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DISTRESS DEAL: 6-BR IN MALDIVES 5

Original Price: AED 7,314,320

Asking Price: AED 6,330,000

13.5% Below O.P.

Size: 4,439 sq.ft

Developer: Damac

Location: Damac Islands

Completion Date: Q4 2028

Distress deal hero image for Maldives 5 by Damac in Damac Islands (Villa).

AED 1,426

Per Sq. Ft.

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Distress deal floorplan for 6-BR in Maldives 5, Damac Islands (4,439 sq.ft; Villa).
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PAYMENT PLAN

UNIT PRICE

AED 6,330,000


PAYMENTS ON TRANSFER


1. Payment to seller

AED 2,180,530

2. DLD Transfer fee 4% + 40 AED

AED 253,240

3. DLD Registration Trustee fee + 5%VAT

AED 5,250

4. Buyer's agent comission 2% + 5%VAT

AED 132,930


PAYMENT PLAN SCHEDULE


05-JUN-2026

AED 70,330

05-JUL-2026

AED 70,330

05-AUG-2026

AED 70,330

05-SEP-2026

AED 70,330

05-OCT-2026

AED 351,650

05-NOV-2026

AED 70,330

05-DEC-2026

AED 70,330

05-JAN-2027

AED 70,330

05-FEB-2027

AED 70,330

05-MAR-2027

AED 70,330

05-APR-2027

AED 351,650

05-MAY-2027

AED 70,330

05-JUN-2027

AED 70,330

05-JUL-2027

AED 70,330

05-AUG-2027

AED 70,330

05-SEP-2027

AED 70,330

05-OCT-2027

AED 70,330

05-NOV-2027

AED 70,330

05-DEC-2027

AED 70,330

05-JAN-2028

AED 70,330

05-FEB-2028

AED 70,330

05-MAR-2028

AED 70,330

05-APR-2028

AED 70,330

05-MAY-2028

AED 70,330

05-JUN-2028

AED 70,330

05-JUL-2028

AED 70,330

On Completion

AED 1,758,250


SUMMARY


Total on Transfer

AED 2,571,950

Total remaining Payment Plan

AED 4,149,470

TOTAL COST FOR BUYER

AED 6,721,420


GOT QUESTIONS?

PROJECT DESCRIPTION

OVERVIEW

 

This 6-br in Maldives 5 is being offered as a Distress Deal at AED 6,330,000. Against the AED 7,314,320 original price plus DLD basis, the current pricing shows a 13.5% below original price discount. The unit is by Damac, recorded at 4,439 sqft, and carries a stated handover of Q4 2028. That combination matters because it gives the buyer a live basis to underwrite today rather than a vague launch narrative: the deal has to stand on the numbers, the product type and the remaining run-in to completion.

 

 

LOCATION & TRANSPORT

 

Maldives 5 is another Damac Islands product, but at this size the buyer profile shifts upward into larger family-villa territory. The location logic is still suburban and road-led, yet the underwriting becomes more nuanced because high-ticket villas depend not just on community branding but also on the quality of plot planning, privacy and the eventual standing of the wider masterplan against competing villa communities.

 

 

AMENITIES & SURROUNDING

 

For a 6-bedroom house, shared amenities are supportive rather than decisive. What matters more is that the project sits inside a coherent, aspirational community environment with enough landscaping, leisure provision and family infrastructure to justify the jump from townhouse-level pricing into larger-format villa ownership. If that environment is delivered well, it can materially strengthen resale confidence.

 

 

MARKET

 

At AED 1,426 per sq.ft on 4,439 sq.ft, this listing enters the conversation with other newly launched family villas rather than with ordinary suburban stock. The 13.5% discount is significant because the absolute saving is large and because villa buyers at this ticket size care deeply about basis discipline. With handover expected in Q4 2028, the buyer is still carrying a meaningful construction timeline, so the commercial case rests on whether the current entry point is strong enough to justify that wait relative to alternative luxury-family communities. Buyers should also compare the current basis against the strongest competing stock in the same district before allowing for transfer costs, payment-plan exposure and the likely depth of end-user demand at handover. Buyers should also compare the current basis against the strongest competing stock in the same district before allowing for transfer costs, payment-plan exposure and the likely depth of end-user demand at handover. Buyers should also compare the current basis against the strongest competing stock in the same district before allowing for transfer costs, payment-plan exposure and the likely depth of end-user demand at handover.

 

 

CONCLUSION

 

This Maldives 5 record deserves attention because it combines meaningful size, a visible absolute saving and a product type that can perform well if the wider community lands properly. At AED 6,330,000 for 4,439 sq.ft, it is not a mass-market buy, but the discount gives the buyer a stronger starting position than the original stack provided.

 

 

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