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 GOLF GREEN — distress deal in DAMAC Hills from Mitchell's Commercial Real EstateGOLF GREEN · DAMAC Hills

DAMAC · DAMAC Hills

DISTRESS DEAL: 1-BR IN GOLF GREEN

Asking price as listedAED 1,430,000AED 1,420 per sq.ft
Original price + DLDAED 1,796,080
DiscountAED 366,08020.4% below original price
Unit
1-BR
Size
1,007 sq.ft
Developer
DAMAC
Handover
Q1 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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The numbers

Payment breakdown

Total cost for buyer, as listedAED 1,522,520The unit price plus the transfer fees and commission — the whole commitment, not the headline.
Unit priceAED 1,430,000
Fees and commissionAED 92,520
Step 01Due at transferAED 1,364,549Payable when the unit transfers to the buyer.
  • Payment to sellerAED 1,272,029
  • DLD Transfer fee 4% + 40 AEDAED 57,240
  • DLD Registration Trustee fee + 5% VATAED 5,250
  • Buyer's agent commission 2% + 5% VATAED 30,030
  • Total on transferAED 1,364,549
Step 02Payable to DAMAC after transferAED 157,971The balance of the payment plan, which the buyer takes over.
  • On HandoverAED 157,971
  • Total remaining payment planAED 157,971

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Floor plan

Floor plan for DISTRESS DEAL: 1-BR IN GOLF GREENFloor planView full size

Floor plan

Floor plan for DISTRESS DEAL: 1-BR IN GOLF GREEN

Distress Deal

PROJECT DESCRIPTION

OVERVIEW

This 1-bedroom apartment in Golf Green 2, DAMAC Hills, is being offered as a distress deal at AED 1,430,000. The original price was AED 1,796,080, which means the current asking reflects a 20.4% discount, or AED 366,080 below the original price. The unit is a sizeable 1,007 sq.ft, placing the entry basis at approximately AED 1,420 per sq.ft. This is a larger-than-average 1-bedroom layout for the area, with a balcony and a golf course view from a mid-to-high floor (levels 15–20). The handover is scheduled for Q1 2027, so the buyer is taking a position in an under-construction project by DAMAC, one of Dubai’s most established developers. The immediate investment thesis is a below-market entry into a branded golf-facing project, with a payment plan that leaves a manageable balance at handover. For buyers seeking a combination of size, view, and a meaningful discount to the original price, this deal offers a clear value proposition in a maturing DAMAC Hills submarket.

LOCATION & TRANSPORT

Golf Green 2 is located within DAMAC Hills, a master-planned community in Dubailand. The project’s position means it benefits from direct frontage onto the Trump International Golf Club, with many units—including this one—enjoying open golf course views. DAMAC Hills is accessible via Hessa Street and Umm Suqeim Road, providing reasonable drive times to key Dubai destinations such as Dubai Marina, Mall of the Emirates, and Business Bay. Public transport options are still developing in this corridor, so private car use or ride-hailing services remain the primary modes of access. For investors, this means the resident profile will likely be car-dependent professionals, couples, or small families seeking a balance between green space and city connectivity. The area’s ongoing infrastructure improvements, including new retail and road links, are gradually enhancing both liveability and long-term value.

AMENITIES & SURROUNDING

Golf Green 2 is part of a multi-building complex with a strong amenity offering. Residents will have access to a golf simulator, gymnasium, indoor golf facilities, shaded seating areas, sundecks, and multiple swimming pools. The podium level features an ‘aqua garden’ with landscaped walkways and islands, creating a resort-style environment. The project’s design emphasises modern minimalism and integration with the outdoors, with interiors that bring in natural light and views over the fairways. DAMAC Hills itself is a well-established community, offering supermarkets, schools, healthcare clinics, and a variety of dining and retail options. The Trump International Golf Club is a central amenity, providing both recreational and social opportunities. The surrounding area is now largely built out, with mature landscaping and a growing resident population, supporting both end-user and rental demand.

MARKET

At AED 1,420 per sq.ft, this unit is priced below recent transaction averages for 1-bedroom apartments in Golf Green 2, where recent sales have ranged from AED 1,216 to AED 1,445 per sq.ft for smaller units (674–708 sq.ft). The larger size of this apartment means the absolute price is higher, but the per-square-foot basis remains competitive. The DAMAC Hills market has shown resilience, with steady demand from both end-users and investors seeking rental income. One-bedroom units with golf views and larger layouts tend to attract a premium, particularly for tenants seeking more space or a home office. Liquidity is supported by the project’s handover timeline (Q1 2027), giving buyers time to plan for rental or resale. Risks include the usual off-plan uncertainties: construction timelines, future supply in the area, and the need to underwrite realistic rental yields rather than speculative upside. However, the discount to original price and the payment plan structure provide a buffer against market volatility.

CONCLUSION

This distress deal in Golf Green 2 is best suited to investors seeking a mid-term position in a maturing golf community, with a clear discount to the original price and a larger-than-average 1-bedroom layout. The combination of golf course views, a strong amenity set, and a reputable developer underpins the investment case. The main considerations are the off-plan nature of the asset and the need to manage payment plan obligations through to handover. For buyers comfortable with these factors, the entry price offers a tangible advantage over both current launch pricing and recent secondary sales. The unit’s size and view profile should support both rental and resale demand, provided the broader DAMAC Hills market continues its current trajectory. Overall, this is a disciplined entry into a branded golf-fronting project, with enough margin to absorb typical off-plan risks and operating costs.

Location

GOLF GREEN — DAMAC Hills, Dubai

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Illustrative model

Scenario modeller

Set your own assumptions and see how DISTRESS DEAL: 1-BR IN GOLF GREEN 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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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.

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