Distress Deal
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 21 May 2026 and is historic. It is not an indication of what the same unit, or a comparable one, would cost today.
On this page
The numbers
| UNIT PRICE | AED 1,535,000 |
| 1. Payment to seller | AED 767,165 |
| 2. DLD Transfer fee 4% + 40 AED | AED 61,440 |
| 3. DLD Registration Trustee fee + 5%VAT | AED 5,250 |
| 4. Buyer's agent commission 2% + 5%VAT | AED 32,235 |
| 28-APR-2026 | AED 85,315 |
| 27-JUL-2026 | AED 85,315 |
| On Handover (25-DEC-2026) | AED 597,205 |
| Total on Transfer | AED 866,090 |
| Total remaining Payment Plan | AED 767,835 |
| TOTAL COST FOR BUYER | AED 1,633,925 |
Photography
Distress Deal
This 1-bedroom apartment in Seaside, Dubai Islands, is being offered at AED 1,535,000, representing a 13.5% discount to the original price of AED 1,774,552. The unit measures 840 sq.ft, placing the entry price at AED 1,827 per sq.ft. The apartment is semi-furnished, with a park view and a balcony, and is positioned on a mid-level floor (levels 6 to 10). Handover is scheduled for December 2026, with a payment plan that allows for a staged acquisition, reducing upfront capital exposure. The immediate investment case is the ability to secure a new-build, semi-furnished apartment in a waterfront project at a visible discount to the original price, with a payment structure that aligns with construction milestones. This is not a completed asset, but the pricing and terms reflect the current market’s appetite for off-plan inventory with credible developer backing and a clear timeline to handover.
Seaside by Prestige One is located on Dubai Islands, a developing master community in Deira, positioned to benefit from the city’s ongoing eastward expansion. The Dubai Islands area is designed to offer a blend of urban convenience and waterfront living, with planned infrastructure to support both residents and visitors. Access to the mainland is facilitated by new bridges and road networks, connecting Dubai Islands to the rest of the city, including Dubai International Airport, Deira, and Downtown Dubai. Public transport options are expected to improve as the area matures, but current connectivity is primarily by private car or taxi. For investors, the location offers a balance between emerging community potential and proximity to established commercial and leisure districts, which may support both rental and resale demand as the area develops.
Seaside is a 13-storey residential project with a focus on modern design and comfort. Amenities include a double-height entrance lobby, swimming pool, spa, children’s pool, kids’ play area, barbecue facilities, miniature golf, electric vehicle charging stations, and smart home technologies. Apartments feature floor-to-ceiling windows and expansive balconies, with kitchen islands in all configurations. The building is designed by Model Engineering Consultants, with interiors by Znera Space, aiming to create a contemporary yet serene living environment. The surrounding Dubai Islands masterplan is expected to deliver retail, dining, and leisure options, as well as landscaped parks and waterfront promenades. While the area is still under development, the project’s amenity offering is positioned to appeal to residents seeking a blend of urban and island lifestyles.
At AED 1,827 per sq.ft, this unit is priced below recent transaction benchmarks for Seaside, where two-bedroom units have transacted between AED 1,912 and AED 2,136 per sq.ft in early 2026. The discount to original price and the staged payment plan may appeal to buyers seeking value entry into a new waterfront district. The Dubai Islands market is still in its early phase, with liquidity and rentability likely to improve as more projects complete and community infrastructure matures. The buyer profile for this asset is likely to include both end-users and investors looking for medium-term capital appreciation and rental income potential. Key risk points include construction and handover timing, the pace of area development, and the ability of the Dubai Islands district to attract sustained demand relative to more established waterfront locations. However, the developer, Prestige One Luxury, has a track record of delivering residential projects, which may help mitigate some delivery risk.
This Seaside 1-bedroom apartment offers an investor a discounted entry into Dubai Islands, with a semi-furnished, mid-floor unit and a payment plan that reduces upfront exposure. The project’s amenity set and modern design are aligned with the expectations of both tenants and future buyers in Dubai’s evolving waterfront segment. The main considerations are the area’s current development stage and the timeline to handover, which require a medium-term investment horizon and a willingness to underwrite some market and delivery risk. For buyers comfortable with off-plan dynamics and seeking exposure to Dubai’s next phase of waterfront growth, this deal presents a balanced case, provided the investor is realistic about the area’s maturity curve and the associated holding period. The discount to original price and the payment structure are the immediate value points, with the longer-term upside tied to the successful build-out of Dubai Islands as a destination.
Illustrative model
Set your own assumptions and see how DISTRESS DEAL: 1-BR IN SEASIDE behaves as a cash purchase, the same purchase mortgaged, or a capital-only resale.
Enter the asking price to run the model.
Every figure recalculates as you type. Use the price you are actually considering.
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.
SEASIDE — Dubai Islands
