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PAYMENT PLAN
UNIT PRICE | AED 1,395,000 |
PAYMENTS ON TRANSFER
1. Payment to seller | AED 720,520 |
2. DLD Transfer fee 4% + 40 AED | AED 55,840 |
3. DLD Registration Trustee fee + 5% VAT | AED 5,250 |
4. Buyer's agent commission 2% + 5% VAT | AED 29,295 |
PAYMENT PLAN SCHEDULE
On Handover | AED 674,480 |
SUMMARY
Total on Transfer | AED 810,905 |
Total remaining Payment Plan | AED 674,480 |
TOTAL COST FOR BUYER | AED 1,485,385 |
EXECUTIVE SUMMARY
Investment Summary
Project: DISTRESS DEAL: 1.5-BR IN SOBHA ONE - TOWER A
Asking Price: AED 1,395,000
Original Price: AED 1,664,000
Property Size: 733 sq.ft
Discount: 16.2%
Price Analysis
Price per sq. ft.: AED 1903.69
Investment Insights
The property presents a 'distress deal', potentially offering substantial capital appreciation. The reduced price offers an attractive entry point for investors targeting significant future yield.
PROJECT DESCRIPTION
Overview
Sobha One is a multi building residential complex under development in Ras Al Khor Industrial Area 1, Dubai. The project consists of five towers identified as Towers A, B, C, D and E with varying heights of approximately 66, 54, 48 and 36 storeys. The development is being undertaken by Sobha Realty through Sobha Capital LLC, with architectural consultancy by PNC Architects and main contracting works delivered by Sobha Contracting. The estimated handover timeline is June 2026. The scheme forms part of a wider transformation of Ras Al Khor into a mixed use residential and commercial corridor positioned between Dubai Creek Harbour, Meydan and central Dubai districts.
The property addressed in this listing is classified as a distressed asset on the basis of its below market pricing relative to comparable units within the same development and surrounding communities. This classification reflects pricing dynamics rather than physical or legal deficiencies and is typically associated with motivated sellers or early stage transaction positioning within off plan developments.
Location
Sobha One is located within Ras Al Khor Industrial Area 1, an area situated east of Dubai Creek and in proximity to key master developments including Dubai Creek Harbour and Mohammed Bin Rashid City. The location places the project within a transitional urban zone undergoing redevelopment from light industrial usage to residential and mixed use schemes. The surrounding districts include Sobha Hartland to the south west, Meydan to the south, and Al Jaddaf and Dubai Healthcare City Phase 2 to the north.
Nearby landmarks include Ras Al Khor Wildlife Sanctuary approximately 1.5 kilometres away, Dubai Festival City at around 4.5 kilometres, and Jameel Arts Centre at approximately 5.2 kilometres. The development is positioned within driving distance of Dubai Mall and Downtown Dubai, providing access to major retail, commercial and tourism infrastructure.
Transport and Connectivity
Road connectivity is facilitated primarily through Al Khail Road and Ras Al Khor Road, which provide direct links to central Dubai and peripheral residential districts. From the project location, estimated travel times include approximately 16 minutes to Dubai Mall, 27 minutes to Palm Jumeirah, 25 minutes to Burj Al Arab and around 30 minutes to Jumeirah Beach Residence.
Dubai International Airport is located roughly 15 minutes by car, while Al Maktoum International Airport is approximately 42 minutes away. Public transport connectivity is evolving, with nearby metro access available via stations in Al Jaddaf and Dubai Healthcare City, supplemented by bus routes serving industrial and residential clusters.
Building and Design Characteristics
The development comprises five high rise residential towers with a combined architectural composition intended to deliver multi phase occupancy. Storey counts vary between towers, creating a staggered skyline profile. The project has achieved Green Mark Platinum Super Low Energy certification from Singapore,s Building and Construction Authority, indicating compliance with advanced sustainability and energy efficiency benchmarks.
The residential offering consists primarily of apartments in one, two and three bedroom configurations, with layouts distributed across the five towers. Parking provisions are integrated within podium and basement levels, and the project is designed to include shared amenities distributed across landscaped podium areas.
Market Position and Transactions
Transaction data recorded by the Dubai Land Department indicates ongoing off plan sales activity within Sobha One, including one bedroom and two bedroom apartments transacting within a range that reflects early stage pricing relative to future supply. Price per square foot figures have been recorded in the range of approximately AED 2,095 to AED 2,620 depending on unit specification, tower and timing of transaction.
As a distressed asset, the subject unit is positioned below prevailing market benchmarks within the same development. This differential may arise from seller liquidity requirements, assignment conditions or timing pressures and should be assessed in relation to comparable unit types and transaction records within Ras Al Khor and adjacent districts.
Infrastructure and Nearby Amenities
The surrounding infrastructure includes retail centres such as Dubai Festival City Mall, educational institutions including Swiss International Scientific School Dubai and North London Collegiate School Dubai, and healthcare facilities within Dubai Healthcare City Phase 2. Nearby parks include Hartland Greens East Park and Creek Island Central Park, both located within a three kilometre radius.
Hospitality infrastructure is well represented by nearby hotels such as Vida Creek Beach, Palace Dubai Creek Harbour and Address Grand Creek Harbour. Recreational facilities include The Track Meydan Golf and Dubai Creek Golf and Yacht Club, while cinema and entertainment options are available at Dubai Festival City and Business Bay locations.
Urban Context
Ras Al Khor Industrial Area 1 is undergoing gradual redevelopment with a shift toward mixed use residential and commercial projects. Proximity to Dubai Creek Harbour positions Sobha One within a corridor expected to benefit from long term infrastructure upgrades and waterfront oriented development. Adjacent communities such as Sobha Hartland and Meydan provide additional residential supply, contributing to a broader urban cluster within Mohammed Bin Rashid City.
The presence of Ras Al Khor Wildlife Sanctuary introduces an environmental buffer zone, influencing land use patterns and limiting high density construction in certain areas while providing ecological value to the district.
Construction and Timeline
Construction commenced following planning and design stages initiated around 2022, with full scale building activity underway thereafter. The development timeline anticipates phased progress across the five towers with completion targeted for June 2026. Construction milestones reflect ongoing structural and facade work as of recent updates.
The project is financed through a combination of debt and equity, aligning with standard development practices for large scale residential schemes in Dubai.
Conclusion
Sobha One represents a multi tower residential development within a transitioning industrial district in Dubai, with proximity to major infrastructure, educational institutions and leisure destinations. The subject unit, identified as a distressed asset due to below market pricing, provides a case study in pricing variation within off plan environments. The property should be evaluated with reference to location dynamics, transport connectivity, development specifications and prevailing transaction data within Ras Al Khor and neighbouring communities.