+971 58 552 7721
Connect Now
Palm JumeirahAED 3,625/sqftCity WalkAED 3,268/sqftDubai Maritime CityAED 3,078/sqftDowntown DubaiAED 2,953/sqftDubai MarinaAED 2,836/sqftDubai IslandsAED 2,748/sqftBusiness BayAED 2,620/sqftDubai Creek HarbourAED 2,588/sqftDubai Hills EstateAED 2,444/sqftJumeirah Lakes TowersAED 2,229/sqftMohammed Bin Rashid CityAED 2,097/sqftAl JaddafAED 2,051/sqftJumeirah Village TriangleAED 1,673/sqftDubai SouthAED 1,630/sqftArjanAED 1,608/sqftJumeirah Village CircleAED 1,511/sqftDubai Sports CityAED 1,336/sqftPalm JumeirahAED 3,625/sqftCity WalkAED 3,268/sqftDubai Maritime CityAED 3,078/sqftDowntown DubaiAED 2,953/sqftDubai MarinaAED 2,836/sqftDubai IslandsAED 2,748/sqftBusiness BayAED 2,620/sqftDubai Creek HarbourAED 2,588/sqftDubai Hills EstateAED 2,444/sqftJumeirah Lakes TowersAED 2,229/sqftMohammed Bin Rashid CityAED 2,097/sqftAl JaddafAED 2,051/sqftJumeirah Village TriangleAED 1,673/sqftDubai SouthAED 1,630/sqftArjanAED 1,608/sqftJumeirah Village CircleAED 1,511/sqftDubai Sports CityAED 1,336/sqft
DLD · MEDIAN 12M TO JUL 2026
DISTRESS DEAL: 1-BR IN OCEANZ

Distress Deal

DISTRESS DEAL: 1-BR IN OCEANZ

Asking PriceAED 1,830,000
Below Original Price16.3%
Size744 sq.ft
Bedrooms1
Price / Sq.FtAED 2,460
HandoverQ1 2027
Sold
Listed 13 March 2026Status confirmed 3 August 2026

This unit has sold and is no longer available. 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 13 March 2026 and is historic. It is not an indication of what the same unit, or a comparable one, would cost today.

Looking for something like DISTRESS DEAL: 1-BR IN OCEANZ?

This unit has sold. Tell us the size, area and budget you're working to and a member of the Mitchell's team will come back with the stock that currently matches. It takes under a minute, and there's no obligation.

Choose one — the next questions adapt to your answer.

Scan or tap to message Mitchell's on WhatsAppScan or tap to chat

Prefer to connect directly?

MeetWhatsAppCallEmail

On this page

Quick navigation

The numbers

Payment breakdown

UNIT PRICE AED 1,830,000

PAYMENTS ON TRANSFER

1. Payment to seller AED 841,590
2. DLD Transfer fee 4% + 40 AED AED 73,240
3. DLD Registration Trustee fee + 5% VAT AED 5,250
4. Buyer's agent commission 2% + 5% VAT AED 38,430

PAYMENT PLAN SCHEDULE

05-MAR-26 AED 21,030
05-APR-26 AED 21,030
05-MAY-26 AED 21,030
05-JUN-26 AED 21,030
05-JUL-26 AED 21,030
05-AUG-26 AED 21,030
05-SEP-26 AED 21,030
05-OCT-26 AED 21,030
05-NOV-26 AED 21,030
05-DEC-26 AED 21,030
05-JAN-27 AED 21,030
05-FEB-27 AED 21,030
05-MAR-27 AED 21,030
05-APR-27 AED 21,030
05-MAY-27 AED 21,030
05-JUN-27 AED 21,030
05-JUL-27 AED 21,030
05-AUG-27 AED 21,030
05-SEP-27 AED 21,030
05-OCT-27 AED 21,030
05-NOV-27 AED 21,030
05-DEC-27 AED 21,030
05-JAN-28 AED 21,030
05-FEB-28 AED 21,030
05-MAR-28 AED 21,030
05-APR-28 AED 21,030
05-MAY-28 AED 21,030
05-JUN-28 AED 21,030
05-JUL-28 AED 21,030
05-AUG-28 AED 21,030
05-SEP-28 AED 21,030
05-OCT-28 AED 21,030
05-NOV-28 AED 21,030
05-DEC-28 AED 21,030
05-JAN-29 AED 21,030
05-FEB-29 AED 21,030
05-MAR-29 AED 21,030
05-APR-29 AED 21,030
05-MAY-29 AED 21,030
05-JUN-29 AED 21,030
05-JUL-29 AED 21,030
05-AUG-29 AED 21,030
05-SEP-29 AED 21,030
05-OCT-29 AED 21,030
05-NOV-29 AED 21,030
05-DEC-29 AED 21,030
05-JAN-30 AED 21,030

