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 MAR CASA — distress deal in Maritime City from Mitchell's Commercial Real EstateMAR CASA · Maritime City

Deyaar · Maritime City

DISTRESS DEAL: 1-BR IN MAR CASA

Asking price as listedAED 1,400,000AED 1,809 per sq.ft
Original price + DLDAED 1,522,128
DiscountAED 122,1288.0% below original price
Unit
1-BR
Size
774 sq.ft
Developer
Deyaar

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

Sold
Listed 25 June 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 25 June 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 1,490,690The unit price plus the transfer fees and commission — the whole commitment, not the headline.
Unit priceAED 1,400,000
Fees and commissionAED 90,690
Step 01Due at transferAED 1,022,343Payable when the unit transfers to the buyer.
  • Payment to sellerAED 931,653
  • DLD Transfer fee 4% + 40 AEDAED 56,040
  • DLD Registration Trustee fee + 5%VATAED 5,250
  • Buyer's agent comission 2% + 5%VATAED 29,400
  • Total on transferAED 1,022,343
Step 02Payable to Deyaar after transferAED 468,347The balance of the payment plan, which the buyer takes over.
  • On HandoverAED 468,347
  • Total remaining payment planAED 468,347

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Floor plan

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Floor plan

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

Distress Deal

PROJECT DESCRIPTION

OVERVIEW

This listing presents a 1-bedroom apartment in Mar Casa, a 52-storey mixed-use development by Deyaar in Dubai Maritime City. The apartment spans 774 sq.ft and is positioned on a mid-level floor, offering views of the sea and Dubai skyline. The current asking price is AED 1,400,000, which represents an 8% discount compared to the original price plus DLD fee of AED 1,522,128. This equates to a price per square foot of AED 1,809, with a total buyer cost (including remaining payment plan) of AED 1,490,690. The payment structure includes AED 1,022,343 due on transfer and AED 468,347 on the remaining plan. Handover is anticipated in 2027, providing investors with a window to benefit from potential capital appreciation during the ongoing development phase. The immediate thesis for this deal is the combination of a below-market entry point, a phased payment plan, and the positioning within a landmark project in an emerging waterfront district.

LOCATION & TRANSPORT

Mar Casa is situated in Dubai Maritime City, a master-planned peninsula between Port Rashid and Dubai Drydocks, with direct access to the Arabian Gulf. The area is strategically located between the established districts of Bur Dubai and Jumeirah, providing convenient road access to Sheikh Zayed Road and the wider Dubai network. Public transport options are developing in line with the area’s growth, and the proximity to cruise terminals and commercial shipping hubs supports both residential and business activity. Dubai International Airport is reachable within approximately 20 minutes by car, and the Downtown Dubai district is similarly accessible. The location is expected to benefit from ongoing infrastructure enhancements as Maritime City matures into a mixed-use urban waterfront destination.

AMENITIES & SURROUNDING

Mar Casa is designed to offer a comprehensive suite of amenities for residents. The building features a grand entrance lobby inspired by the movement of waves, with a striking light installation. Residents have access to multiple swimming pools, including a family infinity pool and a children’s pool, as well as landscaped garden areas and grassy spaces for relaxation. Wellness facilities include a fully equipped gymnasium, yoga studio, spa club, and steam and sauna rooms. For families, there are indoor and outdoor children’s play areas, a multi-purpose hall, and barbecue facilities. The development also provides a co-working space, games tables, a lounge area, and a residents’ lounge at the top of the building with panoramic views of the Arabian Gulf. Practical features include electric vehicle charging stations, a smart access control system, and energy-efficient building systems. The district itself is evolving, with new retail, dining, and leisure options expected as Maritime City’s master plan is realised.

MARKET

Dubai Maritime City is in the early stages of transformation, with significant investment in infrastructure and a growing pipeline of residential and commercial projects. Mar Casa stands out as one of the first high-rise residential towers in the area, offering a waterfront lifestyle with modern amenities. The discounted entry price positions this unit competitively against comparable off-plan developments in more established districts, while the phased payment plan may appeal to investors seeking manageable cash flow. Rentability prospects are supported by the project’s amenities and views, though the area’s rental market is still maturing. Liquidity may be influenced by the pace of district development and the absorption of new supply. Buyer profiles likely include end-users seeking waterfront living at a relative value, as well as investors targeting capital appreciation as Maritime City evolves. Key risk points include construction timelines, the pace of area infrastructure delivery, and the potential for further supply as the district grows.

CONCLUSION

This 1-bedroom apartment in Mar Casa offers investors an opportunity to secure a waterfront property at an 8% discount to the original price, with a flexible payment plan and handover in 2027. The project’s design, amenities, and location within Dubai Maritime City position it as a compelling option for those seeking exposure to an emerging district with long-term growth potential. While the area’s market is still developing and timelines should be monitored, the combination of below-market pricing and phased payments may appeal to investors with a medium-term horizon. As with any off-plan investment, careful consideration of delivery risk and market absorption is warranted, but the fundamentals of this deal present a balanced case for value-focused buyers looking to participate in Dubai’s evolving waterfront landscape.

Location

MAR CASA — Maritime City, Dubai

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Illustrative model

Scenario modeller

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

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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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