Distress Deal
Available when we last checked on 3 August 2026. The asking price shown is the one published when the listing was added on 26 August 2026, -23 days before that check, and it is not re-checked against the market automatically. Confirm availability and price with us before you act on it.
On this page
The numbers
| UNIT PRICE | AED 2,400,000 |
| Original price + DLD 4% | AED 3,064,880 |
| Selling price | AED 2,400,000 |
| Discount | AED 664,880 (21.7%) |
| Developer | Damac |
| Sub-community | Dubai Media City |
| Property type | Apartment |
| Built-up area | 946 sq.ft |
| Price per sq.ft (BUA) | AED 2,537 |
| Floor | (7-15) |
| View | Partial Palm Jumeirah |
| Handover | Q1 2028 |
| Source listing | distressonly.deals/u/6aWQSg — listed 26 August 2026 |
Distress Deal
This one-bedroom apartment in Damac Casa, Dubai Media City, is offered at AED 2,400,000. The source records an original price plus the 4% DLD fee of AED 3,064,880, so the asking figure sits AED 664,880, or 21.7%, below original price. That is one of the two largest reductions in the current group of listings. The apartment measures 946 sq.ft of built-up area, giving an entry basis of AED 2,537 per sq.ft on that built-up area. It occupies the seventh to fifteenth floor band with a partial Palm Jumeirah aspect and carries a balcony. Handover is stated as Q1 2028 and the developer is Damac. A reduction of AED 664,880 in cash on a one-bedroom apartment is unusual, and the outstanding payment profile is the first thing to examine. The floor plan is available on request.
Dubai Media City occupies the coastal strip at Al Sufouh, between Sheikh Zayed Road and the shoreline, directly between Dubai Marina to the south-west and Umm Suqeim to the north-east. It is one of the original free-zone business districts and remains a working commercial quarter rather than a purely residential one, which gives it a settled weekday population and an established service base. Connectivity is a strength: Sheikh Zayed Road runs along the inland edge, the Dubai Tram serves the Media City and Palm Jumeirah stations along Al Sufouh Road, and the tram connects to the metro Red Line at Dubai Marina and Jumeirah Lakes Towers. The Palm Jumeirah causeway is immediately to the south-west, which is what gives the upper floors here their seaward outlook. That combination of tram, metro and beach within one district is uncommon.
Media City sits within a dense band of amenity. The beachfront at Al Sufouh runs along the seaward edge, with Dubai Marina's waterfront dining and retail a short tram ride south-west and the Madinat Jumeirah resort and souk district to the north-east. The free zone itself carries a deep concentration of cafés, restaurants, gyms, clinics and supermarkets serving the weekday office population, and those remain available to residents at evenings and weekends. Knowledge Village and the university campuses lie immediately inland. This apartment sits in a mid-to-upper floor band with a partial Palm Jumeirah aspect and its own balcony. For the building's full facility schedule, the service charge position and the floor plan, please contact us. A tram stop within the district is unusual in this part of the city and is one of the clearer supports for tenant demand at the one-bedroom end of the market.
The 21.7% reduction is measured against the original price plus the 4% DLD registration fee, the basis the source publishes, and it compares the asking figure with what the first buyer committed rather than with current resale evidence. We have not attached a valuation. At AED 2,537 per sq.ft on built-up area, the entry basis is well below what a comparable coastal-strip address would ordinarily command, and the scale of the reduction in cash, AED 664,880, is the headline. A discount of this size on an off-plan resale almost always reflects the seller's own position rather than the asset, so the payment profile matters more here than on any other listing in this group. We hold the schedule and will go through it line by line before an offer.
