Distress Deal
Available when we last checked on 3 August 2026. The asking price shown is the one published when the listing was added on 23 July 2026, 11 days before that check, and it is not re-checked against the market automatically. Confirm availability and price with us before you act on it.
On this page
The numbers
| UNIT PRICE | AED 1,300,000 |
| Payment to seller | AED 538,840 |
| DLD Transfer fee 4% + 40 AED | AED 52,040 |
| DLD Registration Trustee fee + 5%VAT | AED 5,250 |
| Buyer's agent comission 2% + 5%VAT | AED 27,300 |
| 21-OCT-2026 | AED 69 196 |
| 31-JAN-2028 | AED 691 964 |
| Total on Transfer | AED 623,430 |
| Total remaining Payment Plan | AED 761,160 |
| TOTAL COST FOR BUYER | AED 1,384,590 |
Photography
Layout
Distress Deal
This is a 1-bedroom apartment opportunity in Parkway by Prestige One, located in the up-and-coming Meydan Horizon district. The apartment offers a well-proportioned 725 sq.ft of internal space, positioned on a high floor (15-20) with views over the project’s amenities. The current asking price is AED 1,300,000, which reflects a 9.7% discount to the original reference price of AED 1,439,285 (inclusive of DLD fees). This equates to an attractive AED 1,793 per square foot, notably below recent transaction benchmarks for comparable units in the building. The payment structure is split between AED 623,430 due on transfer and a remaining payment plan of AED 761,160, with the total buyer cost calculated at AED 1,384,590. Handover is scheduled for January 2028, providing a clear timeline for completion. The immediate investment thesis centres on the below-market entry point, the phased payment plan, and the potential for capital appreciation as Meydan Horizon matures and Parkway nears completion.
Meydan Horizon is part of the wider Meydan master development, situated within Mohammed Bin Rashid City. This area is strategically positioned for connectivity, with easy access to Al Khail Road and Ras Al Khor Road, facilitating direct links to Downtown Dubai, Business Bay, and Dubai International Airport. The district is designed to benefit from future infrastructure upgrades, including improved public transport and road networks as the area develops. Residents will be within a short drive of major business and leisure hubs, while the proximity to Meydan Racecourse, Meydan One Mall, and Dubai Creek further enhances the location’s appeal. The area’s ongoing transformation is expected to drive both end-user and investor demand as new amenities and transport links come online.
Parkway by Prestige One is conceived as a modern, resort-inspired residential tower, rising 34 storeys and comprising approximately 274 units. Residents will have access to a comprehensive suite of amenities designed to support a balanced, active lifestyle. These include an indoor cinema room with plush seating, a family pool and children’s pool, a fully equipped gym, yoga studio, sauna, and sports courts. Social and recreational spaces such as an arcade room, games room, barbecue facilities, leisure deck, and a juice bar are integrated into the podium and communal areas. The development also features landscaped gardens, a mini-putt green, and a children’s playground, all contributing to a community-oriented environment. The immediate surroundings of Meydan Horizon are planned to include retail, dining, and leisure options, with green spaces and canal-side walkways enhancing the overall living experience.
From an investment perspective, Parkway by Prestige One is positioned to appeal to both end-users and rental investors. Recent transactions for two-bedroom units in the building have been recorded at AED 1,850–1,965 per square foot, indicating a healthy appetite for quality stock in this location. The offered 1-bedroom unit, at AED 1,793 per square foot, sits below these recent benchmarks, providing a margin for capital appreciation as the project nears completion. The phased payment plan reduces upfront capital exposure, while the handover timeline allows for market absorption and further area development. Rentability is supported by the project’s amenities, the growing profile of Meydan Horizon, and the increasing demand for modern, well-connected apartments in Dubai’s emerging districts. Liquidity is expected to improve as the area matures and as Parkway establishes its reputation. However, investors should be aware of typical off-plan risks, including construction timelines, market fluctuations, and the pace of surrounding infrastructure delivery.
This 1-bedroom apartment in Parkway by Prestige One represents a considered entry into Dubai’s off-plan market, with a clear discount to prevailing prices and a structured payment plan that supports capital management. The project’s amenity offering and the evolving Meydan Horizon location underpin both end-user appeal and rental potential. While the area is still developing and carries the usual risks associated with off-plan acquisitions, the fundamentals of connectivity, planned infrastructure, and competitive pricing provide a balanced investment case. For investors seeking exposure to Dubai’s growth corridors with a focus on future value and phased capital outlay, this opportunity warrants close attention.
Illustrative model
Set your own assumptions and see how DISTRESS DEAL: 1-BR IN PARKWAY behaves as a cash purchase, the same purchase mortgaged, or a capital-only resale.
The date this listing was added to our records. The asking price below is the one published then, and was still 11 days old when we last checked this listing on 3 August 2026. It is not re-checked against the market automatically, so confirm it with us before relying on it.
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.
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.
Set service charge, maintenance & management, vacancy allowance above to see cash back — until then this figure would be assuming zero for them.
This is the ROI and IRR denominator: the price plus every cost of getting the keys, not the price alone.
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.
Figures marked “—” need service charge, maintenance & management, vacancy allowance entered above — we do not compute them on an assumed zero.
| Year | Net operating income | Sale proceeds, net | Net cash flow |
|---|---|---|---|
| 0 · today | — | — | −AED 1,379,300 |
| 1 | AED 0 | — | AED 0 |
| 2 | AED 0 | — | AED 0 |
| 3 | AED 0 | — | AED 0 |
| 4 | AED 0 | — | AED 0 |
| 5 | AED 0 | AED 1,272,700 | AED 1,272,700 |
| Years 1–5 | AED 0 | AED 1,272,700 | AED 1,272,700 |
| Less the year-0 outflow of AED 1,379,300 → total profit | −AED 106,600 | ||
Exit at year 5: illustrative sale price AED 1,300,000 less selling costs AED 27,300 = AED 1,272,700 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.
| Exit growth | Exit price | Total profit | ROI | IRR |
|---|---|---|---|---|
| −5% p.a. | AED 1.01M | — | — | — |
| −3% p.a. | AED 1.12M | — | — | — |
| 0% p.a.your figure | AED 1.30M | — | — | — |
| 3% p.a. | AED 1.51M | — | — | — |
| 5% p.a. | AED 1.66M | — | — | — |
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.
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.
PARKWAY — Meydan Horizon, Dubai
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