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 SEASIDE — distress deal in Dubai Islands from Mitchell's Commercial Real EstateSEASIDE · Dubai Islands

Prestige One Luxury · Dubai Islands

DISTRESS DEAL: 1-BR IN SEASIDE

Asking price as listedAED 1,535,000AED 1,827 per sq.ft
Original price + DLDAED 1,774,552
DiscountAED 239,55213.5% below original price
Unit
1-BR
Size
840 sq.ft
Developer
Prestige One Luxury
Handover
Q4 2026

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

Sold
Listed 21 May 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 21 May 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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Payment breakdown

Total cost for buyer, as listedAED 1,633,925The unit price plus the transfer fees and commission — the whole commitment, not the headline.
Unit priceAED 1,535,000
Fees and commissionAED 98,925
Step 01Due at transferAED 866,090Payable when the unit transfers to the buyer.
  • Payment to sellerAED 767,165
  • DLD Transfer fee 4% + 40 AEDAED 61,440
  • DLD Registration Trustee fee + 5%VATAED 5,250
  • Buyer's agent commission 2% + 5%VATAED 32,235
  • Total on transferAED 866,090
Step 02Payable to Prestige One Luxury after transferAED 767,835The balance of the payment plan, which the buyer takes over.
  • 28-APR-2026AED 85,315
  • 27-JUL-2026AED 85,315
  • On Handover (25-DEC-2026)AED 597,205
  • Total remaining payment planAED 767,835

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Floor plan

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Floor plan

Floor plan for DISTRESS DEAL: 1-BR IN SEASIDE

Distress Deal

PROJECT DESCRIPTION

OVERVIEW

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.

LOCATION & TRANSPORT

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.

AMENITIES & SURROUNDING

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.

MARKET

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.

CONCLUSION

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.

Location

SEASIDE — Dubai Islands

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Illustrative model

Scenario modeller

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.

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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Enter the asking price to run the model.

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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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