This suits a buyer who wants a coastal free-zone address with tram and metro connectivity, a partial Palm outlook and the largest cash reduction in the current group, and who is comfortable with a Q1 2028 handover. The 21.7% figure is the reason to look, but it is also the reason to be thorough: the outstanding instalments, the amount already paid by the seller and the sum payable on transfer together determine whether the headline reduction survives contact with the real cost of entry. We will lay all three out before you make an offer, and we will confirm the transfer costs and the seller's position at the same time. For the floor plan, the payment schedule and current availability, please get in touch.
Illustrative model
Set your own assumptions and see how DISTRESS DEAL: 1-BR IN DAMAC CASA behaves as a cash purchase, the same purchase mortgaged, or a capital-only resale.
The date this listing was added to our records. The asking price below is the one published then, and was still -23 days old when we last checked this listing on 3 August 2026. It is not re-checked against the market automatically, so confirm it with us before relying on it.
As stated on this listing: the asking price measured against the original purchase price recorded for this unit. It is not a discount to current market value and not a valuation — a unit priced below what it originally sold for may still be at or above what comparable units achieve today. Check the registered comparables before treating the gap as equity. It is not used in any calculation below.
The asking price divided by the stated size. Compare it against registered sales in the same building before deciding whether the asking price is competitive.
As stated on this listing. Rent cannot start before handover, so on an incomplete unit the early years of the schedule below are holding cost only.
Set service charge, maintenance & management, vacancy allowance above to see cash back — until then this figure would be assuming zero for them.
This is the ROI and IRR denominator: the price plus every cost of getting the keys, not the price alone.
No rental evidence is held for this unit. The rent figure is yours to set — we have not assumed one. Until you enter a gross annual rent, the yield, ROI/ROE and IRR figures reflect capital movement and costs only.
Figures marked “—” need service charge, maintenance & management, vacancy allowance entered above — we do not compute them on an assumed zero.
| Year | Net operating income | Sale proceeds, net | Net cash flow |
|---|---|---|---|
| 0 · today | — | — | −AED 2,546,400 |
| 1 | AED 0 | — | AED 0 |
| 2 | AED 0 | — | AED 0 |
| 3 | AED 0 | — | AED 0 |
| 4 | AED 0 | — | AED 0 |
| 5 | AED 0 | AED 2,349,600 | AED 2,349,600 |
| Years 1–5 | AED 0 | AED 2,349,600 | AED 2,349,600 |
| Less the year-0 outflow of AED 2,546,400 → total profit | −AED 196,800 | ||
Exit at year 5: illustrative sale price AED 2,400,000 less selling costs AED 50,400 = AED 2,349,600 net. The final column is the schedule the IRR is solved from. Rent is held flat in nominal terms — the rent-growth field is at 0% — as is the service charge, so no inflation is assumed on either side. This audit table is arithmetic, so every row must resolve to a number — but service charge, maintenance & management, vacancy allowance are not set above, and the figures here currently assume zero for them. Nothing on this table should be read as a result until you set them; the headline tiles above withhold theirs for exactly this reason.
| Exit growth | Exit price | Total profit | ROI | IRR |
|---|---|---|---|---|
| −5% p.a. | AED 1.86M | — | — | — |
| −3% p.a. | AED 2.06M | — | — | — |
| 0% p.a.your figure | AED 2.40M | — | — | — |
| 3% p.a. | AED 2.78M | — | — | — |
| 5% p.a. | AED 3.06M | — | — | — |
Each row re-runs the whole model with only the exit growth rate changed, over the same 5-year hold. The 0% and negative rows are not a worst case — they are simply what the same purchase returns if prices do not rise. Dubai prices have fallen in the past and can fall again. The return columns are shown as “—” until a gross annual rent is set; the total profit column reflects capital movement, purchase and sale costs and the service charge only.
We’ll send this scenario — your assumptions and the figures they produce — to your inbox.
Set service charge, maintenance & management, vacancy allowance above and we can email you this scenario. Until then every headline figure reads “—”, because the model would otherwise be assuming zero for them — and we publish no figure for them.
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.
DAMAC CASA — Dubai Media City
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