EXECUTIVE SUMMARY
Investment Analysis: Distress Deal in Samana Ocean Pearl
This investment opportunity is a distressed asset located in Samana Ocean Pearl, featuring a 4-bedroom unit with a pool.
The property's asking price is AED 3,380,000, which reflects a discount of 18% from the original price of AED 4,120,000.
The calculated price per sq. ft. is as follows:
Price per sq. ft.: AED 1711.39
The discount offers a potential for capital appreciation, making it a compelling opportunity in the current market.
The reasonable price per sq. ft. may also contribute to favorable rental yields, an important consideration for investors focusing on income generation.
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PAYMENT PLAN
UNIT PRICE | AED 3,380,000 |
PAYMENTS ON TRANSFER
1. Payment to seller | AED 3,340,376 |
2. DLD Transfer fee 4% + 40 AED | AED 135,240 |
3. DLD Registration Trustee fee + 5% VAT | AED 5,250 |
4. Buyer's agent commission 2% + 5% VAT | AED 70,980 |
PAYMENT PLAN SCHEDULE
01/07/2027 | AED 39,624 |
SUMMARY
Total on Transfer | AED 3,551,846 |
Total remaining Payment Plan | AED 39,624 |
TOTAL COST FOR BUYER | AED 3,591,470 |
PROJECT DESCRIPTION
Overview
Ocean Pearl is a mid-rise residential development located on Dubai Islands in Deira, Dubai, United Arab Emirates. The project comprises an eight-storey residential building currently under development and forms part of the wider Dubai Islands master plan overseen by Nakheel. The development is being executed by Samana Holding Ltd through its subsidiary Samana Star Real Estate Development, with architectural consultancy provided by Arec Engineering Consult. Ocean Pearl is situated within the Palm Deira master development area and contributes to the ongoing transformation of Dubai's historic northern waterfront into a mixed-use coastal district. The project is designed as a residential building with multiple levels of apartments and rooftop amenities oriented toward the surrounding waterfront setting. The estimated completion date for the development is December 2026. At the time of its initial sales launch, units were reported to start from AED 1,600,000 according to publicly available development information.
Building Structure and Architecture
The building is designed as an eight-storey mid-rise residential structure containing a mix of apartment types. Residential layouts within Ocean Pearl include one-bedroom, two-bedroom and three-bedroom apartments, along with larger penthouse units. The architectural concept incorporates a nautical design theme consistent with its position within the Dubai Islands waterfront environment. The development incorporates floor-to-ceiling windows throughout residential units in order to maximise natural light and external views. Interior specifications include European solid core doors with black matte handles, as well as kitchens fitted with soft-close cabinetry mechanisms and Spanish porcelain tile countertops and backsplashes. These design elements are intended to align with contemporary mid-range residential construction standards typical of recently launched developments within Dubai's coastal master communities.
Amenities and Facilities
Ocean Pearl will offer a range of communal amenities distributed within the building and rooftop areas. Planned facilities include private pools associated with selected residential units, as well as shared recreational amenities. Outdoor leisure infrastructure will include cabanas, shaded seating areas and sun loungers. The development will also incorporate outdoor fitness facilities designed to support recreational activity within landscaped common spaces. Indoor amenities include a fully equipped gymnasium and a children's playground area intended for family-oriented use. These amenities reflect typical leisure features present in contemporary residential buildings within the Dubai Islands master development, many of which are designed to attract both residents and investment buyers seeking coastal property access.
Development Timeline and Construction
The Ocean Pearl development entered its initial planning and regulatory stages in 2024. Government tracing documentation indicates a first trace record from June 2024. Construction activity is scheduled to commence following the design and enabling stages, with an estimated construction period extending through to December 2026. Early foundation works on the project have been undertaken by Geo Foundation Group, a specialist contractor responsible for groundwork and structural foundations. The project value recorded with the Dubai Land Department is approximately AED 45,425,000, equivalent to roughly USD 12.4 million at prevailing exchange rates. Construction progress updates reported in industry sources indicate that development activity on Dubai Islands continues as part of a broader infrastructure programme coordinated by master developer Nakheel.
