Palm Jumeirah AED 3,559/sqftDubai Maritime City AED 3,148/sqftDowntown Dubai AED 2,922/sqftDubai Islands AED 2,769/sqftDubai Creek Harbour AED 2,564/sqftBusiness Bay AED 2,513/sqftDubai Marina AED 2,484/sqftDubai Hills Estate AED 2,447/sqftJumeirah Lakes Towers AED 2,304/sqftMohammed Bin Rashid City AED 2,097/sqftAl Jaddaf AED 2,049/sqftJumeirah Village Triangle AED 1,662/sqftDubai South AED 1,651/sqftArjan AED 1,590/sqftJumeirah Village Circle AED 1,492/sqftDubai Sports City AED 1,328/sqftALL DLD SALES · OFF-PLAN + EXISTINGPalm Jumeirah AED 3,559/sqftDubai Maritime City AED 3,148/sqftDowntown Dubai AED 2,922/sqftDubai Islands AED 2,769/sqftDubai Creek Harbour AED 2,564/sqftBusiness Bay AED 2,513/sqftDubai Marina AED 2,484/sqftDubai Hills Estate AED 2,447/sqftJumeirah Lakes Towers AED 2,304/sqftMohammed Bin Rashid City AED 2,097/sqftAl Jaddaf AED 2,049/sqftJumeirah Village Triangle AED 1,662/sqftDubai South AED 1,651/sqftArjan AED 1,590/sqftJumeirah Village Circle AED 1,492/sqftDubai Sports City AED 1,328/sqftALL DLD SALES · OFF-PLAN + EXISTING
DLD · MEDIAN 12M TO OCT 2026
SoldDISTRESS DEAL: 1-BR IN DAMAC CASA — distress deal in Dubai Media City from Mitchell's Commercial Real EstateDAMAC CASA · Dubai Media City

DAMAC · Dubai Media City

DISTRESS DEAL: 1-BR IN DAMAC CASA

Asking price as listedAED 2,400,000AED 2,537 per sq.ft
Original price + DLDAED 3,064,880
DiscountAED 664,88021.7% below original price
Unit
1-BR
Size
946 sq.ft
Developer
DAMAC
Handover
Q1 2028

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

Sold
Listed 26 August 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 26 August 2026 and is historic. It is not an indication of what the same unit, or a comparable one, would cost today.

Looking for another distressed property deal?

This deal has closed. Tell us the size, area and budget you're working to and a member of the Mitchell's team will come back with the deals that are open now. It takes under a minute, and there's no obligation.

Choose one — the next questions adapt to your answer.

On this page

Quick navigation

The numbers

Payment breakdown

Total cost for buyer, as listedAED 2,573,570The unit price plus the transfer fees and commission — the whole commitment, not the headline.
Unit priceAED 2,400,000
Fees and commissionAED 173,570
Step 01Due at transferAED 1,431,605Payable when the unit transfers to the buyer.
  • Payment to sellerAED 1,258,035
  • DLD Transfer fee (4% of OP + 40 AED)AED 117,920
  • Trustee Office FeeAED 5,250
  • Buyer's Agency Commission (2% + VAT)AED 50,400
  • Total on transferAED 1,431,605
Step 02Payable to DAMAC after transferAED 1,141,965The balance of the payment plan, which the buyer takes over.
  • 20-OCT-2026AED 110,513
  • 20-JAN-2027AED 110,513
  • 20-APR-2027AED 110,513
  • 20-JUL-2027AED 110,513
  • 20-OCT-2027AED 110,513
  • On CompletionAED 589,400
  • Total remaining payment planAED 1,141,965

This unit has sold. Tell us what you are looking for and we will send the deals that are open now.

Show me deals like this one

Unit details

Property type
Apartment
Floor
(7-15)
View
Partial Palm Jumeirah

Layout

Floor plan

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

Floor plan

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

Distress Deal

PROJECT DESCRIPTION

OVERVIEW

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. 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.

LOCATION & TRANSPORT

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.

AMENITIES & SURROUNDING

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.

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 deserves close attention. We hold the schedule and will go through it line by line before an offer.

CONCLUSION

This suits a buyer who wants a coastal free-zone address with tram and metro connectivity, a partial Palm outlook and a AED 664,880 cash reduction against original price, 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.

Location

DAMAC CASA — Dubai Media City

Get Directions

Illustrative model

Scenario modeller

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.

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.

Nothing to calculate yet

Enter the asking price to run the model.

Every figure recalculates as you type. Use the price you are considering.

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.

Got questions?

Get Answers!

Read next

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.

The gold rule under an entry is its length, against the longest piece here.

Guides

Articles

Need help?