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Palm Jumeirah AED 3,549/sqftDubai Maritime City AED 3,139/sqftDowntown Dubai AED 2,874/sqftDubai Islands AED 2,762/sqftDubai Creek Harbour AED 2,558/sqftBusiness Bay AED 2,497/sqftDubai Marina AED 2,468/sqftDubai Hills Estate AED 2,464/sqftJumeirah Lakes Towers AED 2,321/sqftMohammed Bin Rashid City AED 2,098/sqftAl Jaddaf AED 2,049/sqftJumeirah Village Triangle AED 1,657/sqftDubai South AED 1,653/sqftArjan AED 1,585/sqftJumeirah Village Circle AED 1,488/sqftDubai Sports City AED 1,325/sqftALL DLD SALES · OFF-PLAN + EXISTINGPalm Jumeirah AED 3,549/sqftDubai Maritime City AED 3,139/sqftDowntown Dubai AED 2,874/sqftDubai Islands AED 2,762/sqftDubai Creek Harbour AED 2,558/sqftBusiness Bay AED 2,497/sqftDubai Marina AED 2,468/sqftDubai Hills Estate AED 2,464/sqftJumeirah Lakes Towers AED 2,321/sqftMohammed Bin Rashid City AED 2,098/sqftAl Jaddaf AED 2,049/sqftJumeirah Village Triangle AED 1,657/sqftDubai South AED 1,653/sqftArjan AED 1,585/sqftJumeirah Village Circle AED 1,488/sqftDubai Sports City AED 1,325/sqftALL DLD SALES · OFF-PLAN + EXISTING
DLD · MEDIAN 12M TO NOV 2026
1-BR in Fairmont Residences Solara Tower, Downtown Dubai — distress deal from Mitchell's Commercial Real EstateFAIRMONT RESIDENCES SOLARA TOWER · Downtown Dubai1 / 16

SOL · Downtown Dubai

DISTRESS DEAL: 1-BR IN FAIRMONT RESIDENCES SOLARA TOWER

Asking priceAED 2,750,000
Price per sq.ftAED 2,667
Original price + DLDAED 3,323,840
DiscountAED 573,84017.3% below original price
Unit
1-BR
Size
1,031 sq.ft
Developer
SOL
Handover
Q4 2027
Enquire about this unitSee the floor plan

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

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The numbers

Payment breakdown

Total cost for buyerAED 2,940,880The unit price plus the transfer fees and commission — the whole commitment, not the headline.
Unit priceAED 2,750,000
Fees and commissionAED 190,880
Step 01Due at transferAED 1,342,880Payable when the unit transfers to the buyer.
  • Payment to sellerAED 1,152,000
  • DLD Transfer fee (4% of OP + 40 AED)AED 127,880
  • Trustee Office FeeAED 5,250
  • Buyer's Agency Commission (2% + VAT)AED 57,750
  • Total on transferAED 1,342,880
Step 02Payable to SOL after transferAED 1,598,000The balance of the payment plan, which the buyer takes over.
  • 3-FEB-2027AED 319,600
  • On Handover (1-DEC-2027)AED 1,278,400
  • Total remaining payment planAED 1,598,000

Ask us to walk through this schedule, or to confirm the current balance with the developer before terms are agreed.

Ask about these terms

Unit details

Property type
Apartment
Bedrooms
1-BR
View
Canal
Balcony
Yes

Layout

Floor plan

Floor plan for 1-BR in Fairmont Residences Solara Tower, Downtown DubaiFloor planView full size

Floor plan

Floor plan for 1-BR in Fairmont Residences Solara Tower, Downtown Dubai

Distress Deal

PROJECT DESCRIPTION

OVERVIEW

The property is a 1-BR apartment in Fairmont Residences Solara Tower, a SOL development in Downtown Dubai. The stated size is 1,031 sq.ft. The unit has a canal view and a balcony. It is an off-plan apartment, and handover is scheduled for Q4 2027. The listing is dated 5 November 2026.

The asking price is AED 2,750,000. The original price plus the 4% DLD fee is AED 3,323,840. The reduction is therefore AED 573,840, or 17.3% below original price. On the stated size the asking price works out at AED 2,667 per sq.ft. The same calculation at the original price plus DLD gives AED 3,224 per sq.ft.

At transfer the buyer pays AED 1,342,880, of which AED 1,152,000 goes to the seller. The balance of AED 1,598,000 is due under the payment plan. The plan has an instalment before handover and a final payment on handover. The total cost for the buyer, including every transfer fee, is AED 2,940,880.

The unit is sold as a resale of an off-plan contract. The buyer takes over the seller's position with the developer at transfer and continues the payment plan from that point.

LOCATION & TRANSPORT

Fairmont Residences Solara Tower is in Downtown Dubai. The listing records a canal view for this apartment. The scheme is off-plan, and handover is scheduled for Q4 2027.

The buyer should confirm the unit number and its view against the SPA before signing.

