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PAYMENT PLAN
UNIT PRICE | AED 1,635,000 |
PAYMENTS ON TRANSFER
1. Payment to seller | AED 814,729 |
2. DLD Transfer fee 4% + 40 AED | AED 65,440 |
3. DLD Registration Trustee fee + 5% VAT | AED 5,250 |
4. Buyer's agent commission 2% + 5% VAT | AED 34,335 |
PAYMENT PLAN SCHEDULE
40% Construction | AED 91,141 |
50% Construction | AED 91,141 |
60% Construction | AED 91,141 |
On Handover | AED 546,848 |
SUMMARY
Total on Transfer | AED 919,754 |
Total remaining Payment Plan | AED 820,271 |
TOTAL COST FOR BUYER | AED 1,740,025 |
ABOUT THIS DEAL
PROJECT DESCRIPTION
OVERVIEW
This 1-bedroom apartment in The Quayside is being offered as a Distress Deal at AED 1,635,000, following the latest price reduction. Against the AED 1,895,742 original price plus DLD, the current price shows a 13.8% discount and a saving of AED 260,742. The unit measures 769 sq.ft, sits on the 4-8 floor band, and has a community view with balcony and parking. Handover is listed for Q4 2026, giving the buyer a relatively short remaining off-plan window before completion.
LOCATION & TRANSPORT
The Quayside sits directly on the Dubai Water Canal in Business Bay, one of Dubai's most central mixed-use districts immediately south of Downtown Dubai. The location gives access to Marasi Drive, Al Khail Road and Sheikh Zayed Road, with Downtown Dubai, DIFC, City Walk and Sobha Hartland all forming part of the nearby urban catchment. Business Bay Metro Station and the canal-side pedestrian network add useful non-car connectivity for tenants and owner-occupiers, while the wider district remains one of Dubai's deepest rental markets for professional tenants.
AMENITIES & SURROUNDING
The Quayside is a 20-storey Ellington Properties development through Quayside Developers, with construction recorded from September 2023 and handover scheduled for Q4 2026. The building includes studio, one-, two- and three-bedroom apartments, with architectural design by LACASA Architects and Engineering Consultants. Amenities include a swimming pool, children's pool, fitness studio, spa facilities, clubhouse, indoor play area, cabanas, outdoor dining areas, landscaped terraces, a lobby lounge and a zen room. The design-led Ellington positioning is important because canal-front Business Bay stock can vary sharply in quality and buyer perception.
MARKET
At AED 2,126 per sq.ft on 769 sq.ft, the revised entry price is materially sharper than the previous AED 2,256 per sq.ft position. Business Bay one-bedroom apartments commonly sit in the AED 2,000 to AED 2,700 per sq.ft range, with Ellington-branded, canal-front stock typically commanding a premium for design quality and location. Gross rental yields on one-bedroom apartments across Business Bay have historically tracked around 6-7%, implying an indicative annual rental range of roughly AED 104,000 to AED 121,000 against the current asking price. The developer installment schedule remains unchanged; the price reduction improves the seller-transfer side and total acquisition basis. Because the unit is approaching handover, the buyer is not taking the same long construction risk as an early-stage launch, which makes the discount easier to underwrite.
CONCLUSION
This Quayside Distress Deal offers a 769 sq.ft 1-bedroom apartment at AED 1,635,000, with a 13.8% saving against the original-plus-DLD price. The appeal is a cleaner discounted entry into a design-led Business Bay tower, close to Downtown and the canal, with a short handover timeline and a rental market supported by professional tenants, owner-occupiers and a secondary short-let thesis. For investors, the key point is simple: the lower entry price creates a better yield and resale basis without changing the remaining developer payment schedule.