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 SOBHA ONE — distress deal in Ras Al Khor from Mitchell's Commercial Real EstateSOBHA ONE · Ras Al Khor

Sobha · Ras Al Khor

DISTRESS DEAL: 1-BR IN SOBHA ONE

Asking price as listedAED 1,780,000AED 2,189 per sq.ft
Original price + DLDAED 2,021,066
DiscountAED 241,06612% below original price
Unit
1-BR
Size
813 sq.ft
Developer
Sobha
Handover
Q4 2026

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

Sold
Listed 13 March 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 13 March 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 1,893,870The unit price plus the transfer fees and commission — the whole commitment, not the headline.
Unit priceAED 1,780,000
Fees and commissionAED 113,870
Step 01Due at transferAED 922,204Payable when the unit transfers to the buyer.
  • Payment to sellerAED 808,334
  • DLD Transfer fee 4% + 40 AEDAED 71,240
  • DLD Registration Trustee fee + 5% VATAED 5,250
  • Buyer's agent commission 2% + 5% VATAED 37,380
  • Total on transferAED 922,204
Step 02Payable to Sobha after transferAED 971,666The balance of the payment plan, which the buyer takes over.
  • 7/7/2026AED 194,333
  • On HandoverAED 777,333
  • Total remaining payment planAED 971,666

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Floor plan

Floor plan for DISTRESS DEAL: 1-BR IN SOBHA ONEFloor planView full size

Floor plan

Floor plan for DISTRESS DEAL: 1-BR IN SOBHA ONE

Distress Deal

PROJECT DESCRIPTION

OVERVIEW

Sobha One is a large residential development located in Ras Al Khor Industrial Area 1 in Dubai, United Arab Emirates. The project is configured as a multi-building complex composed of five residential towers developed by Sobha Realty through its subsidiary Sobha Capital LLC. The development forms part of the wider growth corridor positioned between Mohammed Bin Rashid City, Dubai Creek Harbour and the Ras Al Khor area. The project is currently under development with an estimated completion date of June 2026.

LOCATION & TRANSPORT

The project is situated within Ras Al Khor Industrial Area 1, a transitional zone located east of Downtown Dubai and south of Dubai Creek. While the Ras Al Khor district historically comprised industrial land uses and warehouses, it has increasingly been incorporated into residential and mixed use urban expansion associated with Mohammed Bin Rashid City and Dubai Creek Harbour. Sobha One occupies a position close to Ras Al Khor Road which provides direct connectivity into several central Dubai districts including Business Bay, Downtown Dubai and Nad Al Sheba.

AMENITIES & SURROUNDING

The surrounding districts contain a range of attractions and community infrastructure. One of the closest natural landmarks is Ras Al Khor Wildlife Sanctuary located approximately 1.5 kilometres from the development. The sanctuary is known for its protected wetlands and migratory bird populations including flamingos. Retail and entertainment facilities are available at Dubai Festival City Mall, which is located several kilometres north of the site and offers cinemas, dining outlets and waterfront attractions including the Imagine fountain and light show.

MARKET

The surrounding educational infrastructure includes several international schools serving nearby communities. Swiss International Scientific School Dubai is located approximately 2.9 kilometres from Sobha One and offers international curricula including International Baccalaureate programmes. North London Collegiate School Dubai located around 3.3 kilometres away operates an IB based academic curriculum. Hartland International School within Sobha Hartland provides a British curriculum and is located roughly 3.5 kilometres from the development. Additional educational options include Rashid and Latifa Schools located in Nad Al Sheba. These institutions serve residents across Ras Al Khor, Mohammed Bin Rashid City and adjacent residential districts. Units within Sobha One are primarily residential apartments designed for owner occupation or investment. Typical units range from compact one bedroom apartments through larger multi bedroom layouts. Sizes recorded in government transaction data range from approximately 550 square feet to over 1,400 square feet depending on configuration.

CONCLUSION

The surrounding educational infrastructure includes several international schools serving nearby communities. Swiss International Scientific School Dubai is located approximately 2.9 kilometres from Sobha One and offers international curricula including International Baccalaureate programmes. North London Collegiate School Dubai located around 3.3 kilometres away operates an IB based academic curriculum. Hartland International School within Sobha Hartland provides a British curriculum and is located roughly 3.5 kilometres from the development. Additional educational options include Rashid and Latifa Schools located in Nad Al Sheba.

Location

SOBHA ONE — Ras Al Khor, Dubai

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Illustrative model

Scenario modeller

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

Every figure recalculates as you type. Use the price you are considering.

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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