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 1,950,000 |
| Payment to seller | AED 1,112,840 |
| DLD Transfer fee 4% + 40 AED | AED 78,040 |
| DLD Registration Trustee fee + 5%VAT | AED 5,250 |
| Buyer's agent comission 2% + 5%VAT | AED 40,950 |
| On Handover | AED 837,160 |
| Total on Transfer | AED 1,237,080 |
| Total remaining Payment Plan | AED 837,160 |
| TOTAL COST FOR BUYER | AED 2,074,240 |
Photography
Distress Deal
This is a 1-bedroom apartment opportunity in Society House, a 53-storey residential tower under development by Igo in Downtown Dubai. The unit offers 727 sq.ft of internal space, with a balcony and views over the canal and pool, and is positioned between the 6th and 10th floors. The asking price is AED 1,950,000, which is 6.9% below the original reference price of AED 2,094,383. This equates to AED 2,682 per square foot, a notable discount in the context of recent transactions in the building, where comparable 1-bedroom units have traded at AED 2,905 per square foot. The handover is scheduled for Q3 2026, providing a clear timeline for completion. The payment structure includes AED 1,237,080 due on transfer, with a remaining payment plan of AED 837,160, bringing the total buyer cost to AED 2,074,240. The immediate investment thesis is grounded in the below-market entry point, the project’s central location, and the potential for capital appreciation as the development nears completion and Downtown Dubai continues to mature.
Society House is situated in Downtown Dubai, one of the city’s most established and internationally recognised districts. The area is home to landmarks such as the Burj Khalifa, Dubai Mall, and Dubai Opera, and is well-connected by major road networks including Sheikh Zayed Road and Al Khail Road. Residents benefit from proximity to the Dubai Metro (Burj Khalifa/Dubai Mall station), with public transport links facilitating access to the wider city. The location appeals to both professionals and visitors, with a mix of business, leisure, and cultural destinations within walking distance. The area’s established infrastructure ensures reliable access to taxis, ride-hailing services, and frequent bus routes, supporting both owner-occupiers and tenants who prioritise connectivity and convenience.
Society House is designed to deliver a comprehensive lifestyle offering, with amenities that cater to a broad resident profile. The building will feature a 25-metre swimming pool, a fully equipped gym, crossfit facilities, a golf simulator, a cinema, a padel tennis court, and outdoor fitness areas. For families and younger residents, there is a dedicated kids’ play area. The interior design incorporates high-quality finishes such as marble, brass, and gold, with rich textures and bold patterns contributing to a contemporary aesthetic. Four vertical gardens are integrated into the building, providing green spaces and visual interest. The wider Downtown Dubai district offers a full suite of supporting infrastructure, including supermarkets, healthcare clinics, schools, and a range of dining and retail options. The immediate environment is pedestrian-friendly, with landscaped boulevards and easy access to the Dubai Mall and other major attractions.
From an investor perspective, Society House is positioned within a segment of the Downtown Dubai market that has demonstrated resilience and liquidity. Recent transactions for 1-bedroom units in the building have been recorded at higher price points, suggesting that the current asking price offers a genuine discount to market. The area’s strong rental demand is underpinned by its international appeal and the concentration of business and leisure activities. Typical buyers include professionals, expatriates, and investors seeking stable rental yields and long-term capital growth. While the off-plan nature of the project introduces some delivery risk, the developer’s track record and the advanced stage of construction provide a degree of reassurance. Liquidity for similar units has remained robust, with a steady flow of transactions and a broad buyer pool. The main risk points to consider are potential delays in handover and the general volatility of the Dubai property market, though these are partially mitigated by the project’s location and specification.
This 1-bedroom apartment in Society House presents a clear value proposition for investors seeking below-market entry into Downtown Dubai. The combination of a 6.9% discount to the original price, a central location, and a comprehensive amenity offering supports both rental and resale strategies. While all off-plan investments carry inherent risks, the project’s progress, reputable developer, and the district’s ongoing demand profile provide a balanced outlook. For those looking to position themselves in one of Dubai’s most dynamic neighbourhoods ahead of completion, this deal offers a measured opportunity to capture potential upside as the area continues to evolve.
Illustrative model
Set your own assumptions and see how DISTRESS DEAL: 1-BR IN SOCIETY HOUSE 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.
As stated on this listing. Rent cannot start before handover, so on an incomplete unit the early years of the schedule below are holding cost only.
Cash back is below cash out on these assumptions: over the whole hold this purchase returns less than it costs. Read the sensitivity table before drawing a conclusion.
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.
| Year | Net operating income | Sale proceeds, net | Net cash flow |
|---|---|---|---|
| 0 · today | — | — | −AED 2,078,950 |
| 1 | −AED 13,086 | — | −AED 13,086 |
| 2 | −AED 13,086 | — | −AED 13,086 |
| 3 | −AED 13,086 | — | −AED 13,086 |
| 4 | −AED 13,086 | — | −AED 13,086 |
| 5 | −AED 13,086 | AED 1,909,050 | AED 1,895,964 |
| Years 1–5 | −AED 65,430 | AED 1,909,050 | AED 1,843,620 |
| Less the year-0 outflow of AED 2,078,950 → total profit | −AED 235,330 | ||
Exit at year 5: illustrative sale price AED 1,950,000 less selling costs AED 40,950 = AED 1,909,050 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.
| Exit growth | Exit price | Total profit | ROI | IRR |
|---|---|---|---|---|
| −5% p.a. | AED 1.51M | −AED 667k | — | — |
| −3% p.a. | AED 1.67M | −AED 505k | — | — |
| 0% p.a.your figure | AED 1.95M | −AED 235k | — | — |
| 3% p.a. | AED 2.26M | AED 69k | — | — |
| 5% p.a. | AED 2.49M | AED 292k | — | — |
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.
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.
SOCIETY HOUSE — Downtown Dubai