SUMMARY

Total on Transfer AED 958,510
Total remaining Payment Plan AED 988,410
TOTAL COST FOR BUYER AED 1,946,920

Distress Deal

PROJECT DESCRIPTION

OVERVIEW

Oceanz by Danube is a large-scale residential development currently under construction in Dubai Maritime City, a master-planned coastal district located to the west of Bur Dubai and north of Port Rashid. The project is being developed by Danube Properties Development and forms part of the broader maritime and waterfront regeneration strategy led by master developer DP World. The scheme consists of a three-tower residential complex rising approximately 50 storeys per building above a shared podium structure. Construction began during 2024 with an estimated completion timeframe of Q1 2027.

LOCATION & TRANSPORT

Dubai Maritime City occupies a peninsula extending into the Arabian Gulf between Port Rashid and the entrance to Dubai Creek. The district is positioned close to central Dubai and historically significant neighbourhoods such as Bur Dubai and Deira. Oceanz by Danube is located within this waterfront zone and forms part of a collection of mixed-use developments designed to accommodate residential buildings, offices, maritime support facilities and tourism infrastructure.

AMENITIES & SURROUNDING

The development is planned to include more than 40 recreational and lifestyle amenities. Facilities outlined in developer information include an infinity pool, children's play areas, a jogging track, sports courts for basketball and padel tennis, and landscaped relaxation zones. Additional leisure components include an aquarium feature, spa facilities, barbecue areas and a floating outdoor cinema. Community infrastructure within the podium is expected to feature a daycare centre and health-focused amenities including an aquatic gym.

MARKET

The Oceanz complex is designed as a podium-and-tower configuration. Each residential tower is planned to include approximately 51 structural levels comprising a multi-level podium for parking and shared amenities and approximately 44 residential floors above. Construction responsibility has been assigned to RAQ Contracting Company, while foundation works are carried out by Stromek Emirates Foundations. Architectural consulting services are provided by Canadian Consultant. The podium structure contains parking facilities as well as shared lifestyle areas. Above the podium, residential floors accommodate apartment layouts ranging from studios to three-bedroom configurations. The development value of the project has been estimated at more than AED 3 billion according to developer disclosures. Interior design concepts for the apartments include furnishing elements supplied by Tonino Lamborghini Casa. Although this design collaboration is referenced in promotional material, the brand is not officially associated with the development.

CONCLUSION

The Oceanz complex is designed as a podium-and-tower configuration. Each residential tower is planned to include approximately 51 structural levels comprising a multi-level podium for parking and shared amenities and approximately 44 residential floors above. Construction responsibility has been assigned to RAQ Contracting Company, while foundation works are carried out by Stromek Emirates Foundations. Architectural consulting services are provided by Canadian Consultant. The podium structure contains parking facilities as well as shared lifestyle areas.

Illustrative model

Scenario modeller

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

Purchase

The price you are actually 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.

8% is roughly a month plus re-letting.

Letting fees and routine repairs.

Replace with the building's own schedule.

Acquisition costs

4% is the Dubai standard.

Buyer-side. 5% VAT added.

Trustee, title deed, NOC.

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 actually considering.

How each figure is calculated
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 Realty is a trading brand; the RERA-licensed entity is The Luxury Real Estate Brokers LLC.

Location

OCEANZ — Maritime City, Dubai

Get Directions

Got questions?

Get Answers!
Need help?