Location within Dubai Islands
Ocean Pearl is positioned within Dubai Islands, a coastal master development located off the Deira mainland. Dubai Islands, previously known as Palm Deira during earlier phases of planning, is being developed as a mixed-use district consisting of residential, hospitality, retail and leisure components distributed across a series of islands connected by bridges and road infrastructure. The Ocean Pearl building site lies within the Palm Deira area and benefits from proximity to planned waterfront promenades, beaches and hospitality developments being introduced across the islands. The surrounding district forms part of the historical Deira region, one of Dubai's earliest urban centres and a long-established commercial area located along Dubai Creek.
Transport Connectivity
Ocean Pearl is accessible by road from the Deira mainland via the Dubai Islands bridge connection. Road connectivity provides links to major transport corridors including Al Khaleej Road and the wider Dubai road network. Estimated travel times by car place the development approximately 24 minutes from Dubai Mall in Downtown Dubai, around 36 minutes from Palm Jumeirah, and roughly 35 minutes from Burj Al Arab. The Walk at Jumeirah Beach Residence is accessible in approximately 40 minutes by car during typical traffic conditions. Dubai International Airport is located approximately 22 minutes away by road, making the development relatively accessible to the emirate's main international aviation hub. Al Maktoum International Airport, located in Dubai South, is approximately 59 minutes away by car depending on route and traffic conditions.
Nearby Landmarks and Infrastructure
The surrounding area contains a combination of historic cultural landmarks and modern leisure infrastructure. Nearby attractions include Dubai Heritage Village and the Dubai Museum located in the Al Fahidi historical district, both of which form part of the wider Dubai Creek heritage zone. Recreational amenities within driving distance include Dubai Islands Beach located approximately 1.8 kilometres away and Al Mamzar Beach Park situated roughly 4.1 kilometres away along the northern coastline. Golf facilities accessible from the development include Dubai Creek Golf and Yacht Club located approximately 6.5 kilometres away and Al Badia Golf Club located roughly 10.6 kilometres away. Retail and entertainment venues such as Vox Cinemas at City Centre Al Shindagha and BurJuman Mall are reachable within several kilometres of the site.
Education and Hospitality Facilities
A number of educational institutions are located within several kilometres of the Ocean Pearl site. Nearby schools include The Elite English School in Al Waheda approximately 2.6 kilometres away, Al Ittihad Private School Mamzar around 2.8 kilometres away, and Sabari Indian School located roughly 2.9 kilometres away. Additional schools in the surrounding districts include Little Flower English School in Hor Al Anz. Hospitality facilities located near the project include Centara Mirage Beach Resort Dubai approximately 1.1 kilometres away, Hyatt Regency Dubai approximately 2.6 kilometres away, and several hotels located within the Deira waterfront redevelopment corridor. These hospitality venues contribute to the broader tourism and leisure infrastructure evolving across the Dubai Islands area.
Market Context and Distressed Asset Classification
Within the context of Dubai's residential property market, this unit is categorised as a distressed asset due to its pricing being significantly below comparable market valuations within the surrounding Dubai Islands and Deira waterfront districts. Distressed property classifications typically arise when sellers need to dispose of property quickly or when pricing adjustments are made relative to prevailing market benchmarks. Such classification does not necessarily reflect the physical condition of the asset but rather indicates a financial or transactional circumstance resulting in below-market pricing conditions. Investors and purchasers typically analyse distressed listings using transactional data from the Dubai Land Department and related development performance metrics.
Urban Context and Future Development
The Dubai Islands master plan forms part of Dubai's long-term coastal urban expansion programme. The development aims to introduce residential communities, tourism facilities, beaches and retail hubs distributed across multiple interconnected islands. As infrastructure and residential developments continue to be delivered within the master plan, developments such as Ocean Pearl contribute to increasing residential density along the northern coastline. The integration of waterfront residential buildings, hospitality resorts and recreational facilities reflects the wider urban planning strategy for the Deira waterfront redevelopment corridor. Ocean Pearl therefore represents a component of a broader wave of residential construction underway within Dubai Islands, designed to support long-term population growth and tourism activity in northern Dubai.