Palm Jumeirah AED 3,524/sqftDubai Maritime City AED 3,152/sqftDowntown Dubai AED 2,905/sqftDubai Islands AED 2,770/sqftDubai Creek Harbour AED 2,563/sqftBusiness Bay AED 2,509/sqftDubai Marina AED 2,481/sqftDubai Hills Estate AED 2,448/sqftJumeirah Lakes Towers AED 2,306/sqftMohammed Bin Rashid City AED 2,097/sqftAl Jaddaf AED 2,049/sqftJumeirah Village Triangle AED 1,665/sqftDubai South AED 1,652/sqftArjan AED 1,584/sqftJumeirah Village Circle AED 1,491/sqftDubai Sports City AED 1,328/sqftALL DLD SALES · OFF-PLAN + EXISTINGPalm Jumeirah AED 3,524/sqftDubai Maritime City AED 3,152/sqftDowntown Dubai AED 2,905/sqftDubai Islands AED 2,770/sqftDubai Creek Harbour AED 2,563/sqftBusiness Bay AED 2,509/sqftDubai Marina AED 2,481/sqftDubai Hills Estate AED 2,448/sqftJumeirah Lakes Towers AED 2,306/sqftMohammed Bin Rashid City AED 2,097/sqftAl Jaddaf AED 2,049/sqftJumeirah Village Triangle AED 1,665/sqftDubai South AED 1,652/sqftArjan AED 1,584/sqftJumeirah Village Circle AED 1,491/sqftDubai Sports City AED 1,328/sqftALL DLD SALES · OFF-PLAN + EXISTING
DLD · MEDIAN 12M TO OCT 2026
SoldDISTRESS DEAL: 1-BR IN DAMAC BAY — distress deal in Beachfront from Mitchell's Commercial Real EstateDAMAC BAY · Beachfront

DAMAC · Beachfront

DISTRESS DEAL: 1-BR IN DAMAC BAY

Asking price as listedAED 3,290,000AED 3,777 per sq.ft
Original price + DLDAED 4,323,320
DiscountAED 1,033,32023.9% below original price
Unit
1-BR
Size
871 sq.ft
Developer
DAMAC
Handover
Q4 2027

The discount is measured against the original price + DLD recorded for this unit, not against a valuation.

Sold
Listed 15 March 2026Status confirmed 17 September 2026

This unit has sold. The page is kept as a record of a deal we transacted. Every figure on it — the asking price, the discount to original price and the payment schedule — is the position as listed on 15 March 2026 and is historic. It is not an indication of what the same unit, or a comparable one, would cost today.

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Payment breakdown

Total cost for buyer, as listedAED 3,495,980The unit price plus the transfer fees and commission — the whole commitment, not the headline.
Unit priceAED 3,290,000
Fees and commissionAED 205,980
Step 01Due at transferAED 1,666,900Payable when the unit transfers to the buyer.
  • Payment to sellerAED 1,460,920
  • DLD Transfer fee 4% + 40 AEDAED 131,640
  • DLD Registration Trustee fee + 5% VATAED 5,250
  • Buyer's agent commission 2% + 5% VATAED 69,090
  • Total on transferAED 1,666,900
Step 02Payable to DAMAC after transferAED 1,829,080The balance of the payment plan, which the buyer takes over.
  • 28-FEB-2026AED 166,280
  • 30-MAY-2026AED 166,280
  • 30-AUG-2026AED 166,280
  • 30-NOV-2026AED 166,280
  • 28-FEB-2027AED 166,280
  • 30-MAY-2027AED 166,280
  • On HandoverAED 831,400
  • Total remaining payment planAED 1,829,080

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Layout

Floor plan

Floor plan for DISTRESS DEAL: 1-BR IN DAMAC BAYFloor planView full size

Floor plan

Floor plan for DISTRESS DEAL: 1-BR IN DAMAC BAY

Distress Deal

PROJECT DESCRIPTION

OVERVIEW

This 1-bedroom apartment in DAMAC Bay - Tower B is offered as a distress deal at AED 3,290,000, representing a 23.9% discount from the original price of AED 4,323,320. The unit spans 871 sq.ft, placing the entry price at AED 3,777 per sq.ft. Positioned on a high floor (approximately the 35th), the apartment features a full sea and Palm view with a balcony, and is scheduled for handover in Q4 2027. The payment plan is structured, with a significant portion due on transfer and the remainder spread across scheduled instalments up to handover. The investment thesis here is clear: this is a below-market entry into a branded, sea-facing project in Dubai Harbour, with a payment plan that reduces immediate capital outlay and a discount that provides a buffer against market volatility or future pricing shifts.

LOCATION & TRANSPORT

DAMAC Bay by Cavalli is located in Dubai Harbour, a waterfront district positioned between Dubai Marina and Palm Jumeirah. This area is designed for direct access to the beach and marina, with road connectivity to Sheikh Zayed Road and proximity to key city hubs such as Dubai Marina, JBR, and Media City. Public transport options are developing, but the area is primarily serviced by private vehicles, taxis, and ride-hailing apps. For investors, the location is significant: Dubai Harbour is emerging as a high-profile destination, with ongoing infrastructure improvements and a growing reputation as a lifestyle and tourism hub. The project’s position ensures strong visibility and accessibility, both for long-term residents and short-stay tenants seeking a waterfront address with city connectivity.