AMENITIES & SURROUNDING

The apartment has a balcony, which gives the unit its own outdoor space. The listing records a canal view. The layout is a single bedroom on a stated size of 1,031 sq.ft.

The scheme is off-plan, with handover in Q4 2027. Before signing, the buyer should ask the developer for the building specification and the schedule of shared facilities. The finishes and fittings for the unit should be checked against the same documents. We can review those documents with the buyer before terms are agreed.

MARKET

The reduction is measured against the original price plus the 4% DLD fee. On that basis the apartment is offered at 17.3% below original price. In cash terms the reduction is AED 573,840. Per sq.ft, the asking price is AED 2,667 on the stated size, against AED 3,224 at the original price plus DLD. The gap is AED 557 per sq.ft.

The DLD transfer fee is AED 127,880. Because the asking price sits below the original price, the fee is struck on the original price excluding the DLD fee, at 4% plus AED 40. The DLD fee is therefore larger than 4% of the asking price would be. The trustee office fee is AED 5,250. The buyer's agency commission, at 2% plus VAT, is AED 57,750. Those items and the AED 1,152,000 payment to the seller make up the AED 1,342,880 due at transfer.

The payment plan lists an instalment of AED 319,600 on 3 February 2027 and AED 1,278,400 on handover, dated 1 December 2027. Together they make up the remaining AED 1,598,000. Adding the transfer total and the plan total gives a total cost for the buyer of AED 2,940,880.

CONCLUSION

The apartment is a 1-BR unit of 1,031 sq.ft in Fairmont Residences Solara Tower, Downtown Dubai, from SOL. It has a canal view and a balcony, and handover is scheduled for Q4 2027. The asking price is AED 2,750,000, which is 17.3% below original price, or AED 2,667 per sq.ft on the stated size.

AED 1,342,880 is paid at transfer. AED 319,600 follows on 3 February 2027, and AED 1,278,400 is due on handover. The total cost for the buyer is AED 2,940,880. The trustee office fee, the DLD transfer fee and the buyer's agency commission are all included in the transfer total.

Before terms are agreed, a current statement of account should be obtained from the developer. It should confirm the amount paid to date and the balance outstanding. The developer's requirements for transferring an off-plan unit, including any NOC, should also be checked. We can manage those steps with the buyer from offer through to transfer.

Location

FAIRMONT RESIDENCES SOLARA TOWER — Downtown Dubai

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Illustrative model

Scenario modeller

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

Below original price
17.3%

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.

Asking price per sq.ft
AED 2,667/sqft

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.

Handover
Q4 2027

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.

Purchase

Seeded from this page. Change it to your figure.

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.

Total cash investedThe purchase price plus every cost of getting the keys. It is the denominator of the ROI, ROE and IRR figures.
AED 2.92M
Price plus every acquisition cost
Illustrative exit price
AED 2.75M
After 5 yr at 0.0% p.a.
Total profit, capital onlyCapital movement over the hold, less every purchase and sale cost and the service charge. It carries no rental income at all, because no rent has been set.
—
Set service charge, maintenance & management, vacancy allowance above
Net yieldNet operating income (rent collected less management, maintenance and service charge) divided by the purchase price. It cannot be calculated until a gross annual rent is set.
—
Set a gross annual rent
Cash out, and cash back over 5 years
Cash out at t0AED 2,917,750
Cash back, years 1–5—

Set service charge, maintenance & management, vacancy allowance above to see cash back — until then this figure would be assuming zero for them.

Cash required at completion
Purchase priceAED 2,750,000
DLD transfer fee (4%)AED 110,000
Agency fee (2%)AED 55,000
VAT on agency fee (5%)AED 2,750
Conveyancing, trustee & adminAED 0
Total cash investedAED 2,917,750

ROI and IRR are calculated on this figure: the price plus every cost of getting the keys.

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.

Annual operating position
Gross annual rentAED 0
Vacancy allowance (not set)—
Maintenance & management (not set)—
Service charge (1,031 sq ft at a rate not yet set)—
Net operating income—

Figures marked “—” need service charge, maintenance & management, vacancy allowance entered above — we do not compute them on an assumed zero.

Cash-flow schedule — the 5-year figures the IRR is solved from (incomplete, see note)
YearNet operating incomeSale proceeds, netNet cash flow
0 · today——−AED 2,917,750
1AED 0—AED 0
2AED 0—AED 0
3AED 0—AED 0
4AED 0—AED 0
5AED 0AED 2,692,250AED 2,692,250
Years 1–5AED 0AED 2,692,250AED 2,692,250
Less the year-0 outflow of AED 2,917,750 → total profit−AED 225,500

Exit at year 5: illustrative sale price AED 2,750,000 less selling costs AED 57,750 = AED 2,692,250 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.

Sensitivity — the same purchase at −5% to +5% exit growth
Exit growthExit priceTotal profitROIIRR
−5% p.a.AED 2.13M———
−3% p.a.AED 2.36M———
0% p.a.your figureAED 2.75M———
3% p.a.AED 3.19M———
5% p.a.AED 3.51M———

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.

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.

Email my results

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.

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