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PAYMENT PLAN
UNIT PRICE | AED 850,000 |
PAYMENTS ON TRANSFER
1. Payment to seller | AED 255,000 |
2. DLD Transfer fee 4% + 40 AED | AED 34,040 |
3. DLD Registration Trustee fee + 5% VAT | AED 5,250 |
4. Buyer's agent commission 2% + 5% VAT | AED 17,850 |
PAYMENT PLAN SCHEDULE
30% after 6 months | AED 255,000 |
40% after 12 months | AED 340,000 |
SUMMARY
Total on Transfer | AED 312,140 |
Total remaining Payment Plan | AED 595,000 |
TOTAL COST FOR BUYER | AED 907,140 |
PROJECT DESCRIPTION
OVERVIEW
This 1-bedroom apartment in Peace Lagoons is a new Distress Deal at AED 850,000. The source listing shows an original price plus DLD of AED 1,040,000, so the current price is AED 190,000 lower and 18.3% below original price plus DLD. The unit measures 814 sq.ft, which places it at AED 1,044 per sq.ft. It is listed on a high floor with lagoon view, balcony, pool access and semi-furnished status, including built-in appliances, a designer kitchen table and bedroom wardrobes with lighting. Handover is listed for Q1 2028.
LOCATION & TRANSPORT
Peace Lagoons sits in Dubai Land Residence Complex, within Wadi Al Safa 5 in DubaiLand. This is a developing residential district with apartment inventory aimed at buyers who want a lower entry point than prime waterfront or central Dubai locations, while still remaining connected to the wider Dubai road network. The location is most relevant to buyers comparing off-plan value, future handover timing and amenity-led communities rather than those needing immediate occupancy in an established mature district.
AMENITIES & SURROUNDING
Propsearch records Peace Lagoons as an 18-storey residential building under development by Peace Homes Development, with a mix of studios, one-bedroom and two-bedroom apartments. The wider concept is positioned around resort-style living and a lagoon-led amenity story. The amenity deck is described with leisure features including a sand area, beach volleyball court and children's play space. For this unit, the source listing highlights a lagoon view, balcony and pool, which makes the water-facing lifestyle angle the main buyer hook.
MARKET
The financial profile is straightforward: AED 850,000 asking price, AED 1,040,000 original price plus DLD, AED 190,000 stated discount and an 18.3% discount position. The payment plan image shows AED 255,000 payable to the seller on transfer, with remaining developer instalments of AED 255,000 after 6 months and AED 340,000 after 12 months. Transfer-side costs are AED 34,040 DLD transfer fee, AED 5,250 trustee fee and AED 17,850 buyer's agent commission including VAT. That gives AED 312,140 total on transfer, AED 595,000 remaining payment plan and AED 907,140 total buyer cost. For an investor, the appeal is not just the headline discount, but the low initial transfer requirement against a 2028 handover.
CONCLUSION
This Peace Lagoons Distress Deal gives buyers a compact 1-bedroom lagoon-view apartment at AED 850,000, with a clear 18.3% discount against the original price plus DLD and a structured remaining payment plan. It should suit buyers looking for a lower-ticket off-plan entry in Dubai Land Residence Complex, especially if they value the high-floor position, lagoon outlook and resort-style amenity package. The key review points are the 2028 handover date, the developer track record and whether the district's rental demand matures in line with completion.