DISTRESS DEAL: 1-BR IN ILUKA RESIDENCES

OVERVIEW

 

This 1-BR in Iluka Residences is a new Distress Deal at AED 1,830,000. The source listing shows an original price plus DLD of AED 2,266,732, so the current asking price is AED 436,732 lower and 19.3% below original price plus DLD. The unit is recorded as Apartment, with 850 sq.ft. Handover is listed as Q1 2027.

 

 

LOCATION & TRANSPORT

 

Iluka Residences is positioned in Dubai Islands, with Propsearch coverage recorded at https://propsearch.ae/dubai/iluka-by-ms-homes. 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 MS Homes 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 2,153 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 740,225 payable to the seller, with transfer-side costs of AED 73,240 DLD, AED 5,250 trustee fee and AED 38,430 buyer's agent commission including VAT. Total on transfer is AED 857,145. The remaining developer payment plan totals AED 1,089,775, with 2 instalment rows recorded from the source payment-plan image. Total buyer cost is AED 1,946,920.

 

 

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 Iluka Residences 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.