /sqmt

    ReadyApartment
    2,077 sqft193 sqmt2 BedsOwner20 Feb 2025

  • The Terraces N, Sobha Hartland

    Al Merkadh

    AED 3.2M

    AED 1,939 /sqftAED 20,871 /sqmt

    ReadyApartment
    1,650 sqft153.3 sqmt2 BedsOwner19 Feb 2025

  • The Terraces N, Sobha Hartland

    Al Merkadh

    AED 3.4M

    AED 1,269 /sqftAED 13,659 /sqmt

    ReadyApartment
    2,639 sqft245.2 sqmt2 BedsOwner22 Jan 2025

  • The Terraces N, Sobha Hartland

    Al Merkadh

    AED 3.2M

    AED 1,325 /sqftAED 14,262 /sqmt

    ReadyApartment
    2,416 sqft224.5 sqmt2 BedsOwner16 Dec 2024

  • The Terraces N, Sobha Hartland

    Al Merkadh

    AED 1.5M

    AED 1,972 /sqftAED 21,226 /sqmt

    ReadyApartment
    753 sqft70 sqmt1 BedOwner18 Nov 2024

  • The Terraces N, Sobha Hartland

    Al Merkadh

    AED 2.2M

    AED 1,964 /sqftAED 21,140 /sqmt

    ReadyApartment
    1,120 sqft104.1 sqmt2 BedsOwner7 Nov 2024

  • The Terraces N, Sobha Hartland

    Al Merkadh

    AED 3.4M

    AED 1,264 /sqftAED 13,606 /sqmt

    ReadyApartment
    2,651 sqft246.3 sqmt2 BedsOwner4 Nov 2024

  • The Terraces N, Sobha Hartland

    Al Merkadh

    AED 92K/yr

    ApartmentNew contract
    753 sqft70 sqmt1 Bedto

  • The Terraces N, Sobha Hartland

    Al Merkadh

    AED 180K/yr

    ApartmentRenewal
    1,718 sqft159.6 sqmt3 Bedsto

  • The Terraces N, Sobha Hartland

    Al Merkadh

    AED 230K/yr

    ApartmentRenewal
    1,354 sqft125.8 sqmt2 Bedsto

  • The Terraces N, Sobha Hartland

    Al Merkadh

    AED 220K/yr

    ApartmentNew contract
    1,629 sqft151.3 sqmt2 Bedsto

  • The Terraces N, Sobha Hartland

    Al Merkadh

    AED 155K/yr

    ApartmentRenewal
    1,148 sqft106.7 sqmt2 Bedsto

  • The Terraces N, Sobha Hartland

    Al Merkadh

    AED 100K/yr

    ApartmentNew contract
    760 sqft70.6 sqmt1 Bedto

  • The Terraces N, Sobha Hartland

    Al Merkadh

    AED 140K/yr

    ApartmentNew contract
    1,150 sqft106.8 sqmt2 Bedsto

  • The Terraces N, Sobha Hartland

    Al Merkadh

    AED 120K/yr

    ApartmentNew contract
    1,132 sqft105.2 sqmt2 Bedsto

Every sale in The Terraces NEvery rent contract in The Terraces N

Service charges in The Terraces N

The 2026 service charge in The Terraces N is AED 18.22 per sq ft for homes, AED 12.45 per sq ft for shops. It is paid yearly by the owner, covers upkeep, security and shared areas, and is set by the building’s owners association and registered with the Dubai Land Department.

Service charges in The Terraces N
Unit typeRate per sq ftSizeYearly charge
1 Bed Apartment (2026)AED 18.22700 sqft65 sqmt – 1,170 sqft108.7 sqmtAED 12,754 – AED 21,317
2 Beds Apartment (2026)AED 18.221,120 sqft104.1 sqmt – 2,860 sqft265.7 sqmtAED 20,406 – AED 52,109
3 Beds Apartment (2026)AED 18.221,720 sqft159.8 sqmt – 3,200 sqft297.3 sqmtAED 31,338 – AED 58,304

Source: Dubai Land Department service charge index. Rates are reviewed each year.

Nearby amenities

Around The Terraces N

Transportation near The Terraces N

The nearest Dubai Metro station from The Terraces N is Burj Khalifa/Dubai Mall (red line, 5 km, about 12 min drive), then Financial Centre (red line, 5.2 km, about 12 min drive). Stations planned on new lines nearby include District 1 (golden line, 2.7 km, about 7 min drive) and District 1 near High Speed Rail line (golden line, 2.9 km, about 8 min drive). Most residents will drive or take a taxi to the metro.

  • District 1Golden line · 2.7 km · about 7 min drive
  • District 1 near High Speed Rail lineGolden line · 2.9 km · about 8 min drive
  • Dubai SquareBlue line · 3.9 km · about 10 min drive
  • Nad Al ShebaGolden line · 4.1 km · about 10 min drive
  • Burj Khalifa RoadGolden line · 4.3 km · about 11 min drive
  • Ras Al Khor StationBlue line · 4.7 km · about 11 min drive

Shopping and groceries near The Terraces N

The closest is Spinneys / south bridge downtowne Dubai, 3.6 km from The Terraces N (about 9 min drive).

