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PAYMENT PLAN
UNIT PRICE | AED 1,740,000 |
PAYMENTS ON TRANSFER
1. Payment to seller | AED 480,177 |
2. DLD Transfer fee 4% + 40 AED | AED 69,640 |
3. DLD Registration Trustee fee + 5%VAT | AED 5,250 |
4. Buyer's agent commission 2% + 5%VAT | AED 36,540 |
PAYMENT PLAN SCHEDULE
On or Before 240 Days | AED 89,991 |
On or Before 360 Days | AED 89,991 |
On completion of thirty percent (30%) construction of the Project | AED 89,991 |
On completion of forty percent (40%) construction of the Project | AED 89,991 |
On completion of fifty percent (50%) construction of the Project | AED 89,991 |
On completion of sixty percent (60%) construction of the Project | AED 89,991 |
On completion of construction of the Project | AED 719,877 |
SUMMARY
Total on Transfer | AED 591,607 |
Total remaining Payment Plan | AED 1,259,823 |
TOTAL COST FOR BUYER | AED 1,851,430 |
PROJECT DESCRIPTION
OVERVIEW
This 1-BR in Belmore Residence is a new Distress Deal at AED 1,740,000. The source listing shows an original price plus DLD of AED 1,871,821, so the current asking price is AED 131,821 lower and 7.0% below original price plus DLD. The unit is recorded as Apartment, with 846 sq.ft. Handover is listed as Q3 2027.
LOCATION & TRANSPORT
Belmore Residence is positioned in Meydan, with Propsearch coverage recorded at https://propsearch.ae/dubai/belmore-residences. The location should be reviewed in the context of the wider Dubai road network, the surrounding master community and the project's handover timing. For buyers, the key question is whether the entry price gives enough margin against comparable inventory in the same district, especially where the source listing is off-plan rather than ready for immediate occupancy. The location score should therefore be read alongside access, community maturity, likely handover liquidity and the depth of comparable stock available before completion.
AMENITIES & SURROUNDING
The source listing identifies the developer as Ellington and records the asset type as Apartment. Amenity and lifestyle value should be assessed through the Propsearch project page and the original distressonly.deals media before publication images are selected manually. This listing has been created without automated hero or floorplan image selection, so the visual presentation remains subject to Stephen's manual image review. The written record is intentionally financial-first: the media, floorplan and project imagery should confirm the unit positioning before the listing is treated as front-end complete.
MARKET
At AED 2,057 per sq.ft, the current price gives a clear basis for comparison against nearby off-plan and resale stock. The payment-plan image shows AED 480,177 payable to the seller, with transfer-side costs of AED 69,640 DLD, AED 5,250 trustee fee and AED 36,540 buyer's agent commission including VAT. Total on transfer is AED 591,607. The remaining developer payment plan totals AED 1,259,823, with 7 instalment rows recorded from the source payment-plan image. Total buyer cost is AED 1,851,430.
CONCLUSION
This listing should be reviewed as a value-led distress opportunity rather than a generic project listing. The discount, payment timing, unit size and handover date are the main decision points. If the manual image review confirms that the project and floorplan media are suitable, the listing gives buyers a concise way to compare Belmore Residence against similar stock while keeping the original distressonly.deals source link available for verification. The best buyer fit is someone who values a documented discount, understands the remaining payment exposure and is comfortable completing final image and project checks before committing. That keeps the listing concise, consistent and focused on the numbers that matter most for buyer review.