ELPD Developers: when a developer’s new project is far bigger than anything it has built
A developer with a tall tower under construction in Meydan. A large jump in scale is a specific risk, distinct from being new — and it is assessed differently.
Claydon House
Meydan Horizon · ELPD Developers
Project factsheet
Storeys 44
Developer ELPD Developers
Status Under development
District Meydan Horizon
About the building
44-storey residential building in Meydan Horizon. Developer — ELPD Developers.
Specifications for Claydon House per Propsearch and the Dubai Land Department. They describe the whole building, not the individual unit.
About the project
Claydon House is a 44-storey residential building in Meydan Horizon, currently under construction.
The developer is ELPD Developers.
The database currently holds 1 lot in this project, from 1 900 000 AED.
Forty-four storeys, and 825 square feet for AED 1.9 million in Meydan Horizon, Mohammed Bin Rashid City. Price per square foot: 2,303. Under construction.
What it is
Claydon House is a 44-storey residential complex by Ellington Properties in Meydan Horizon, Mohammed Bin Rashid City (propsearch lists the developer under its legal entity, ELPD). Status: under construction.
In our stock, a listing of around 825 square feet is priced at AED 1.9 million — AED 2,303 per square foot.
Meydan Horizon is a separate plot within MBR City from District One, built up with ordinary residential towers.
A neighbouring district with no lagoon premium
MBR City Meydan Horizon in our database has a median of AED 1.9 million — noticeably below the AED 10 million median for District One in the same master plan.
The gap between District One and Meydan Horizon shows how a single local landmark — Crystal Lagoon — props up the price of an entire quarter within one huge master plan.
Claydon House itself is priced at the level of ordinary city projects — AED 2,303 per square foot is comparable to MJL and above JVC.
Ellington is an established premium developer with delivered buildings in Dubai; even so, check the escrow account and how payments are tied to construction milestones rather than relying on the name.
Launch and unit mix
The project launched in March 2024. The developer is Ellington Properties — propsearch lists it under the legal entity ELPD, which is why the name looks unfamiliar in the registers. Units range from one to four bedrooms, with views towards Burj Khalifa and the Ras Al Khor wildlife sanctuary.
Handover was set at launch for Q2 2027. Shared spaces include a landscaped pool, a karaoke room and a games room.
The propsearch factsheet: 44 storeys, developer ELPD Developers (Ellington Properties' legal entity), status "under construction." Our own stock as of 28 August 2026: the project's listing (size, price, price per square foot), and medians for Meydan Horizon and District One, Mohammed Bin Rashid City. Developer, unit mix, views, amenities and handover date — launch announcement, March 2024.
Where it is
Frequently asked about Claydon House
Who is the developer of Claydon House?
ELPD Developers.
How many floors does Claydon House have?
44.
When is Claydon House handed over?
Claydon House is still being built. The handover date of a given unit I verify against its contract before the deal.
Where is Claydon House?
Meydan. The racecourse district: low-density, central, and increasingly the default answer for a house within fifteen minutes of Downtown.
How much does an apartment in Claydon House cost?
The database currently holds 1 lot in this project, from 1 900 000 AED. Prices in the base are live and update every day; ask for the current list for the building before deciding.
In the news
What has been written about the building, its developer and Meydan Horizon
Meydan Horizon: not a project but an urban cluster inside MBR City
The distinction is practical: a cluster has its own master plan, its own infrastructure and its own growth logic. What is planned, how it connects, and what a crystal lagoon does to rents.
Where this project stands today
I will tell you which layouts are available now, what entry really costs and what the people who live in or let the building think of it — no marketing language.
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