  • Spinneys / south bridge downtowne DubaiSupermarket · 3.6 km · about 9 min drive
  • Dubai MallShopping Mall · 3.9 km · about 10 min drive
  • Spinneys / EMAAR Boulevard, Downtown DubaiSupermarket · 4.2 km · about 10 min drive
  • Al Maya / 8 Boulevard Walk, Downtown DubaiSupermarket · 4.4 km · about 11 min drive
  • Al Maya / Murooj Rotana, Murooj ComplexSupermarket · 4.5 km · about 11 min drive

Restaurants and hotels near The Terraces N

The closest is Shiba Restaurant, 2.5 km from The Terraces N (about 7 min drive).

  • Shiba RestaurantRestaurant · 2.5 km · about 7 min drive
  • Meydan HotelHotel · 2.7 km · about 7 min drive
  • Radisson Blu Hotel, Dubai DowntownHotel · 2.9 km · about 8 min drive
  • Al Manzil HotelHotel · 3.8 km · about 10 min drive
  • The Address HotelHotel · 3.8 km · about 10 min drive

Hospitals and clinics near The Terraces N

The closest is The City Hospital, 6 km from The Terraces N (about 14 min drive).

  • The City HospitalHospital · 6 km · about 14 min drive
  • Tower ClinicHospital · 6 km · about 14 min drive
  • Al Amal HospitalHospital · 6.1 km · about 14 min drive
  • German Medical Center Fz L.L.CHospital · 6.2 km · about 14 min drive
  • The Creek Hospital DubaiHospital · 6.3 km · about 15 min drive

Parks and leisure near The Terraces N

The closest is Meydan Grandstand and Racecourse, 2.5 km from The Terraces N (about 7 min drive).

  • Meydan Grandstand and RacecourseStadium · 2.5 km · about 7 min drive
  • Meydan TheatreTheatre House · 2.6 km · about 7 min drive
  • Meydan Tennis AcademySports Academy · 3.1 km · about 8 min drive
  • Falcon Heritage and Sports CentreSports Academy · 3.5 km · about 9 min drive
  • Falcon Centre and Cultural SportsSports Academy · 3.5 km · about 9 min drive

Schools near The Terraces N

The nearest is North London Collegiate School Middle East L.L.C - FZ, 0.5 km away. Ratings are the KHDA's latest inspection grades.

  • North London Collegiate School Middle East L.L.C - FZInternational Baccalaureate · KHDA: Very good · 0.5 km
  • Hartland International School - FZUK - International Baccalaureate - UK/IB · KHDA: Very good · 0.6 km
  • Bilingual French International School L.L.C-FZFrench · KHDA: Not inspected due to COVID 19 · 3.1 km
  • Rashid and Latifa SchoolUK · KHDA: Not inspected yet · 3.3 km
  • Swiss International Scientific School FZ-LLCInternational Baccalaureate · KHDA: Not inspected due to COVID 19 · 4 km
  • Jebel Ali School (Br of Taaleem Management (L L C))UK · KHDA: Very good · 4.6 km

Other buildings in Al Merkadh

Al Merkadh has 155 buildings. A few others to compare The Terraces N with:

All 155 Al Merkadh buildings →

Things to consider about The Terraces N

In its favour

  • Owners who resold have made money: a median gain of up to 7%.
  • A median gross yield of 6.8% on recent sales.
  • Ready to move into or let, with no construction risk.
  • Several schools within 3 km.

Worth checking

  • Few sales each year, so a resale can take longer and prices move on a handful of deals.
  • The nearest running metro station is 5 km away, so a car helps.

Specialists

Brokers who know The Terraces N

These brokers handle sales and lettings in The Terraces N and can tell you what is available now.

FAQs

The Terraces N: questions answered

The Terraces N was developed by Bolton in Al Merkadh.

The Terraces N is completed in Q4 2022.

Across its 20 most recent registered sales, The Terraces N sold for a median of AED 1,937 per sq ft and AED 2.6M per unit.

Recent yearly contracts in The Terraces N have a median rent of AED 147.5K.

The median gross yield on recently sold units in The Terraces N is 6.8%: the rent the unit earned over its purchase price, before costs.

The 2026 service charge for residential units in The Terraces N is AED 18.22 per sq ft a year, as registered with the Dubai Land Department.

The Terraces N has 1 Bed (700 to 1,170 sq ft), 2 Beds (1,120 to 2,860 sq ft), 3 Beds (1,720 to 3,200 sq ft).

District 1 is about 2.7 km from The Terraces N.

The nearest schools include North London Collegiate School Middle East L.L.C - FZ (0.5 km), Hartland International School - FZ (0.6 km), Bilingual French International School L.L.C-FZ (3.1 km).

Buying, selling or renting in The Terraces N?

A broker who works Al Merkadh will tell you what is available and what comparable homes went for.

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