AMENITIES & SURROUNDING

DAMAC Bay by Cavalli is a multi-tower complex with interiors designed by the Cavalli fashion brand, giving the project a distinctive identity. Amenities are extensive, including private beach access, multiple swimming pools (including rooftop infinity pools), a spa, fitness facilities, children’s play areas, and unique features such as an 'Opera Pavilion' for live performances and a central synchronised water fountain. The project also offers themed lounges, landscaped gardens, and F&B outlets. The surrounding Dubai Harbour district is being developed with retail, dining, and leisure options, and benefits from proximity to established areas like Dubai Marina and JBR. The overall environment is designed to appeal to residents and visitors seeking a high-amenity, waterfront lifestyle, with the added cachet of branded interiors and curated communal spaces.

MARKET

At an entry price of AED 3,777 per sq.ft, this unit sits at the upper end of Dubai’s apartment market, but this is consistent with branded, sea-facing projects in prime waterfront locations. The 1-bedroom layout with full sea and Palm views is likely to appeal to international buyers, end-users, and investors targeting short-term rental income. The payment plan structure provides flexibility, reducing upfront capital requirements and potentially improving yield calculations. Liquidity for branded, high-floor, sea-view units in Dubai Harbour is expected to be robust, especially as the area matures and more infrastructure comes online. However, investors should be aware of the risks associated with off-plan purchases: construction timelines, future supply in the area, and the need to manage service charges and fit-out costs upon handover. The discount to original price provides a margin of safety, but the final investment outcome will depend on market conditions at completion and the project’s operational performance.

CONCLUSION

This distress deal in DAMAC Bay - Tower B offers a discounted entry into a branded, sea-facing project in one of Dubai’s most anticipated waterfront districts. The combination of a substantial price reduction, a flexible payment plan, and a high-floor position with full sea and Palm views makes the unit attractive for investors seeking exposure to Dubai’s premium residential segment. The main considerations are the off-plan nature of the asset, the evolving infrastructure in Dubai Harbour, and the need to factor in service charges and future market dynamics. For buyers comfortable with these factors, the deal provides a clear value proposition: a below-market acquisition in a project with strong branding, amenity depth, and long-term rental and resale potential.

Location

DAMAC BAY — Beachfront, Dubai

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Illustrative model

Scenario modeller

Set your own assumptions and see how DISTRESS DEAL: 1-BR IN DAMAC BAY behaves as a cash purchase, the same purchase mortgaged, or a capital-only resale.

Purchase

The price you are considering.

Drives the service charge only.

Rent and service charge both start here.

Holding & income

Your figure. We have not assumed one.

0% holds rent flat. It may be negative.

Your figure — we publish none. A month vacant plus re-letting time is roughly 8%, if that fits your building.

Your figure — we publish none. Letting fees and routine repairs.

Your figure — we publish none. Look your building up on Mollak — rates run AED 3 to AED 30+.

Acquisition costs

4% is the Dubai standard.

Buyer-side. 5% VAT added.

Your figure — we publish none. The trustee tariff is tiered and the admin lines vary by office; ask your trustee office for the total, and add your NOC and any legal quote.

Exit

1 to 40 years.

0% by default: we publish no price forecasts.

5% VAT added automatically.

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Method
Handover
The date the unit is handed over, set in quarters from purchase. Gross rent, the vacancy allowance, maintenance and management, and the service charge all start there and not before — an unbuilt unit cannot be let and is not billed. The year handover falls in gets the exact fraction it is entitled to, not a rounded whole year. Capital growth is not treated this way: it compounds from today across the whole hold, because an off-plan unit can be sold before it completes. Where the holding period ends before handover, there is no operating income anywhere in the schedule and the whole return is capital movement less costs.
Gross yield
Gross annual rent ÷ purchase price. Before every cost. Where handover is in the future this is a stabilised full year from handover — a rate on the price, not a figure reduced by the construction period. The schedule shows what each year actually books.
Net yield
(Rent collected after the vacancy allowance − maintenance and management − service charge) ÷ purchase price. Stabilised on the same basis as the gross yield.
Rent growth
Compound annual movement in gross rent, applied from handover and stepping at each anniversary of it, which is when a tenancy renews. It may be negative. It does not touch the service charge, which is held flat in nominal terms.
ROI
Total profit over the whole hold ÷ total cash invested (price + all acquisition costs). Unlevered. Not an annual rate.
ROE
Total profit over the whole hold ÷ equity contributed (deposit + all acquisition and finance costs), after debt service. Levered. Not an annual rate.
Cash-on-cash return
Year-one operating cash flow, after debt service where there is a mortgage, ÷ cash invested. Reported separately from ROI/ROE and never merged with it. Year one means the first year of the schedule as it stands: where that year falls before handover it carries no rent, so on a mortgaged off-plan purchase the figure is negative — that is the year you fund out of pocket, and it is shown rather than smoothed away.
IRR
The annualised rate that discounts the dated cash-flow schedule above to a net present value of zero, solved numerically. Where the schedule has no sign change, or the solver does not converge on a single meaningful rate, we print “—” rather than substitute a simpler annualised-return figure.

An illustrative model, not a forecast, a valuation, an offer or investment advice. Every figure is generated from the assumptions on this page — some yours, the rest stated defaults, not promises. Rents, service charges, fees, vacancy, handover dates, financing terms and sale prices vary by unit and over time; past prices are not a guide to future prices. Returns are not guaranteed and capital is at risk.

Mortgage availability, loan-to-value, rate and term are subject to lender criteria and underwriting; nothing here indicates that finance will be offered. Figures exclude any tax payable in your country of residence — take independent financial, tax and legal advice before committing. Mitchell's Commercial Real Estate is a trading brand; the RERA-licensed broker is Stephen James Mitchell, BRN 68593.

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A discounted unit is bought the same way any other is. The questions are just sharper. These are our own guides and articles on buying from overseas, taking on a resale or an off-plan assignment, and what the purchase costs.

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